Insight Enterprises (NSIT) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Trading Symbol	NSIT
Entity Registrant Name	INSIGHT ENTERPRISES, INC.
Entity Central Index Key	0000932696
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,097,785
Entity File Number	0-25092
Entity Tax Identification Number	86-0766246
Entity Address, Address Line One	6820 South Harl Avenue
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85283
City Area Code	480
Local Phone Number	333-3000
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, par value $0.01
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 75,237	$ 114,668
Accounts receivable, net of allowance for doubtful accounts of $15,406 and $10,762, respectively	2,267,718	2,511,383
Inventories	158,400	190,833
Other current assets	225,052	231,148
Total current assets	2,726,407	3,048,032
Property and equipment, net of accumulated depreciation and amortization of $250,205 and $236,330, respectively	127,580	130,907
Goodwill	425,800	415,149
Intangible assets, net of accumulated amortization of $103,102 and $73,492, respectively	253,078	278,584
Other assets	294,445	305,507
Total assets	3,827,310	4,178,179
Current liabilities:
Accounts payable—trade	1,275,187	1,275,957
Accounts payable—inventory financing facilities	367,997	253,676
Accrued expenses and other current liabilities	319,397	352,204
Current portion of long-term debt	1,422	1,691
Total current liabilities	1,964,003	1,883,528
Long-term debt	294,722	857,673
Deferred income taxes	40,572	44,633
Other liabilities	265,122	232,027
Total liabilities	2,564,419	3,017,861
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued
Common stock, $0.01 par value, 100,000 shares authorized; 35,090 shares at September 30, 2020 and 35,263 shares at December 31, 2019 issued and outstanding	351	353
Additional paid-in capital	358,567	357,032
Retained earnings	939,857	841,097
Accumulated other comprehensive loss – foreign currency translation adjustments	(35,884)	(38,164)
Total stockholders’ equity	1,262,891	1,160,318
Total liabilities and stockholders' equity	$ 3,827,310	$ 4,178,179

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 15,406	$ 10,762
Accumulated depreciation and amortization of property and equipment	250,205	236,330
Accumulated amortization of intangible assets	$ 103,102	$ 73,492
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	35,090,000	35,263,000
Common stock, shares outstanding	35,090,000	35,263,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net sales:
Total net sales	$ 1,936,478	$ 1,912,547	$ 6,049,264	$ 5,434,034
Costs of goods sold:
Total costs of goods sold	1,628,915	1,636,352	5,091,976	4,633,918
Gross profit	307,563	276,195	957,288	800,116
Operating expenses:
Selling and administrative expenses	245,155	223,215	756,598	613,767
Severance and restructuring expenses	808	2,662	9,962	3,712
Acquisition and integration related expenses	118	5,896	2,195	9,059
Earnings from operations	61,482	44,422	188,533	173,578
Non-operating (income) expense:
Interest expense, net	9,115	7,694	31,160	16,581
Other (income) expense, net	1,301	(538)	836	858
Earnings before income taxes	51,066	37,266	156,537	156,139
Income tax expense	12,160	10,134	37,285	39,682
Net earnings	$ 38,906	$ 27,132	$ 119,252	$ 116,457
Net earnings per share:
Basic	$ 1.11	$ 0.76	$ 3.40	$ 3.27
Diluted	$ 1.10	$ 0.76	$ 3.37	$ 3.23
Shares used in per share calculations:
Basic	35,077	35,512	35,123	35,631
Diluted	35,348	35,868	35,418	36,027
Products [Member]
Net sales:
Total net sales	$ 1,661,568	$ 1,668,880	$ 5,182,817	$ 4,729,887
Costs of goods sold:
Total costs of goods sold	1,500,312	1,519,240	4,688,497	4,315,464
Services [Member]
Net sales:
Total net sales	274,910	243,667	866,447	704,147
Costs of goods sold:
Total costs of goods sold	$ 128,603	$ 117,112	$ 403,479	$ 318,454

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 38,906	$ 27,132	$ 119,252	$ 116,457
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	12,492	(8,903)	2,280	(7,278)
Total comprehensive income	$ 51,398	$ 18,229	$ 121,532	$ 109,179

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Beginning Balance at Dec. 31, 2018	$ 986,989	$ 355		$ 323,622	$ (41,653)	$ 704,665
Beginning Balance, Shares at Dec. 31, 2018		35,482
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(6,419)	$ 3		(6,422)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		310
Stock-based compensation expense	11,895			11,895
Equity component of convertible senior notes, net of deferred tax of $14,819 and issuance costs of $1,700	44,731			44,731
Issuance of warrants related to convertible senior notes	34,440			34,440
Purchase of note hedge related to convertible senior notes, net of deferred tax of $16,047	(50,278)			(50,278)
Repurchase of treasury stock	(27,899)		$ (27,899)
Repurchase of treasury stock, Shares			541
Retirement of treasury stock, Amount		$ (5)	$ 27,899	(4,919)		(22,975)
Retirement of treasury stock, Shares		541	(541)
Foreign currency translation adjustments, net of tax	(7,278)				(7,278)
Net earnings	116,457					116,457
Ending Balance at Sep. 30, 2019	1,102,638	$ 353		353,069	(48,931)	798,147
Ending Balance, Shares at Sep. 30, 2019		35,251
Beginning Balance at Jun. 30, 2019	1,079,583	$ 358		325,263	(40,028)	793,990
Beginning Balance, Shares at Jun. 30, 2019		35,781
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(266)			(266)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		11
Stock-based compensation expense	4,098			4,098
Equity component of convertible senior notes, net of deferred tax of $14,819 and issuance costs of $1,700	44,731			44,731
Issuance of warrants related to convertible senior notes	34,440			34,440
Purchase of note hedge related to convertible senior notes, net of deferred tax of $16,047	(50,278)			(50,278)
Repurchase of treasury stock	(27,899)		$ (27,899)
Repurchase of treasury stock, Shares			541
Retirement of treasury stock, Amount		$ (5)	$ 27,899	(4,919)		(22,975)
Retirement of treasury stock, Shares		541	(541)
Foreign currency translation adjustments, net of tax	(8,903)				(8,903)
Net earnings	27,132					27,132
Ending Balance at Sep. 30, 2019	1,102,638	$ 353		353,069	(48,931)	798,147
Ending Balance, Shares at Sep. 30, 2019		35,251
Beginning Balance at Dec. 31, 2019	1,160,318	$ 353		357,032	(38,164)	841,097
Beginning Balance, Shares at Dec. 31, 2019		35,263
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(5,713)	$ 2		(5,715)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		272
Stock-based compensation expense	11,754			11,754
Repurchase of treasury stock	(25,000)		$ (25,000)
Repurchase of treasury stock, Shares			(445)
Retirement of treasury stock, Amount		$ (4)	$ 25,000	(4,504)		(20,492)
Retirement of treasury stock, Shares		(445)	445
Foreign currency translation adjustments, net of tax	2,280				2,280
Net earnings	119,252					119,252
Ending Balance at Sep. 30, 2020	1,262,891	$ 351		358,567	(35,884)	939,857
Ending Balance, Shares at Sep. 30, 2020		35,090
Beginning Balance at Jun. 30, 2020	1,207,356	$ 351		354,431	(48,376)	900,950
Beginning Balance, Shares at Jun. 30, 2020		35,070
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(376)			(377)		1
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		20
Stock-based compensation expense	4,513			4,513
Foreign currency translation adjustments, net of tax	12,492				12,492
Net earnings	38,906					38,906
Ending Balance at Sep. 30, 2020	$ 1,262,891	$ 351		$ 358,567	$ (35,884)	$ 939,857
Ending Balance, Shares at Sep. 30, 2020		35,090

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Statement Of Stockholders Equity [Abstract]
Equity component of convertible senior notes, Deferred tax	$ 14,819	$ 14,819
Equity component of convertible senior notes, issuance cost	1,700	1,700
Purchase of note hedge related to convertible senior notes, deferred tax	$ 16,047	$ 16,047

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net earnings	$ 119,252	$ 116,457
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	51,375	29,096
Provision for losses on accounts receivable	8,093	2,695
Non-cash stock-based compensation	11,754	11,895
Deferred income taxes	(2,883)	2,501
Amortization of debt discount	12,091	2,322
Other adjustments	4,087	3,633
Changes in assets and liabilities:
Decrease in accounts receivable	247,659	68,057
Decrease (increase) in inventories	28,002	(17,946)
Decrease (increase) in other assets	19,643	(99,681)
Decrease in accounts payable	(4,842)	(39,191)
(Decrease) increase in accrued expenses and other liabilities	(32,137)	88,757
Net cash provided by operating activities	462,094	168,595
Cash flows from investing activities:
Proceeds from sale of assets held for sale	14,218
Purchases of property and equipment	(20,688)	(16,922)
Acquisitions, net of cash and cash equivalents acquired	(6,405)	(664,287)
Net cash used in investing activities	(12,875)	(681,209)
Cash flows from financing activities:
Borrowings on senior revolving credit facility		242,936
Repayments on senior revolving credit facility		(242,936)
Borrowings on accounts receivable securitization financing facility		2,364,500
Repayments on accounts receivable securitization financing facility		(2,558,500)
Net borrowings (repayments) under inventory financing facilities	114,321	(96,472)
Proceeds from issuance of convertible senior notes		341,250
Proceeds from issuance of warrants		34,440
Purchase of note hedge related to convertible senior notes		(66,325)
Repurchases of common stock	(25,000)	(27,899)
Other payments	(7,520)	(8,762)
Net cash (used in) provided by financing activities	(489,087)	514,442
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances	718	(3,960)
Decrease in cash, cash equivalents and restricted cash	(39,150)	(2,132)
Cash, cash equivalents and restricted cash at beginning of period	116,297	144,293
Cash, cash equivalents and restricted cash at end of period	77,147	142,161
ABL Facility [Member]
Cash flows from financing activities:
Borrowings on senior revolving credit facility	2,111,674	986,754
Repayments on senior revolving credit facility	$ (2,682,562)	$ (454,544)

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	1. Basis of Presentation and Rece ntly Issued Accounting Standards We empower organizations of all sizes with Intelligent Technology Solutions TM Operating Segment Geography North America United States and Canada EMEA Europe, Middle East and Africa APAC Asia-Pacific Our offerings in North America and certain countries in EMEA and APAC include hardware, software and services. Our offerings in the remainder of our EMEA and APAC segments consist of largely software and certain software-related services. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of September 30, 2020 and our results of operations for the three and nine months ended September 30, 2020 and 2019 and cash flows for the nine months ended September 30, 2020 and 2019. The consolidated balance sheet as of December 31, 2019 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the SEC and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”). The results of operations for interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of our business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2019. Our results of operations include the results of PCM, Inc. (“PCM”) from its acquisition date of August 30, 2019 and vNext from its acquisition date of February 28, 2020. The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist. Recently Issued Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. We do not expect this new standard to have a material effect on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses.” The new standard is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held at each reporting date. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” The new standard update provides changes for how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses. In November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” The new standard update provides amendments to the reporting of expected recoveries. We adopted these new standards as of January 1, 2020. The adoption of these new standards did not have a material effect on our consolidated financial statements. There have been no other material changes in or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2019 that affect or may affect our current financial statements.

Sales Recognition

Sales Recognition	9 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Sales Recognition	2 . Sales Recognition In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by Three Months Ended September 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,028,045 $ 138,685 $ 6,421 $ 1,173,151 Software 306,925 165,301 16,191 488,417 Services 223,198 37,294 14,418 274,910 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Major Client Groups Large Enterprise / Corporate $ 1,043,303 $ 242,925 $ 15,416 $ 1,301,644 Small and Medium-Sized Businesses 312,080 13,647 16,197 341,924 Public Sector 202,785 84,708 5,417 292,910 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,477,716 $ 320,445 $ 31,256 $ 1,829,417 Net revenue recognition (Agent) 80,452 20,835 5,774 107,061 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Three Months Ended September 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,020,083 $ 137,416 $ 9,243 $ 1,166,742 Software 295,730 186,839 19,569 502,138 Services 199,349 31,453 12,865 243,667 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Major Client Groups Large Enterprise / Corporate $ 1,110,817 $ 277,536 $ 17,811 $ 1,406,164 Small and Medium-Sized Businesses 239,260 18,998 17,688 275,946 Public Sector 165,085 59,174 6,178 230,437 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,448,385 $ 336,600 $ 35,979 $ 1,820,964 Net revenue recognition (Agent) 66,777 19,108 5,698 91,583 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Nine Months Ended September 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,180,501 $ 466,909 $ 21,001 $ 3,668,411 Software 898,290 553,164 62,952 1,514,406 Services 692,905 132,110 41,432 866,447 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Major Client Groups Large Enterprise / Corporate $ 3,227,613 $ 808,360 $ 44,543 $ 4,080,516 Small and Medium-Sized Businesses 1,030,540 44,567 45,413 1,120,520 Public Sector 513,543 299,256 35,429 848,228 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 4,530,152 $ 1,071,910 $ 108,073 $ 5,710,135 Net revenue recognition (Agent) 241,544 80,273 17,312 339,129 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Nine Months Ended September 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,704,212 $ 451,892 $ 25,740 $ 3,181,844 Software 907,683 560,073 80,287 1,548,043 Services 551,215 113,092 39,840 704,147 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034 Major Client Groups Large Enterprise / Corporate $ 3,159,269 $ 819,156 $ 47,903 $ 4,026,328 Small and Medium-Sized Businesses 585,258 59,318 50,536 695,112 Public Sector 418,583 246,583 47,428 712,594 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,969,411 $ 1,051,101 $ 127,129 $ 5,147,641 Net revenue recognition (Agent) 193,699 73,956 18,738 286,393 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034 The following table provides information about receivables and contract liabilities as of September 30, 2020 and December 31, 2019 (in thousands): September 30, December 31, 2020 2019 Current receivables, which are included in “Accounts receivable, net” $ 2,267,718 $ 2,511,383 Non-current receivables, which are included in “Other assets” 137,431 154,417 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 80,734 84,814 C hanges in the contract liabilities balances during the nine months ended September 30, 2020 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2019 $ 84,814 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (53,454 ) Cash received in advance and not recognized as revenue 49,374 Balances at September 30, 2020 $ 80,734 The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020 that are expected to be recognized in the future (in thousands): Services Remainder of 2020 $ 54,939 2021 64,346 2022 25,076 2023 and thereafter 16,763 Total remaining performance obligations $ 161,124 With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, r emaining performance obligations that have original expected durations of one year or less are not included in the table above. Amounts not included in the table above have an average original expected duration of nine months. The majority of our backlog historically has been and continues to be open cancelable purchase orders. We do not believe that backlog as of any particular date is predictive of future results, therefore we do not include performance obligations under open cancelable purchase orders, which do not qualify for revenue recognition, in the table above.

Assets Held for Sale

Assets Held for Sale	9 Months Ended
	Sep. 30, 2020
Property Plant And Equipment Assets Held For Sale Disclosure [Abstract]
Assets Held For Sale	3. Assets Held for Sale During 2019, we completed the purchase of real estate in Chandler, Arizona that we intend to use as our global corporate headquarters. During the fourth quarter of 2019, properties in Tempe, Arizona, El Segundo and Santa Monica, California and Woodbridge, Illinois were classified as held for sale, for approximately $68,916,000, which is included in other current assets in the accompanying consolidated balance sheet as of September 30, 2020, as we look to sell current properties in preparation for our move to Chandler. During the first quarter of 2020, we completed the sale of our property in Irvine, California for approximately $14,218,000

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS")	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Earnings Per Share ("EPS")	4 . Net Earnings Per Share (“EPS”) Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock units (“RSUs”). A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net earnings $ 38,906 $ 27,132 $ 119,252 $ 116,457 Denominator: Weighted average shares used to compute basic EPS 35,077 35,512 35,123 35,631 Dilutive potential common shares due to dilutive RSUs, net of tax effect 271 356 295 396 Weighted average shares used to compute diluted EPS 35,348 35,868 35,418 36,027 Net earnings per share: Basic $ 1.11 $ 0.76 $ 3.40 $ 3.27 Diluted $ 1.10 $ 0.76 $ 3.37 $ 3.23 For the three and nine months ended September 30, 2020, 3,000 and 163,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in the future. There were 3,000 and 56,000 anti-dilutive RSUs for the three and nine months ended September 30, 2019, respectively.

Debt, Inventory Financing Facil

Debt, Inventory Financing Facility, Finance Leases and Other Financing Obligations	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations	5 . Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations Debt Our long-term debt consists of the following (in thousands): September 30, 2020 December 31, 2019 ABL revolving credit facility $ — $ 570,706 Convertible senior notes due 2025 293,469 284,836 Finance leases and other financing obligations 2,675 3,822 Total 296,144 859,364 Less: current portion of long-term debt (1,422 ) (1,691 ) Long-term debt $ 294,722 $ 857,673 On August 30, 2019, we entered into a credit agreement (the “credit agreement”) providing for a senior secured revolving credit facility (the “ABL facility”), which has an aggregate U.S. dollar equivalent maximum borrowing amount of $1,200,000,000, including a maximum borrowing capacity that could be used for borrowing in certain foreign currencies of $150,000,000. While the ABL facility has a stated maximum amount, the actual availability under the ABL facility is limited by specified percentages of eligible accounts receivable and certain eligible inventory, in each case as set forth in the credit agreement. From time to time and at our option, we may request to increase the aggregate amount available for borrowing under the ABL facility by up to an aggregate of the U.S. dollar equivalent of $500,000,000, subject to customary conditions, including receipt of commitments from lenders. On July 31, 2020, we entered into the First Amendment to Credit Agreement (the “Amendment”) to the ABL facility. The Amendment, among other things, amends the credit agreement to provide additional flexibility for certain asset sale transactions by the Company and its subsidiaries. The ABL facility is guaranteed by certain of our material subsidiaries and is secured by a lien on certain of our assets and certain of each other borrower’s and each guarantor’s assets. The interest rates applicable to borrowings under the ABL facility are based on the average aggregate excess availability under the ABL facility as set forth on a pricing grid in the credit agreement. The ABL facility matures on August 30, 2024. As of September 30, 2020, eligible accounts receivable and inventory were sufficient to permit access to the full $1,200,000,000 facility amount, none of which was outstanding. The ABL facility contains customary affirmative and negative covenants and events of default. If a default occurs (subject to customary grace periods and materiality thresholds) under the credit agreement, certain actions may be taken, including, but not limited to, possible termination of commitments and required payment of all outstanding principal amounts plus accrued interest and fees payable under the credit agreement. Convertible Senior Notes due 2025 On August 15, 2019, we issued $300,000,000 aggregate principal amount of convertible senior notes (the “notes”) that mature on February 15, 2025. On August 23, 2019, we issued an additional $50,000,000 aggregate principal amount of the notes pursuant to the exercise in full by the initial purchasers of the notes of their option to purchase additional notes. The notes bear interest at an annual rate of 0.75% payable semiannually, in arrears, on February 15 th th Holders of the notes may convert their notes at their option at any time prior to the close of business on the business day immediately preceding June 15, 2024, under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2019 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price of our common stock per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day; (3) if we call any or all of the notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events. On or after June 15, 2024 until the close of business on the second scheduled trading day immediately preceding the maturity date, the holders may convert their notes at any time, regardless of the foregoing circumstances. Upon conversion, we will pay or deliver cash, shares of our common stock or a combination of the two, at our discretion. The conversion rate will initially be 14.6376 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $68.32 per share of common stock). The conversion rate is subject to change in certain circumstances and will not be adjusted for any accrued and unpaid interest. In addition, following certain events that occur prior to the maturity date or following our issuance of a notice of redemption, the conversion rate is subject to an increase for a holder who elects to convert their notes in connection with those events or during the related redemption period in certain circumstances. If we undergo a fundamental change, the holders may require us to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of September 30, 2020, none of the criteria for a fundamental change or a conversion rate adjustment had been met. The maximum number of shares issuable upon conversion, including the effect of a fundamental change and subject to other conversion rate adjustments, would be 6,788,208. We may redeem for cash all or any portion of the notes, at our option, on or after August 20, 2022 if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the then outstanding principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes. The notes are subject to certain customary events of default and acceleration clauses. As of September 30, 2020, no such events have occurred. The notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, 2020 December 31, 2019 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (56,531 ) (65,164 ) Net carrying amount $ 293,469 $ 284,836 Equity, net of deferred tax $ 44,731 $ 44,731 The remaining life of the debt discount and issuance cost accretion is approximately 4.375 years. The effective interest rate on the liability component of the notes is 4.325%. I nterest expense resulting from the notes reported within the consolidated statement of operations for the three and nine months ended September 30, 2020 is made up of contractual coupon interest, amortization of debt discount and amortization of debt issuance costs. Convertible Note Hedge and Warrant Transaction In connection with the issuance of the notes, we entered into certain convertible note hedge and warrant transactions (the “Call Spread Transactions”) with respect to the Company’s common stock. The convertible note hedge consists of an option to purchase up to 5,123,160 common stock shares at a price of $68.32 per share. The hedge expires on February 15, 2025 and can only be concurrently executed upon the conversion of the notes. We paid approximately $66,325,000 for the convertible note hedge transaction. Additionally, we sold warrants to purchase 5,123,160 shares of common stock at a price of $103.12 per share. The warrants expire on May 15, 2025 and can only be exercised at maturity. The Company received aggregate proceeds of approximately $34,440,000 for the sale of the warrants. The Call Spread Transactions have no effect on the terms of the notes and reduce potential dilution by effectively increasing the initial conversion price of the notes to $103.12 per share of the Company’s common stock. Inventory Financing Facilities During 2020, we increased our maximum availability for vendor purchases under our unsecured inventory financing facility with MUFG Bank Ltd (“MUFG”) from $200,000,000 to $250,000,000. On July 6, 2020, we entered into a new unsecured inventory financing facility with a subsidiary of PNC Bank, N.A. (“PNC”), which replaced our previous facility with Wells Fargo Capital Finance, LLC. The aggregate availability for vendor purchases under the PNC facility is $250,000,000. consolidated balance sheets and within cash flows from financing activities in the accompanying consolidated statements of cash flows . Finance Lease and Other Financing From time to time, we enter into finance leases and other financing agreements with financial intermediaries to facilitate the purchase of products from certain vendors The current and long-term portions of our finance leases and other financing obligations are included in the current and long-term portions of long-term debt in the table above and in our consolidated balance sheets as of September 30, 2020 and December 31, 2019. See Note 6 for additional information.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	6 . Leases We lease office space, distribution centers, land, vehicles and equipment. Lease agreements with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. Certain lease agreements include one or more options to renew, with renewal terms that can extend the lease term from one to five years The exercise of lease renewal options is at our sole discretion. Certain of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table provides information about the financial statement classification of our lease balances reported within the consolidated balance sheets as of September 30, 2020 and December 31, 2019 (in thousands): Leases Classification September 30, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 81,481 $ 74,684 Finance lease assets Property and equipment (a) 2,326 3,297 Total lease assets $ 83,807 $ 77,981 Liabilities Current Operating lease liabilities Accrued expenses and other current liabilities $ 20,556 $ 19,648 Finance lease liabilities Current portion of long-term debt 1,422 1,691 Non-current Operating lease liabilities Other liabilities 67,421 60,285 Finance lease liabilities Long-term debt 1,253 2,131 Total lease liabilities $ 90,652 $ 83,755 (a) Recorded net of accumulated amortization of $1,833,000 and $861,000 as of September 30, 2020 and December 31, 2019, respectively. The following table provides information about the financial statement classification of our lease expenses reported within the consolidated statement of operations for the three and nine months ended September 30, 2020 (in thousands): Lease cost Classification Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Operating lease cost (a) (b) Selling and administrative expenses $ 6,460 $ 19,412 Finance lease cost Amortization of leased assets Selling and administrative expenses 324 972 Interest on lease liabilities Interest expense, net 24 84 Total lease cost $ 6,808 $ 20,468 (a) Includes immaterial amounts recorded to cost of goods sold. (b) Excludes short-term and variable lease costs, which are immaterial. Future minimum lease payments under non-cancelable leases as of September 30, 2020 are as follows (in thousands): Operating leases Finance leases Total Remainder of 2020 $ 6,021 $ 564 $ 6,585 2021 22,194 1,077 23,271 2022 19,099 645 19,744 2023 13,477 449 13,926 2024 8,430 45 8,475 After 2024 28,999 — 28,999 Total lease payments 98,220 2,780 101,000 Less: Interest (10,243 ) (105 ) (10,348 ) Present value of lease liabilities $ 87,977 $ 2,675 $ 90,652 Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised. The following table provides information about the remaining lease terms and discount rates applied as of September 30, 2020: September 30, 2020 September 30, 2019 Weighted average remaining lease term (years) Operating leases 6.13 6.19 Finance leases 2.45 1.69 Weighted average discount rate (%) Operating leases 3.43 3.65 Finance leases 3.46 4.85 The following table provides other information related to leases for the three and nine months ended September 30, 2020 (in thousands): Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,360 $ 19,444 Leased assets obtained in exchange for new operating lease liabilities $ 577 $ 23,178

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	7. Stock-Based Compensation We recorded the following pre-tax amounts in selling and administrative expenses for stock-based compensation, by operating segment, in the accompanying consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 North America $ 3,347 $ 3,102 $ 8,732 $ 8,965 EMEA $ 1,006 860 2,588 2,544 APAC $ 160 136 434 386 Total Consolidated $ 4,513 $ 4,098 $ 11,754 $ 11,895 As of September 30, 2020, total compensation cost related to nonvested RSUs not yet recognized is $25,871,000, which is expected to be recognized over the next 1.33 years on a weighted-average basis. The following table summarizes our RSU activity during the nine months ended September 30, 2020: Number Weighted Average Grant Date Fair Value Fair Value Nonvested at January 1, 2020 923,400 $ 45.58 Granted (a) 322,506 57.78 Vested, including shares withheld to cover taxes (368,377 ) 42.54 $ 15,670,905 (b) Forfeited (73,284 ) 51.66 Nonvested at September 30, 2020 (a) 804,245 51.31 $ 45,504,182 (c) (a) Includes 83,661 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2020 targeted financial results. We currently estimate that these RSUs will be awarded at 90% this annual period based on achievement towards the 2020 performance targets. ( b ) The aggregate fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date. ( c ) The aggregate fair value of the nonvested RSUs and the RSUs expected to vest represents the total pre-tax fair value, based on our closing stock price of $56.58 as of September 30, 2020, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	8 . Income Taxes Our effective tax rate was 23.8% Our effective tax rate for the three and nine months ended September 30, 2019 was 27.2% and 25.4%, respectively. For the three months ended September 30, 2019, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes, net of federal benefit, higher taxes on earnings in foreign jurisdictions, and the effect of non-deductible acquisition-related expenses partially offset by the recognition of tax benefits related to research and development activities As of September 30, 2020, and December 31, 2019, we had approximately $10,659,000 and $9,736,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $610,000 and $442,000, respectively, related to accrued interest. In the future, if recognized, the liability associated with uncertain tax positions would affect our effective tax rate. We do not believe there will be any changes over the next 12 months that would have a material effect on our effective tax rate. Several of our subsidiaries are currently under audit for tax years 2013 through 2018. Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could increase or decrease the balance of our gross unrecognized tax benefits. However, based on the status of the various examinations in multiple jurisdictions, an estimate of the range of reasonably possible outcomes cannot be made at this time, but the estimated effect on our income tax expense and net earnings is not expected to be significant.

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Share Repurchase Program	9 . Share Repurchase Program On February 26, 2020, our Board of Directors authorized the repurchase of up to $50,000,000 of our common stock. Our share repurchases may be made on the open market, subject to Rule 10b-18 or in privately negotiated transactions, through block trades, through 10b5-1 plans or otherwise, at management’s discretion. The amount of shares purchased and the timing of the purchases will be based on market conditions, working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. During the nine months ended September 30, 2020, we repurchased 444,813 shares of our common stock on the open market at a total cost of approximately $24,999,996 (an average price of $56.20 per share). All shares repurchased were retired. 541,117 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	10 . Commitments and Contingencies Contractual In the ordinary course of business, we issue performance bonds to secure our performance under certain contracts or state tax requirements. These bonds are issued on our behalf by a surety company on an unsecured basis; however, if the surety company is ever required to pay out under the bonds, we have contractually agreed to reimburse the surety company. Management believes that payments, if any, related to these performance bonds are not probable at September 30, 2020. Accordingly, we have not accrued any liabilities related to such performance bonds in our consolidated financial statements. Employment Contracts and Severance Plans We have employment contracts with, and severance plans covering, certain officers and management teammates under which severance payments would become payable in the event of specified terminations without cause or terminations under certain circumstances after a change in control. In addition, vesting of outstanding nonvested RSUs would accelerate following a change in control. If severance payments under the current employment agreements or plan payments were to become payable, the severance payments would generally range from three to twenty-four months of salary. Indemnifications From time to time, in the ordinary course of business, we enter into contractual arrangements under which we agree to indemnify either our clients or third-party service providers from certain losses incurred relating to services performed on our behalf or for losses arising from defined events, which may include litigation or claims relating to past performance. These arrangements include, but are not limited to, the indemnification of our clients for certain claims arising out of our performance under our sales contracts, the indemnification of our landlords for certain claims arising from our use of leased facilities and the indemnification of the lenders that provide our credit facilities for certain claims arising from their extension of credit to us. Such indemnification obligations may not be subject to maximum loss clauses. Management believes that payments, if any, related to these indemnifications are not probable at September 30, 2020. Accordingly, we have not accrued any liabilities related to such indemnifications in our consolidated financial statements. We have entered into separate indemnification agreements with certain of our executive officers and with each of our directors. These agreements require us, among other requirements, to indemnify such officers and directors against expenses (including attorneys’ fees), judgments and settlements incurred by such individual in connection with any action arising out of such individual’s status or service as our executive officer or director (subject to exceptions such as where the individual failed to act in good faith or in a manner the individual reasonably believed to be in, or not opposed to, the best interests of the Company) and to advance expenses incurred by such individual with respect to which such individual may be entitled to indemnification by us. There are no pending legal proceedings that involve the indemnification of any of the Company’s directors or officers. Contingencies Related to Third-Party Review From time to time, we are subject to potential claims and assessments from third parties. We are also subject to various governmental, client and partner audits. We continually assess whether or not such claims have merit and warrant accrual. Where appropriate, we accrue estimates of anticipated liabilities in the consolidated financial statements. Such estimates are subject to change and may affect our results of operations and our cash flows. Legal Proceedings From time to time, we are party to various legal proceedings incidental to the business, including preference payment claims asserted in client bankruptcy proceedings, indemnification claims, claims of alleged infringement of patents, trademarks, copyrights and other intellectual property rights, employment claims, claims of alleged non-compliance with contract provisions and claims related to alleged violations of laws and regulations. We regularly evaluate the status of the legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss, or an additional loss, may have been incurred and determine if accruals are required. If accruals are not required, we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of possible loss can be made. Although litigation is inherently unpredictable, we believe that we have adequate provisions for any probable and estimable losses. It is possible, nevertheless, that our consolidated financial position, results of operations or liquidity could be materially and adversely affected in any particular period by the work required pursuant to any legal proceedings or the resolution of any legal proceedings during such period. Legal expenses related to defense of any legal proceeding or the negotiations, settlements, rulings and advice of outside legal counsel in connection with any legal proceedings are expensed as incurred. In connection with the acquisition of PCM, the Company has effectively assumed responsibility for PCM litigation matters, including various disputes related to PCM’s acquisition of certain assets of En Pointe Technologies in 2015. The seller of En Pointe Technologies and related entities providing various post-closing support functions to PCM have asserted claims regarding the sufficiency of earnout payments paid by PCM under the asset purchase agreement and the unwinding of the support functions post-closing. PCM has rejected and vigorously responded to those claims and is pursuing various counterclaims. The disputes are being heard by multiple courts and arbitrators in several different jurisdictions including California, Delaware and Pakistan. The Company cannot determine with certainty the costs or outcome of these matters. However, the Company is not involved in any pending or threatened legal proceedings, including the PCM litigation matters, that it believes would reasonably be expected to have a material adverse effect on its business, financial condition or results of operations.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	11. Segment Information We operate in three reportable geographic operating segments: North America; EMEA; and APAC with PCM being included in our North America and EMEA segments for the three and nine months ended September 30, 2020. Our offerings in North America and certain countries in EMEA and APAC include IT hardware, software and services. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services. The following table summarizes net sales by offering for North America, EMEA and APAC for the three and nine months ended September 30, 2020 and 2019 (in thousands): North America EMEA APAC Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 1,028,045 $ 1,020,083 $ 138,685 $ 137,416 $ 6,421 $ 9,243 Software 306,925 295,730 165,301 186,839 16,191 19,569 Services 223,198 199,349 37,294 31,453 14,418 12,865 $ 1,558,168 $ 1,515,162 $ 341,280 $ 355,708 $ 37,030 $ 41,677 North America EMEA APAC Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 3,180,501 $ 2,704,212 $ 466,909 $ 451,892 $ 21,001 $ 25,740 Software 898,290 907,683 553,164 560,073 62,952 80,287 Services 692,905 551,215 132,110 113,092 41,432 39,840 $ 4,771,696 $ 4,163,110 $ 1,152,183 $ 1,125,057 $ 125,385 $ 145,867 All significant intercompany transactions are eliminated upon consolidation, and there are no differences between the accounting policies used to measure profit and loss for our segments or on a consolidated basis. Net sales are defined as net sales to external clients. None of our clients exceeded ten percent of consolidated net sales for the three and nine months ended September 30, 2020 or 2019. A portion of our operating segments’ selling and administrative expenses arise from shared services and infrastructure that we have historically provided to them in order to realize economies of scale and to use resources efficiently. These expenses, collectively identified as corporate charges, include senior management expenses, internal audit, legal, tax, insurance services, treasury and other corporate infrastructure expenses. Charges are allocated to our operating segments, and the allocations have been determined on a basis that we consider to be a reasonable reflection of the utilization of services provided to or benefits received by the operating segments. The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands): Three Months Ended September 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,334,970 $ 303,986 $ 22,612 $ 1,661,568 Services 223,198 37,294 14,418 274,910 Total net sales 1,558,168 341,280 37,030 1,936,478 Costs of goods sold: Products 1,202,743 277,025 20,544 1,500,312 Services 108,257 13,955 6,391 128,603 Total costs of goods sold 1,311,000 290,980 26,935 1,628,915 Gross profit 247,168 50,300 10,095 307,563 Operating expenses: Selling and administrative expenses 192,033 45,438 7,684 245,155 Severance and restructuring expenses 773 19 16 808 Acquisition and integration related expenses 118 — — 118 Earnings from operations $ 54,244 $ 4,843 $ 2,395 $ 61,482 Three Months Ended September 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 1,315,813 $ 324,255 $ 28,812 $ 1,668,880 Services 199,349 31,453 12,865 243,667 Total net sales 1,515,162 355,708 41,677 1,912,547 Costs of goods sold: Products 1,195,020 297,789 26,431 1,519,240 Services 101,498 10,028 5,586 117,112 Total costs of goods sold 1,296,518 307,817 32,017 1,636,352 Gross profit 218,644 47,891 9,660 276,195 Operating expenses: Selling and administrative expenses 170,993 44,568 7,654 223,215 Severance and restructuring expenses 2,449 213 — 2,662 Acquisition and integration related expenses 5,896 — — 5,896 Earnings from operations $ 39,306 $ 3,110 $ 2,006 $ 44,422 Nine Months Ended September 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 4,078,791 $ 1,020,073 $ 83,953 $ 5,182,817 Services 692,905 132,110 41,432 866,447 Total net sales 4,771,696 1,152,183 125,385 6,049,264 Costs of goods sold: Products 3,678,118 933,053 77,326 4,688,497 Services 344,586 41,876 17,017 403,479 Total costs of goods sold 4,022,704 974,929 94,343 5,091,976 Gross profit 748,992 177,254 31,042 957,288 Operating expenses: Selling and administrative expenses 590,549 143,859 22,190 756,598 Severance and restructuring expenses 7,799 2,118 45 9,962 Acquisition and integration related expenses 1,991 204 — 2,195 Earnings from operations $ 148,653 $ 31,073 $ 8,807 $ 188,533 Nine Months Ended September 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 3,611,895 $ 1,011,965 $ 106,027 $ 4,729,887 Services 551,215 113,092 39,840 704,147 Total net sales 4,163,110 1,125,057 145,867 5,434,034 Costs of goods sold: Products 3,290,555 926,712 98,197 4,315,464 Services 272,245 29,021 17,188 318,454 Total costs of goods sold 3,562,800 955,733 115,385 4,633,918 Gross profit 600,310 169,324 30,482 800,116 Operating expenses: Selling and administrative expenses 452,441 139,365 21,961 613,767 Severance and restructuring expenses 3,260 328 124 3,712 Acquisition-related expenses 9,059 — — 9,059 Earnings from operations $ 135,550 $ 29,631 $ 8,397 $ 173,578 The following is a summary of our total assets by reportable operating segment (in thousands): September 30, 2020 December 31, 2019 North America $ 4,145,070 $ 3,814,408 EMEA 627,644 699,856 APAC 110,561 123,349 Corporate assets and intercompany eliminations, net (1,055,965 ) (459,434 ) Total assets $ 3,827,310 $ 4,178,179 We recorded the following pre-tax amounts, by reportable operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Depreciation and amortization of property and equipment: North America $ 5,907 $ 4,371 $ 17,559 $ 12,114 EMEA 1,269 1,013 3,846 2,980 APAC 143 140 415 412 7,319 5,524 21,820 15,506 Amortization of intangible assets: North America 8,730 5,765 27,594 13,037 EMEA 585 67 1,625 205 APAC 118 114 336 348 9,433 5,946 29,555 13,590 Total $ 16,752 $ 11,470 $ 51,375 $ 29,096

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions	12. PCM On August 30, 2019, we completed our acquisition of PCM, acquiring 100 percent of the issued and outstanding shares of PCM for a cash purchase price of $745,562,000, which included cash and cash equivalents acquired of $84,637,000 and the payment of PCM’s outstanding debt. PCM is a provider of multi-vendor technology offerings, including hardware, software and services to small, mid-sized and corporate/enterprise commercial clients, state, local and federal governments and educational institutions across the United States, Canada and the United Kingdom. Based in El Segundo, California, PCM had 40 office locations globally and more than 4,000 teammates. We believe that this acquisition allows us to help existing PCM clients in positioning their businesses for future growth, transforming and securing their data platforms, creating modern and mobile experiences for their workforce and optimizing the procurement of technology. The addition of PCM complements our supply chain optimization solution offering, adding scale and clients in the mid-market and corporate space primarily in North America. The following table summarizes the purchase price and the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase price net of cash and cash equivalents acquired $ 660,925 Fair value of net assets acquired: Current assets $ 531,941 Identifiable intangible assets - see description below 191,370 Property and equipment 91,213 Other assets 32,699 Current liabilities (369,183 ) Long-term liabilities, including deferred taxes (71,009 ) Total fair value of net assets acquired 407,031 Excess purchase price over fair value of net assets acquired ("goodwill") $ 253,894 Under the acquisition method of accounting, the total purchase price as shown in the table above was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over fair value of net assets acquired was recorded as goodwill. In the fourth quarter of 2019, an adjustment of $56,700,000 was recorded to goodwill primarily due to a change in the customer relationships valuation based on updated information received for key inputs as well as an associated change in deferred taxes. The fair values of current assets and liabilities are based upon their historical costs on the date of acquisition due to their short-term nature. The estimated fair values of the majority of property and equipment, excluding acquired real estate, are also based upon historical costs net of depreciation, as they approximated fair value. Certain long-term assets, including PCM’s IT systems, were written down to their estimated fair value. The estimated fair value of net assets acquired was approximately $407,031,000, including $191,370,000 of identified intangible assets, consisting primarily of customer relationships of $178,900,000. The fair value of the customer relationships were determined using the multiple-period excess earnings method. The identifiable intangible assets resulting from the acquisition are amortized using the straight-line method over the following estimated useful lives: customer relationships – 10-12 years; trade names – 1 year; non-compete agreements – 2-3 years. Goodwill of $253,894,000, which was recorded in our North America and EMEA operating segments, represents the excess of the purchase price over the estimated fair value assigned to tangible and identifiable intangible assets acquired and liabilities assumed from PCM. The goodwill is not amortized and will be tested for impairment annually in the fourth quarter of our fiscal year. The addition of the PCM technical employees to our team and the opportunity to grow our business are the primary factors making up the goodwill recognized as part of the transaction. None of the goodwill is tax deductible. The purchase price allocation was finalized during the third quarter of 2020. We have consolidated the results of operations for PCM since its acquisition on August 30, 2019. The following table reports pro forma information as if the acquisition of PCM had been completed at the beginning of the earliest period presented (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2019 Net sales As reported $ 1,912,547 $ 5,434,034 Pro forma $ 2,322,828 $ 6,910,356 Net earnings As reported $ 27,132 $ 116,457 Pro forma $ 24,678 $ 115,321 Diluted earnings per share As reported $ 0.76 $ 3.23 Pro forma $ 0.69 $ 3.20 Changes in Goodwill and Intangible Assets Other than the goodwill and intangible assets recorded in conjunction with the acquisitions of vNext and PCM, the only other change in consolidated goodwill and intangible assets as of September 30, 2020 compared to the balance as of December 31, 2019 resulted from foreign currency translation adjustments associated with the balances in our North America, EMEA and APAC operating segments.

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. We do not expect this new standard to have a material effect on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses.” The new standard is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held at each reporting date. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” The new standard update provides changes for how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses. In November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” The new standard update provides amendments to the reporting of expected recoveries. We adopted these new standards as of January 1, 2020. The adoption of these new standards did not have a material effect on our consolidated financial statements. There have been no other material changes in or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2019 that affect or may affect our current financial statements.

Sales Recognition (Tables)

Sales Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Summary of Revenue Disaggregated by Reportable Operating Segments	In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by Three Months Ended September 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,028,045 $ 138,685 $ 6,421 $ 1,173,151 Software 306,925 165,301 16,191 488,417 Services 223,198 37,294 14,418 274,910 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Major Client Groups Large Enterprise / Corporate $ 1,043,303 $ 242,925 $ 15,416 $ 1,301,644 Small and Medium-Sized Businesses 312,080 13,647 16,197 341,924 Public Sector 202,785 84,708 5,417 292,910 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,477,716 $ 320,445 $ 31,256 $ 1,829,417 Net revenue recognition (Agent) 80,452 20,835 5,774 107,061 $ 1,558,168 $ 341,280 $ 37,030 $ 1,936,478 Three Months Ended September 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,020,083 $ 137,416 $ 9,243 $ 1,166,742 Software 295,730 186,839 19,569 502,138 Services 199,349 31,453 12,865 243,667 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Major Client Groups Large Enterprise / Corporate $ 1,110,817 $ 277,536 $ 17,811 $ 1,406,164 Small and Medium-Sized Businesses 239,260 18,998 17,688 275,946 Public Sector 165,085 59,174 6,178 230,437 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,448,385 $ 336,600 $ 35,979 $ 1,820,964 Net revenue recognition (Agent) 66,777 19,108 5,698 91,583 $ 1,515,162 $ 355,708 $ 41,677 $ 1,912,547 Nine Months Ended September 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,180,501 $ 466,909 $ 21,001 $ 3,668,411 Software 898,290 553,164 62,952 1,514,406 Services 692,905 132,110 41,432 866,447 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Major Client Groups Large Enterprise / Corporate $ 3,227,613 $ 808,360 $ 44,543 $ 4,080,516 Small and Medium-Sized Businesses 1,030,540 44,567 45,413 1,120,520 Public Sector 513,543 299,256 35,429 848,228 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 4,530,152 $ 1,071,910 $ 108,073 $ 5,710,135 Net revenue recognition (Agent) 241,544 80,273 17,312 339,129 $ 4,771,696 $ 1,152,183 $ 125,385 $ 6,049,264 Nine Months Ended September 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,704,212 $ 451,892 $ 25,740 $ 3,181,844 Software 907,683 560,073 80,287 1,548,043 Services 551,215 113,092 39,840 704,147 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034 Major Client Groups Large Enterprise / Corporate $ 3,159,269 $ 819,156 $ 47,903 $ 4,026,328 Small and Medium-Sized Businesses 585,258 59,318 50,536 695,112 Public Sector 418,583 246,583 47,428 712,594 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,969,411 $ 1,051,101 $ 127,129 $ 5,147,641 Net revenue recognition (Agent) 193,699 73,956 18,738 286,393 $ 4,163,110 $ 1,125,057 $ 145,867 $ 5,434,034
Summary of Information about Receivables and Contract Liabilities	The following table provides information about receivables and contract liabilities as of September 30, 2020 and December 31, 2019 (in thousands): September 30, December 31, 2020 2019 Current receivables, which are included in “Accounts receivable, net” $ 2,267,718 $ 2,511,383 Non-current receivables, which are included in “Other assets” 137,431 154,417 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 80,734 84,814
Summary of Changes in Contract Liabilities from Contract with Customers	C hanges in the contract liabilities balances during the nine months ended September 30, 2020 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2019 $ 84,814 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (53,454 ) Cash received in advance and not recognized as revenue 49,374 Balances at September 30, 2020 $ 80,734
Summary of Estimated Net Sales Related to Performance Obligation	The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020 that are expected to be recognized in the future (in thousands): Services Remainder of 2020 $ 54,939 2021 64,346 2022 25,076 2023 and thereafter 16,763 Total remaining performance obligations $ 161,124

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Reconciliation of Denominators of Basic and Diluted EPS Calculations	A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net earnings $ 38,906 $ 27,132 $ 119,252 $ 116,457 Denominator: Weighted average shares used to compute basic EPS 35,077 35,512 35,123 35,631 Dilutive potential common shares due to dilutive RSUs, net of tax effect 271 356 295 396 Weighted average shares used to compute diluted EPS 35,348 35,868 35,418 36,027 Net earnings per share: Basic $ 1.11 $ 0.76 $ 3.40 $ 3.27 Diluted $ 1.10 $ 0.76 $ 3.37 $ 3.23

Debt, Inventory Financing Fac_2

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): September 30, 2020 December 31, 2019 ABL revolving credit facility $ — $ 570,706 Convertible senior notes due 2025 293,469 284,836 Finance leases and other financing obligations 2,675 3,822 Total 296,144 859,364 Less: current portion of long-term debt (1,422 ) (1,691 ) Long-term debt $ 294,722 $ 857,673
Schedule of Convertible Senior Notes Balances	The notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, 2020 December 31, 2019 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (56,531 ) (65,164 ) Net carrying amount $ 293,469 $ 284,836 Equity, net of deferred tax $ 44,731 $ 44,731

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet	The following table provides information about the financial statement classification of our lease balances reported within the consolidated balance sheets as of September 30, 2020 and December 31, 2019 (in thousands): Leases Classification September 30, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 81,481 $ 74,684 Finance lease assets Property and equipment (a) 2,326 3,297 Total lease assets $ 83,807 $ 77,981 Liabilities Current Operating lease liabilities Accrued expenses and other current liabilities $ 20,556 $ 19,648 Finance lease liabilities Current portion of long-term debt 1,422 1,691 Non-current Operating lease liabilities Other liabilities 67,421 60,285 Finance lease liabilities Long-term debt 1,253 2,131 Total lease liabilities $ 90,652 $ 83,755 (a) Recorded net of accumulated amortization of $1,833,000 and $861,000 as of September 30, 2020 and December 31, 2019, respectively.
Schedule of Financial Statement Classification of Lease Balances With Consolidated Statement of Operations	The following table provides information about the financial statement classification of our lease expenses reported within the consolidated statement of operations for the three and nine months ended September 30, 2020 (in thousands): Lease cost Classification Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Operating lease cost (a) (b) Selling and administrative expenses $ 6,460 $ 19,412 Finance lease cost Amortization of leased assets Selling and administrative expenses 324 972 Interest on lease liabilities Interest expense, net 24 84 Total lease cost $ 6,808 $ 20,468 (a) Includes immaterial amounts recorded to cost of goods sold. (b) Excludes short-term and variable lease costs, which are immaterial.
Schedule of Future Minimum Lease Payments Under Non-cancelable Leases	Future minimum lease payments under non-cancelable leases as of September 30, 2020 are as follows (in thousands): Operating leases Finance leases Total Remainder of 2020 $ 6,021 $ 564 $ 6,585 2021 22,194 1,077 23,271 2022 19,099 645 19,744 2023 13,477 449 13,926 2024 8,430 45 8,475 After 2024 28,999 — 28,999 Total lease payments 98,220 2,780 101,000 Less: Interest (10,243 ) (105 ) (10,348 ) Present value of lease liabilities $ 87,977 $ 2,675 $ 90,652 Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Weighted Average Remaining Term and Discount Rates	The following table provides information about the remaining lease terms and discount rates applied as of September 30, 2020: September 30, 2020 September 30, 2019 Weighted average remaining lease term (years) Operating leases 6.13 6.19 Finance leases 2.45 1.69 Weighted average discount rate (%) Operating leases 3.43 3.65 Finance leases 3.46 4.85
Schedule of Other Information Related to Leases	The following table provides other information related to leases for the three and nine months ended September 30, 2020 (in thousands): Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,360 $ 19,444 Leased assets obtained in exchange for new operating lease liabilities $ 577 $ 23,178

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Pre-tax Amounts by Operating Segment for Stock-Based Compensation	We recorded the following pre-tax amounts in selling and administrative expenses for stock-based compensation, by operating segment, in the accompanying consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 North America $ 3,347 $ 3,102 $ 8,732 $ 8,965 EMEA $ 1,006 860 2,588 2,544 APAC $ 160 136 434 386 Total Consolidated $ 4,513 $ 4,098 $ 11,754 $ 11,895
Summary of Restricted Stock Units Activity	The following table summarizes our RSU activity during the nine months ended September 30, 2020: Number Weighted Average Grant Date Fair Value Fair Value Nonvested at January 1, 2020 923,400 $ 45.58 Granted (a) 322,506 57.78 Vested, including shares withheld to cover taxes (368,377 ) 42.54 $ 15,670,905 (b) Forfeited (73,284 ) 51.66 Nonvested at September 30, 2020 (a) 804,245 51.31 $ 45,504,182 (c) (a) Includes 83,661 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2020 targeted financial results. We currently estimate that these RSUs will be awarded at 90% this annual period based on achievement towards the 2020 performance targets. ( b ) The aggregate fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date. ( c ) The aggregate fair value of the nonvested RSUs and the RSUs expected to vest represents the total pre-tax fair value, based on our closing stock price of $56.58 as of September 30, 2020, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Net Sales by Offering for North America, EMEA and APAC	The following table summarizes net sales by offering for North America, EMEA and APAC for the three and nine months ended September 30, 2020 and 2019 (in thousands): North America EMEA APAC Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 1,028,045 $ 1,020,083 $ 138,685 $ 137,416 $ 6,421 $ 9,243 Software 306,925 295,730 165,301 186,839 16,191 19,569 Services 223,198 199,349 37,294 31,453 14,418 12,865 $ 1,558,168 $ 1,515,162 $ 341,280 $ 355,708 $ 37,030 $ 41,677 North America EMEA APAC Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 3,180,501 $ 2,704,212 $ 466,909 $ 451,892 $ 21,001 $ 25,740 Software 898,290 907,683 553,164 560,073 62,952 80,287 Services 692,905 551,215 132,110 113,092 41,432 39,840 $ 4,771,696 $ 4,163,110 $ 1,152,183 $ 1,125,057 $ 125,385 $ 145,867
Financial Information about Reportable Operating Segments	The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands): Three Months Ended September 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,334,970 $ 303,986 $ 22,612 $ 1,661,568 Services 223,198 37,294 14,418 274,910 Total net sales 1,558,168 341,280 37,030 1,936,478 Costs of goods sold: Products 1,202,743 277,025 20,544 1,500,312 Services 108,257 13,955 6,391 128,603 Total costs of goods sold 1,311,000 290,980 26,935 1,628,915 Gross profit 247,168 50,300 10,095 307,563 Operating expenses: Selling and administrative expenses 192,033 45,438 7,684 245,155 Severance and restructuring expenses 773 19 16 808 Acquisition and integration related expenses 118 — — 118 Earnings from operations $ 54,244 $ 4,843 $ 2,395 $ 61,482 Three Months Ended September 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 1,315,813 $ 324,255 $ 28,812 $ 1,668,880 Services 199,349 31,453 12,865 243,667 Total net sales 1,515,162 355,708 41,677 1,912,547 Costs of goods sold: Products 1,195,020 297,789 26,431 1,519,240 Services 101,498 10,028 5,586 117,112 Total costs of goods sold 1,296,518 307,817 32,017 1,636,352 Gross profit 218,644 47,891 9,660 276,195 Operating expenses: Selling and administrative expenses 170,993 44,568 7,654 223,215 Severance and restructuring expenses 2,449 213 — 2,662 Acquisition and integration related expenses 5,896 — — 5,896 Earnings from operations $ 39,306 $ 3,110 $ 2,006 $ 44,422 Nine Months Ended September 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 4,078,791 $ 1,020,073 $ 83,953 $ 5,182,817 Services 692,905 132,110 41,432 866,447 Total net sales 4,771,696 1,152,183 125,385 6,049,264 Costs of goods sold: Products 3,678,118 933,053 77,326 4,688,497 Services 344,586 41,876 17,017 403,479 Total costs of goods sold 4,022,704 974,929 94,343 5,091,976 Gross profit 748,992 177,254 31,042 957,288 Operating expenses: Selling and administrative expenses 590,549 143,859 22,190 756,598 Severance and restructuring expenses 7,799 2,118 45 9,962 Acquisition and integration related expenses 1,991 204 — 2,195 Earnings from operations $ 148,653 $ 31,073 $ 8,807 $ 188,533
Summary of Total Assets by Reportable Operating Segment	The following is a summary of our total assets by reportable operating segment (in thousands): September 30, 2020 December 31, 2019 North America $ 4,145,070 $ 3,814,408 EMEA 627,644 699,856 APAC 110,561 123,349 Corporate assets and intercompany eliminations, net (1,055,965 ) (459,434 ) Total assets $ 3,827,310 $ 4,178,179
Pre-Tax Depreciation and Amortization by Operating Segment	We recorded the following pre-tax amounts, by reportable operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Depreciation and amortization of property and equipment: North America $ 5,907 $ 4,371 $ 17,559 $ 12,114 EMEA 1,269 1,013 3,846 2,980 APAC 143 140 415 412 7,319 5,524 21,820 15,506 Amortization of intangible assets: North America 8,730 5,765 27,594 13,037 EMEA 585 67 1,625 205 APAC 118 114 336 348 9,433 5,946 29,555 13,590 Total $ 16,752 $ 11,470 $ 51,375 $ 29,096

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Summary of Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the purchase price and the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase price net of cash and cash equivalents acquired $ 660,925 Fair value of net assets acquired: Current assets $ 531,941 Identifiable intangible assets - see description below 191,370 Property and equipment 91,213 Other assets 32,699 Current liabilities (369,183 ) Long-term liabilities, including deferred taxes (71,009 ) Total fair value of net assets acquired 407,031 Excess purchase price over fair value of net assets acquired ("goodwill") $ 253,894
Summary of Pro Forma Information	The following table reports pro forma information as if the acquisition of PCM had been completed at the beginning of the earliest period presented (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2019 Net sales As reported $ 1,912,547 $ 5,434,034 Pro forma $ 2,322,828 $ 6,910,356 Net earnings As reported $ 27,132 $ 116,457 Pro forma $ 24,678 $ 115,321 Diluted earnings per share As reported $ 0.76 $ 3.23 Pro forma $ 0.69 $ 3.20

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Standards - Additional Information (Detail) - Segment	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of operating segments	3	3
VNext [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition, effective date of acquisition		Feb. 28, 2020
PCM [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition, effective date of acquisition		Aug. 30, 2019

Sales Recognition - Summary of

Sales Recognition - Summary of Revenue Disaggregated by Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	$ 1,936,478	$ 1,912,547	$ 6,049,264	$ 5,434,034
Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,829,417	1,820,964	5,710,135	5,147,641
Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	107,061	91,583	339,129	286,393
Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,301,644	1,406,164	4,080,516	4,026,328
Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	292,910	230,437	848,228	712,594
Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	341,924	275,946	1,120,520	695,112
North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,558,168	1,515,162	4,771,696	4,163,110
North America Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,477,716	1,448,385	4,530,152	3,969,411
North America Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	80,452	66,777	241,544	193,699
North America Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,043,303	1,110,817	3,227,613	3,159,269
North America Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	202,785	165,085	513,543	418,583
North America Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	312,080	239,260	1,030,540	585,258
EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	341,280	355,708	1,152,183	1,125,057
EMEA Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	320,445	336,600	1,071,910	1,051,101
EMEA Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	20,835	19,108	80,273	73,956
EMEA Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	242,925	277,536	808,360	819,156
EMEA Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	84,708	59,174	299,256	246,583
EMEA Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	13,647	18,998	44,567	59,318
APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	37,030	41,677	125,385	145,867
APAC Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	31,256	35,979	108,073	127,129
APAC Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	5,774	5,698	17,312	18,738
APAC Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	15,416	17,811	44,543	47,903
APAC Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	5,417	6,178	35,429	47,428
APAC Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	16,197	17,688	45,413	50,536
Hardware Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,173,151	1,166,742	3,668,411	3,181,844
Hardware Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,028,045	1,020,083	3,180,501	2,704,212
Hardware Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	138,685	137,416	466,909	451,892
Hardware Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	6,421	9,243	21,001	25,740
Software Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	488,417	502,138	1,514,406	1,548,043
Software Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	306,925	295,730	898,290	907,683
Software Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	165,301	186,839	553,164	560,073
Software Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	16,191	19,569	62,952	80,287
Services Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	274,910	243,667	866,447	704,147
Services Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	223,198	199,349	692,905	551,215
Services Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	37,294	31,453	132,110	113,092
Services Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	$ 14,418	$ 12,865	$ 41,432	$ 39,840

Sales Recognition - Summary o_2

Sales Recognition - Summary of Information about Receivables and Contract Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	$ 2,267,718	$ 2,511,383
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	80,734	84,814
Accounts Receivable, Net [Member]
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	2,267,718	2,511,383
Other Assets [Member]
Disaggregation of Revenue [Line Items]
Non-current receivables, which are included in “Other assets”	137,431	154,417
Accrued Expenses and Other Current Liabilities and Other Liabilities [Member]
Disaggregation of Revenue [Line Items]
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	$ 80,734	$ 84,814

Sales Recognition - Summary o_3

Sales Recognition - Summary of Changes in Contract Liabilities from Contract with Customers (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Beginning balance, Contract Liabilities	$ 84,814
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied, Contract Liabilities	(53,454)
Cash received in advance and not recognized as revenue, Contract Liabilities	49,374
Ending balance, Contract Liabilities	$ 80,734

Sales Recognition - Summary o_4

Sales Recognition - Summary of Estimated Net Sales Related to Performance Obligation (Detail) - Services [Member] $ in Thousands	Sep. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 161,124
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 54,939
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 64,346
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 25,076
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 16,763
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Sales Recognition - Summary o_5

Sales Recognition - Summary of Estimated Net Sales Related to Performance Obligation (Detail 1) $ in Thousands	Sep. 30, 2020USD ($)
Services [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 161,124

Sales Recognition - Additional

Sales Recognition - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Description of expected duration	With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, remaining performance obligations that have original expected durations of one year or less are not included in the table above.  Amounts not included in the table above have an average original expected duration of nine months.
Time and material contracts expected duration	20 months

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020
Long Lived Assets Held For Sale [Line Items]
Proceeds from sale of property		$ 14,218,000
Irvine, California Property [Member]
Long Lived Assets Held For Sale [Line Items]
Proceeds from sale of property	$ 14,218,000
Other Current Assets [Member]
Long Lived Assets Held For Sale [Line Items]
Properties held for sale		$ 68,916,000

Net Earnings Per Share ("EPS"_2

Net Earnings Per Share ("EPS") - Reconciliation of Denominators of Basic and Diluted EPS Calculations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net earnings	$ 38,906	$ 27,132	$ 119,252	$ 116,457
Denominator:
Weighted average shares used to compute basic EPS	35,077	35,512	35,123	35,631
Dilutive potential common shares due to dilutive RSUs, net of tax effect	271	356	295	396
Weighted average shares used to compute diluted EPS	35,348	35,868	35,418	36,027
Net earnings per share:
Basic	$ 1.11	$ 0.76	$ 3.40	$ 3.27
Diluted	$ 1.10	$ 0.76	$ 3.37	$ 3.23

Net Earnings Per Share ("EPS"_3

Net Earnings Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
RSUs excluded from the diluted EPS calculations	3,000	3,000	163,000	56,000

Debt, Inventory Financing Fac_3

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Long-Term Debt (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Long-term debt
Finance leases and other financing obligations	$ 2,675,000	$ 3,822,000
Total	296,144,000	859,364,000
Less: current portion of long-term debt	(1,422,000)	(1,691,000)
Long-term debt	294,722,000	857,673,000
ABL Facility [Member]
Long-term debt
Revolving credit facility	0	570,706,000
Convertible Senior Notes due 2025 [Member]
Long-term debt
Convertible senior notes due 2025	$ 293,469,000	$ 284,836,000

Debt, Inventory Financing Fac_4

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Additional Information (Detail)	Aug. 30, 2019USD ($)	Aug. 15, 2019USD ($)	Sep. 30, 2020USD ($)sharesd$ / shares	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Aug. 23, 2019USD ($)
Debt Instrument [Line Items]
Payments to convertible note hedge transaction				$ 66,325,000
Proceeds from sale of warrants				$ 34,440,000
Accounts payable-inventory financing facility			$ 367,997,000		$ 253,676,000
Convertible Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of convertible senior notes, issued amount		$ 300,000,000	$ 350,000,000		350,000,000
Convertible senior notes, maturity date		Feb. 15, 2025
Additional aggregate principal amount of notes issued						$ 50,000,000
Convertible senior notes, interest rate		0.75%
Convertible senior notes, payable term			payable semiannually, in arrears, on February 15th and August 15th of each year.
Number of trading days | d			20
Number of consecutive trading days | d			30
Percentage of last reported sale price to conversion price on each applicable trading day			130.00%
Principal amount per note used in conversion rate			$ 1,000
Debt Conversion, initial conversion rate | shares			14.6376
Conversion price per share | $ / shares			$ 68.32
Repurchase price as percentage of principal amount			100.00%
Shares issuable upon conversion of debt | shares			6,788,208
Debt instrument, redemption price, percentage of outstanding principal amount redeemed			100.00%
Convertible senior notes, remaining accretion period of debt discount and issuance cost			4 years 4 months 15 days
Convertible senior notes, effective interest rate			4.325%
Conversion price per share | $ / shares			$ 68.32
Convertible note hedge expiration date			Feb. 15, 2025
Payments to convertible note hedge transaction			$ 66,325,000
Warrants sold to purchase of additional common stock | shares			5,123,160
Warrant price per share to purchase additional common stock | $ / shares			$ 103.12
Warrants expiration date			May 15, 2025
Proceeds from sale of warrants			$ 34,440,000
Convertible Senior Notes due 2025 [Member] | Scenario One [Member]
Debt Instrument [Line Items]
Number of trading days | d			20
Number of consecutive trading days | d			30
Percentage of last reported sale price to conversion price on each applicable trading day			130.00%
Convertible Senior Notes due 2025 [Member] | Scenario Two [Member]
Debt Instrument [Line Items]
Number of consecutive trading days | d			5
Percentage of last reported sale price to conversion price on each applicable trading day			98.00%
Measurement period			5 days
Convertible Senior Notes due 2025 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Option to purchase common stock, shares | shares			5,123,160
ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 1,200,000,000
Line of credit maturity date	Aug. 30, 2024
Amount of facility permitted by qualified receivables			$ 1,200,000,000
Line of credit outstanding amount			0		$ 570,706,000
ABL Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, increase in amount available for borrowing	$ 500,000,000
ABL Facility [Member] | Foreign Currency Borrowings [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 150,000,000
Inventory Financing Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			500,000,000
Accounts payable-inventory financing facility			$ 367,997,000
Inventory Financing Facility [Member] | PNC Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility interest rate if balances are not paid within stated vendor terms			LIBOR plus 4.50%
Inventory financing facility rate if vendor terms not met equal LIBOR plus			4.50%
Unsecured Inventory Financing Facility [Member] | PNC Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			$ 250,000,000
Unsecured Inventory Financing Facility [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Inventory financing facility interest rate if balances are not paid within stated vendor terms			prime plus 2.00%
Inventory financing facility rate if vendor terms not met equal prime plus			2.00%
Unsecured Inventory Financing Facility [Member] | Maximum [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 250,000,000
Unsecured Inventory Financing Facility [Member] | Minimum [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 200,000,000

Debt, Inventory Financing Fac_5

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Schedule of Convertible Senior Notes Balances (Detail) - Convertible Senior Notes due 2025 [Member] - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Aug. 15, 2019
Liability:
Principal	$ 350,000,000	$ 350,000,000	$ 300,000,000
Less: debt discount and issuance costs, net of accumulated accretion	(56,531,000)	(65,164,000)
Net carrying amount	293,469,000	284,836,000
Equity, net of deferred tax	$ 44,731,000	$ 44,731,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Lessee Lease Description [Line Items]
Operating lease, existence of option to extend	true
Operating lease, option to extend lease terms, description	Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised
Operating lease payments	$ 98,220
Options to Extend Lease Terms [Member]
Lessee Lease Description [Line Items]
Operating lease payments	$ 13,400
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease renewal term	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease renewal term	5 years

Leases - Schedule of Financial

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Lessee Lease Description [Line Items]
Total lease assets	$ 83,807	$ 77,981
Total lease liabilities	90,652	83,755
Other Assets [Member]
Lessee Lease Description [Line Items]
Operating lease assets	81,481	74,684
Property and equipment [Member]
Lessee Lease Description [Line Items]
Finance lease assets	2,326	3,297
Accrued expenses and other current liabilities [Member]
Lessee Lease Description [Line Items]
Operating lease liabilities	20,556	19,648
Current portion of long-term debt [Member]
Lessee Lease Description [Line Items]
Finance lease liabilities	1,422	1,691
Other liabilities [Member]
Lessee Lease Description [Line Items]
Operating lease liabilities	67,421	60,285
Long-term debt [Member]
Lessee Lease Description [Line Items]
Finance lease liabilities	$ 1,253	$ 2,131

Leases - Schedule of Financia_2

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet (Parenthetical) (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Property and equipment [Member]
Lessee Lease Description [Line Items]
Finance lease assets, accumulated amortization	$ 1,833,000	$ 861,000

Leases - Schedule of Financia_3

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Lessee Lease Description [Line Items]
Total lease cost	$ 6,808	$ 20,468
Selling and Administrative Expenses [Member]
Lessee Lease Description [Line Items]
Operating lease cost	6,460	19,412
Amortization of leased assets	324	972
Interest Expense, Net [Member]
Lessee Lease Description [Line Items]
Interest on lease liabilities	$ 24	$ 84

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Non-cancelable Leases (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Operating Lease
Remainder of 2020	$ 6,021
2021	22,194
2022	19,099
2023	13,477
2024	8,430
After 2024	28,999
Total lease payments	98,220
Less: Interest	(10,243)
Present value of lease liabilities	87,977
Finance Lease
Remainder of 2020	564
2021	1,077
2022	645
2023	449
2024	45
Total lease payments	2,780
Less: Interest	(105)
Present value of lease liabilities	2,675
Total
Remainder of 2020	6,585
2021	23,271
2022	19,744
2023	13,926
2024	8,475
After 2024	28,999
Total lease payments	101,000
Less: Interest	(10,348)
Present value of lease liabilities	$ 90,652

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Term and Discount Rates (Detail)	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating leases, Weighted average remaining lease term (years)	6 years 1 month 17 days	6 years 2 months 8 days
Finance leases, Weighted average remaining lease term (years)	2 years 5 months 12 days	1 year 8 months 8 days
Operating leases, Weighted average discount rate	3.43%	3.65%
Finance leases, Weighted average discount rate	3.46%	4.85%

Leases - Schedule of Cash Flows

Leases - Schedule of Cash Flows Associated With the Company's Leasing Activities (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 6,360	$ 19,444
Leased assets obtained in exchange for new operating lease liabilities	$ 577	$ 23,178

Stock-Based Compensation - Pre-

Stock-Based Compensation - Pre-tax Amounts by Operating Segment for Stock-Based Compensation (Detail) - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 4,513	$ 4,098	$ 11,754	$ 11,895
Selling and Administrative Expenses [Member] | North America Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	3,347	3,102	8,732	8,965
Selling and Administrative Expenses [Member] | EMEA Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	1,006	860	2,588	2,544
Selling and Administrative Expenses [Member] | APAC Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 160	$ 136	$ 434	$ 386

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost related to RSU's not yet recognized	$ 25,871,000
Weighted average number of years for recognition of outstanding nonvested RSUs	1 year 3 months 29 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Number, Beginning balance | shares	923,400
Number, Granted | shares	322,506
Number, Vested, including shares withheld to cover taxes | shares	(368,377)
Number, Forfeited | shares	(73,284)
Nonvested Number, Ending balance | shares	804,245
Nonvested Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 45.58
Weighted Average Grant Date Fair Value, Granted | $ / shares	57.78
Weighted Average Grant Date Fair Value, Vested, including shares withheld to cover taxes | $ / shares	42.54
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	51.66
Nonvested Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 51.31
Fair Value, Vested, including shares withheld to cover taxes | $	$ 15,670,905
Fair Value, Nonvested at end of period | $	$ 45,504,182

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Units Activity (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price | $ / shares	$ 56.58
Percentage of award vested upon completion of acquisition	90.00%
Performance Based Restricted Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total RSUs | shares	83,661

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax [Line Items]
Effective tax rate	23.80%	27.20%	23.80%	25.40%
United States federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Unrecognized tax benefits	$ 10,659,000		$ 10,659,000		$ 9,736,000
Unrecognized tax benefits, interest on income taxes accrued	$ 610,000		$ 610,000		$ 442,000
Period during which examination phase of tax audits may conclude, description			Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could increase or decrease the balance of our gross unrecognized tax benefits.
Earliest Tax Year [Member]
Income Tax [Line Items]
Open tax year			2013
Latest Tax Year [Member]
Income Tax [Line Items]
Open tax year			2018

Share Repurchase Program - Addi

Share Repurchase Program - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Feb. 26, 2020
Equity [Abstract]
Common stock repurchase program, authorized amount			$ 50,000,000
Common stock repurchase program, number of shares repurchased	444,813	541,117
Repurchase program, approximate dollar value of shares purchased	$ 24,999,996	$ 27,899,000
Repurchase program, average price paid per share	$ 56.20	$ 51.56

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Number of months of salary paid as severance	from three to twenty-four months

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Segment Reporting [Abstract]
Number of operating segments	3	3
Description of major customers net sales		None of our clients exceeded ten percent of consolidated net sales for the three and nine months ended September 30, 2020 or 2019.

Segment Information - Net Sales

Segment Information - Net Sales by Offering for North America, EMEA and APAC (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
Revenues from external customers	$ 1,936,478	$ 1,912,547	$ 6,049,264	$ 5,434,034
North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,558,168	1,515,162	4,771,696	4,163,110
EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	341,280	355,708	1,152,183	1,125,057
APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	37,030	41,677	125,385	145,867
Hardware Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,173,151	1,166,742	3,668,411	3,181,844
Hardware Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,028,045	1,020,083	3,180,501	2,704,212
Hardware Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	138,685	137,416	466,909	451,892
Hardware Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	6,421	9,243	21,001	25,740
Software Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	488,417	502,138	1,514,406	1,548,043
Software Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	306,925	295,730	898,290	907,683
Software Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	165,301	186,839	553,164	560,073
Software Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	16,191	19,569	62,952	80,287
Services Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	274,910	243,667	866,447	704,147
Services Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	223,198	199,349	692,905	551,215
Services Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	37,294	31,453	132,110	113,092
Services Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	$ 14,418	$ 12,865	$ 41,432	$ 39,840

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Total net sales	$ 1,936,478	$ 1,912,547	$ 6,049,264	$ 5,434,034
Total costs of goods sold	1,628,915	1,636,352	5,091,976	4,633,918
Gross profit	307,563	276,195	957,288	800,116
Operating expenses:
Selling and administrative expenses	245,155	223,215	756,598	613,767
Severance and restructuring expenses	808	2,662	9,962	3,712
Acquisition and integration related expenses	118	5,896	2,195	9,059
Earnings from operations	61,482	44,422	188,533	173,578
Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,661,568	1,668,880	5,182,817	4,729,887
Total costs of goods sold	1,500,312	1,519,240	4,688,497	4,315,464
Services [Member]
Segment Reporting Information [Line Items]
Total net sales	274,910	243,667	866,447	704,147
Total costs of goods sold	128,603	117,112	403,479	318,454
North America Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	1,558,168	1,515,162	4,771,696	4,163,110
Total costs of goods sold	1,311,000	1,296,518	4,022,704	3,562,800
Gross profit	247,168	218,644	748,992	600,310
Operating expenses:
Selling and administrative expenses	192,033	170,993	590,549	452,441
Severance and restructuring expenses	773	2,449	7,799	3,260
Acquisition and integration related expenses	118	5,896	1,991	9,059
Earnings from operations	54,244	39,306	148,653	135,550
North America Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,334,970	1,315,813	4,078,791	3,611,895
Total costs of goods sold	1,202,743	1,195,020	3,678,118	3,290,555
North America Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	223,198	199,349	692,905	551,215
Total costs of goods sold	108,257	101,498	344,586	272,245
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	341,280	355,708	1,152,183	1,125,057
Total costs of goods sold	290,980	307,817	974,929	955,733
Gross profit	50,300	47,891	177,254	169,324
Operating expenses:
Selling and administrative expenses	45,438	44,568	143,859	139,365
Severance and restructuring expenses	19	213	2,118	328
Acquisition and integration related expenses			204
Earnings from operations	4,843	3,110	31,073	29,631
EMEA Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	303,986	324,255	1,020,073	1,011,965
Total costs of goods sold	277,025	297,789	933,053	926,712
EMEA Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	37,294	31,453	132,110	113,092
Total costs of goods sold	13,955	10,028	41,876	29,021
APAC Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	37,030	41,677	125,385	145,867
Total costs of goods sold	26,935	32,017	94,343	115,385
Gross profit	10,095	9,660	31,042	30,482
Operating expenses:
Selling and administrative expenses	7,684	7,654	22,190	21,961
Severance and restructuring expenses	16		45	124
Earnings from operations	2,395	2,006	8,807	8,397
APAC Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	22,612	28,812	83,953	106,027
Total costs of goods sold	20,544	26,431	77,326	98,197
APAC Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	14,418	12,865	41,432	39,840
Total costs of goods sold	$ 6,391	$ 5,586	$ 17,017	$ 17,188

Segment Information - Summary o

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,827,310	$ 4,178,179
Operating Segments [Member] | North America Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,145,070	3,814,408
Operating Segments [Member] | EMEA Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	627,644	699,856
Operating Segments [Member] | APAC Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	110,561	123,349
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (1,055,965)	$ (459,434)

Segment Information - Pre-Tax D

Segment Information - Pre-Tax Depreciation and Amortization by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	$ 7,319	$ 5,524	$ 21,820	$ 15,506
Amortization of intangible assets	9,433	5,946	29,555	13,590
Depreciation and amortization, total	16,752	11,470	51,375	29,096
North America Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	5,907	4,371	17,559	12,114
Amortization of intangible assets	8,730	5,765	27,594	13,037
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	1,269	1,013	3,846	2,980
Amortization of intangible assets	585	67	1,625	205
APAC Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	143	140	415	412
Amortization of intangible assets	$ 118	$ 114	$ 336	$ 348

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	Aug. 30, 2019USD ($)OfficeTeammate	Dec. 31, 2019USD ($)	Sep. 30, 2020USD ($)
Business Acquisition [Line Items]
Goodwill		$ 415,149,000	$ 425,800,000
PCM [Member]
Business Acquisition [Line Items]
Cash purchase price	$ 745,562,000
Acquisition, percentage of issued and outstanding shares acquired	100.00%
Cash and cash equivalents acquired	$ 84,637,000
Number of office locations globally | Office	40
Estimated fair value of net assets acquired	$ 407,031,000
Identifiable intangible assets	191,370,000
Goodwill	253,894,000
Tax deductible goodwill	0
PCM [Member] | Customer Relationships
Business Acquisition [Line Items]
Goodwill balance due to adjustment in purchase price allocation		$ 56,700,000
Identifiable intangible assets	$ 178,900,000
PCM [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Useful Life	1 year
PCM [Member] | Minimum [Member]
Business Acquisition [Line Items]
Number of teammates | Teammate	4,000
PCM [Member] | Minimum [Member] | Customer Relationships
Business Acquisition [Line Items]
Useful Life	10 years
PCM [Member] | Minimum [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Useful Life	2 years
PCM [Member] | Maximum [Member] | Customer Relationships
Business Acquisition [Line Items]
Useful Life	12 years
PCM [Member] | Maximum [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Useful Life	3 years

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($)	Aug. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Purchase price net of cash and cash equivalents acquired		$ 6,405,000	$ 664,287,000
Fair value of net assets acquired:
Excess purchase price over fair value of net assets acquired ("goodwill")		$ 425,800,000		$ 415,149,000
PCM [Member]
Business Acquisition [Line Items]
Purchase price net of cash and cash equivalents acquired	$ 660,925,000
Fair value of net assets acquired:
Current assets	531,941,000
Identifiable intangible assets - see description below	191,370,000
Property and equipment	91,213,000
Other assets	32,699,000
Current liabilities	(369,183,000)
Long-term liabilities, including deferred taxes	(71,009,000)
Total fair value of net assets acquired	407,031,000
Excess purchase price over fair value of net assets acquired ("goodwill")	$ 253,894,000

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Acquisition [Line Items]
Net sales, As reported	$ 1,936,478	$ 1,912,547	$ 6,049,264	$ 5,434,034
Net earnings, As reported	$ 38,906	$ 27,132	$ 119,252	$ 116,457
Diluted earnings per share, As reported	$ 1.10	$ 0.76	$ 3.37	$ 3.23
PCM [Member]
Business Acquisition [Line Items]
Net sales, As reported		$ 1,912,547		$ 5,434,034
Net sales, Pro forma		2,322,828		6,910,356
Net earnings, As reported		27,132		116,457
Net earnings, Pro forma		$ 24,678		$ 115,321
Diluted earnings per share, As reported		$ 0.76		$ 3.23
Diluted earnings per share, Pro forma		$ 0.69		$ 3.20