Insight Enterprises (NSIT) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
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		34,855,832
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	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 107,813	$ 128,313
Accounts receivable, net of allowance for doubtful accounts of $15,716 and $15,106, respectively	3,045,324	2,685,448
Inventories	214,385	185,650
Other current assets	187,707	177,039
Total current assets	3,555,229	3,176,450
Property and equipment, net of accumulated depreciation and amortization of $257,398 and $256,065, respectively	149,979	146,016
Goodwill	430,846	429,368
Intangible assets, net of accumulated amortization of $119,337 and $103,483, respectively	232,487	246,915
Other assets	298,506	311,983
Total assets	4,667,047	4,310,732
Current liabilities:
Accounts payable—trade	1,782,131	1,461,312
Accounts payable—inventory financing facilities	309,316	356,930
Accrued expenses and other current liabilities	391,557	408,117
Current portion of long-term debt	650	1,105
Total current liabilities	2,483,654	2,227,464
Long-term debt	483,252	437,581
Deferred income taxes	35,268	33,209
Other liabilities	263,046	270,049
Total liabilities	3,265,220	2,968,303
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; 34,845 shares at June 30, 2021 and 35,103 shares at December 31, 2020 issued and outstanding	348	351
Additional paid-in capital	361,412	364,288
Retained earnings	1,050,074	993,245
Accumulated other comprehensive loss – foreign currency translation adjustments	(10,007)	(15,455)
Total stockholders’ equity	1,401,827	1,342,429
Total liabilities and stockholders' equity	$ 4,667,047	$ 4,310,732

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 15,716	$ 15,106
Accumulated depreciation and amortization of property and equipment	257,398	256,065
Accumulated amortization of intangible assets	$ 119,337	$ 103,483
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	34,845,000	35,103,000
Common stock, shares outstanding	34,845,000	35,103,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net sales:
Total net sales	$ 2,229,501	$ 1,968,735	$ 4,422,569	$ 4,112,786
Costs of goods sold:
Total costs of goods sold	1,862,818	1,644,346	3,724,412	3,463,061
Gross profit	366,683	324,389	698,157	649,725
Operating expenses:
Selling and administrative expenses	277,087	242,580	548,277	511,443
Severance and restructuring expenses, net	1,127	7,010	(5,613)	9,154
Acquisition and integration related expenses		611		2,077
Earnings from operations	88,469	74,188	155,493	127,051
Non-operating (income) expense:
Interest expense, net	9,583	10,219	19,552	22,045
Other expense (income), net	346	1,098	734	(465)
Earnings before income taxes	78,540	62,871	135,207	105,471
Income tax expense	19,979	16,486	33,478	25,125
Net earnings	$ 58,561	$ 46,385	$ 101,729	$ 80,346
Net earnings per share:
Basic	$ 1.67	$ 1.32	$ 2.89	$ 2.29
Diluted	$ 1.58	$ 1.32	$ 2.76	$ 2.27
Shares used in per share calculations:
Basic	35,097	35,060	35,148	35,147
Diluted	37,135	35,260	36,917	35,453
Products [Member]
Net sales:
Total net sales	$ 1,889,178	$ 1,672,933	$ 3,782,198	$ 3,521,249
Costs of goods sold:
Total costs of goods sold	1,715,729	1,517,947	3,436,987	3,188,185
Services [Member]
Net sales:
Total net sales	340,323	295,802	640,371	591,537
Costs of goods sold:
Total costs of goods sold	$ 147,089	$ 126,399	$ 287,425	$ 274,876

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 58,561	$ 46,385	$ 101,729	$ 80,346
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	5,528	7,619	5,448	(10,212)
Total comprehensive income	$ 64,089	$ 54,004	$ 107,177	$ 70,134

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, 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	(5,337)	$ 3		(5,339)		(1)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		252
Stock-based compensation expense	7,241			7,241
Repurchase of treasury stock, Amount	(25,000)		$ (25,000)
Repurchase of treasury stock, Shares			(445)
Retirement of treasury stock, Amount		$ (5)	$ 25,000	(4,503)		(20,492)
Retirement of treasury stock, Shares		(445)	445
Foreign currency translation adjustments, net of tax	(10,212)				(10,212)
Net earnings	80,346					80,346
Ending Balance at Jun. 30, 2020	1,207,356	$ 351		354,431	(48,376)	900,950
Ending Balance, Shares at Jun. 30, 2020		35,070
Beginning Balance at Mar. 31, 2020	1,150,569	$ 350		351,648	(55,995)	854,566
Beginning Balance, Shares at Mar. 31, 2020		35,049
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(49)	$ 1		(49)		(1)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		21
Stock-based compensation expense	2,832			2,832
Foreign currency translation adjustments, net of tax	7,619				7,619
Net earnings	46,385					46,385
Ending Balance at Jun. 30, 2020	1,207,356	$ 351		354,431	(48,376)	900,950
Ending Balance, Shares at Jun. 30, 2020		35,070
Beginning Balance at Dec. 31, 2020	1,342,429	$ 351		364,288	(15,455)	993,245
Beginning Balance, Shares at Dec. 31, 2020		35,103
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(7,154)	$ 2		(7,156)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		239
Stock-based compensation expense	9,375			9,375
Repurchase of treasury stock, Amount	(50,000)		$ (50,000)
Repurchase of treasury stock, Shares			(497)
Retirement of treasury stock, Amount		$ (5)	$ 50,000	(5,095)		(44,900)
Retirement of treasury stock, Shares		(497)	497
Foreign currency translation adjustments, net of tax	5,448				5,448
Net earnings	101,729					101,729
Ending Balance at Jun. 30, 2021	1,401,827	$ 348		361,412	(10,007)	1,050,074
Ending Balance, Shares at Jun. 30, 2021		34,845
Beginning Balance at Mar. 31, 2021	1,383,166	$ 353		361,935	(15,535)	1,036,413
Beginning Balance, Shares at Mar. 31, 2021		35,320
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	87			87
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		22
Stock-based compensation expense	4,659			4,659
Repurchase of treasury stock, Amount	(50,000)		$ (50,000)
Repurchase of treasury stock, Shares			(497)
Retirement of treasury stock, Amount		$ (5)	$ 50,000	(5,095)		(44,900)
Retirement of treasury stock, Shares		(497)	497
Foreign currency translation adjustments, net of tax	5,528				5,528
Net earnings	58,561					58,561
Ending Balance at Jun. 30, 2021	$ 1,401,827	$ 348		$ 361,412	$ (10,007)	$ 1,050,074
Ending Balance, Shares at Jun. 30, 2021		34,845

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net earnings	$ 101,729	$ 80,346
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	28,498	34,623
Provision for losses on accounts receivable	3,838	6,570
Non-cash stock-based compensation	9,375	7,241
Deferred income taxes	1,815	(1,464)
Amortization of debt discount	8,375	8,002
Other adjustments	(5,308)	2,829
Changes in assets and liabilities:
Increase in accounts receivable	(362,109)	(182,511)
Increase in inventories	(31,072)	(26,647)
(Increase) decrease in other assets	(8,282)	46,088
Increase in accounts payable	294,860	529,742
Decrease in accrued expenses and other liabilities	(36,532)	(7,290)
Net cash provided by operating activities	5,187	497,529
Cash flows from investing activities:
Proceeds from sale of assets held for sale	27,211	14,218
Purchases of property and equipment	(16,837)	(14,494)
Acquisitions, net of cash and cash equivalents acquired		(6,406)
Net cash provided by (used in) investing activities	10,374	(6,682)
Cash flows from financing activities:
Net (repayments) borrowings under inventory financing facilities	(17,538)	7,457
Repurchases of common stock	(50,000)	(25,000)
Other payments	(7,944)	(6,791)
Net cash used in financing activities	(35,482)	(450,576)
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances	(594)	(814)
(Decrease) increase in cash, cash equivalents and restricted cash	(20,515)	39,457
Cash, cash equivalents and restricted cash at beginning of period	130,582	116,297
Cash, cash equivalents and restricted cash at end of period	110,067	155,754
ABL Facility [Member]
Cash flows from financing activities:
Borrowings on senior revolving credit facility	1,838,680	1,381,179
Repayments on senior revolving credit facility	$ (1,798,680)	$ (1,807,421)

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	1. Basis We empower organizations of all sizes with Insight 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, including cloud solutions. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services and cloud solutions. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of June 30, 2021 and our results of operations for the three and six months ended June 30, 2021 and 2020 and cash flows for the six months ended June 30, 2021 and 2020. The consolidated balance sheet as of December 31, 2020 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, 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. We adopted the new standard as of January 1, 2021. The adoption of this new standard did not have a material effect on our consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”. The new guidance is intended to simplify the accounting for certain convertible instruments with characteristics of both liability and equity. The guidance removes certain accounting models which separate the embedded conversion features from the host contract for convertible instruments. As a result, after the adoption of this guidance, an entity’s convertible debt instrument will be wholly accounted for as debt. The guidance also expands disclosure requirements for convertible instruments and simplifies areas of the guidance for diluted earnings-per-share calculations by requiring the use of the if-converted method. The guidance will be effective for fiscal years beginning after December 15, 2021, with early adoption permitted for fiscal years beginning after December 15, 2020 and can be adopted on either a fully retrospective or modified retrospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements; however, we expect our consolidated statements of operations and consolidated balance sheets will be significantly impacted following adoption of this new standard on January 1, 2022, as we will no longer report accreted interest on the Notes and the full par value of the Notes will be reflected as debt. 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, 2020 that affect or may affect our current financial statements.

Receivables, Contract Liabiliti

Receivables, Contract Liabilities and Performance Obligations	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Receivables, Contract Liabilities and Performance Obligations	2 . Receivables, Contract Liabilities and Performance Obligations The following table provides information about receivables and contract liabilities as of June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, 2021 2020 Current receivables, which are included in “Accounts receivable, net” $ 3,045,324 $ 2,685,448 Non-current receivables, which are included in “Other assets” 146,227 154,662 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 105,515 107,158 C hanges in the contract liabilities balances during the six months ended June 30, 2021 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2020 $ 107,158 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (53,771 ) Cash received in advance and not recognized as revenue 52,128 Balances at June 30, 2021 $ 105,515 During the six months ended June 30, 2020, the Company recognized revenue of $32,682,000 related to its contract liabilities. The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2021 that are expected to be recognized in the future (in thousands): Services Remainder of 2021 $ 74,988 2022 56,887 2023 26,030 2024 and thereafter 20,528 Total remaining performance obligations $ 178,433 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	6 Months Ended
	Jun. 30, 2021
Property Plant And Equipment Assets Held For Sale Disclosure [Abstract]
Assets Held For Sale	3. Assets Held for Sale During the first half of 2021, we completed the sale of our three properties in Tempe, Arizona and the sale of our property in Woodbridge, Illinois for total net proceeds of approximately $27,211,000. We intend to use the proceeds from the sales to ready our property in Chandler, Arizona to be used as our global corporate headquarters. During the first half 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")	6 Months Ended
	Jun. 30, 2021
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”) and certain shares underlying the Notes. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Numerator: Net earnings $ 58,561 $ 46,385 $ 101,729 $ 80,346 Denominator: Weighted average shares used to compute basic EPS 35,097 35,060 35,148 35,147 Dilutive potential common shares due to dilutive RSUs, net of tax effect 378 200 420 306 Dilutive potential common shares due to the Notes 1,660 — 1,349 — Weighted average shares used to compute diluted EPS 37,135 35,260 36,917 35,453 Net earnings per share: Basic $ 1.67 $ 1.32 $ 2.89 $ 2.29 Diluted $ 1.58 $ 1.32 $ 2.76 $ 2.27 For the three and six months ended June 30, 2021, 200 and 100, respectively,

Debt, Inventory Financing Facil

Debt, Inventory Financing Facility, Finance Leases and Other Financing Obligations	6 Months Ended
	Jun. 30, 2021
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): June 30, 2021 December 31, 2020 ABL revolving credit facility $ 180,000 $ 140,000 Convertible senior notes due 2025 302,415 296,419 Finance leases and other financing obligations 1,487 2,267 Total 483,902 438,686 Less: current portion of long-term debt (650 ) (1,105 ) Long-term debt $ 483,252 $ 437,581 Our senior secured revolving credit facility (the “ABL facility”), 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. 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. 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 June 30, 2021, eligible accounts receivable and inventory were sufficient to permit access to the full $1,200,000,000 facility amount, of which $180,000,000 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 In August 2019, we issued $350,000,000 aggregate principal amount of Notes that mature on February 15, 2025. 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 (the “market price trigger”); (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price 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. We have made a policy election to settle the par value of the Notes in cash with only the conversion spread being settled in shares of our common stock. The conversion rate will initially be 14.6376 shares of common stock per $1,000 principal amount of the 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 N otes in connection with those event s or during the related redemption period in certain circumstances. Our convertible notes exceeded the market price trigger of $88.82 in the second quarter of 2021 making the notes convertible at the option of the holders at any time through the maturity date. None of the note holders have exercised their rights at this time. 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 June 30, 2021 , none of 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. The Notes are subject to certain customary events of default and acceleration clauses. As of June 30, 2021, no such events have occurred. The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): June 30, 2021 December 31, 2020 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (47,585 ) (53,581 ) Net carrying amount $ 302,415 $ 296,419 Equity, net of deferred tax $ 44,731 $ 44,731 The remaining life of the debt discount and issuance cost accretion is approximately 3.625 years. The effective interest rate on the liability component of the Notes is 4.325%. Interest expense resulting from the Notes reported within the consolidated statement of operations for the three and six months ended June 30, 2021 and 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 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 On June 28, 2021, we entered into an unsecured inventory financing facility in Canada (the “Canada facility”) with a maximum borrowing capacity of $25,000,000. This facility will stay in effect until it is terminated by any of the parties. If balances are not paid within stated vendor terms, they will accrue interest at Canadian Dollar Offered Rate plus 4.50%. Amounts outstanding under this facility will be classified as accounts payable – inventory financing facilities in the accompanying balance sheets. Additionally, we have a $250,000,000 unsecured inventory financing facility with each of MUFG Bank Ltd (“MUFG”) and PNC Bank, N.A. (“PNC”) and a $40,000,000 unsecured inventory financing facility in EMEA. As of June 30, 2021, our combined inventory financing facilities had a total maximum capacity of $565,000,000, of which $309,316,000 was outstanding. The inventory financing facilities will remain in effect until they are terminated by any of the parties. If balances are not paid within stated vendor terms, they will accrue interest at prime plus 2.00%, LIBOR plus 4.50% and 0.25% on the MUFG, PNC and EMEA facilities, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	6 . Income Taxes Our effective tax rate for the three and six months ended June 30, 2021 was 25.4% and 24.8%, respectively. For the three months ended June 30, 2021, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes and higher taxes on earnings in foreign jurisdictions, partially offset by tax benefits related to research and development activities. For the six months ended June 30, 2021, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes and higher taxes on earnings in foreign jurisdictions, partially offset by excess tax benefits on the settlement of employee share based compensation and tax benefits related to research and development activities. Our effective tax rate for the three and six months ended June 30, 2020 was 26.2% and 23.8%, respectively. For the three months ended June 30, 2020, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes and higher taxes on earnings in foreign jurisdictions, partially offset by tax benefits related to research and development activities. For the six months ended June 30, 2020, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes and higher taxes on earnings in foreign jurisdictions, partially offset by the remeasurement of acquired net operating losses under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the recognition of tax benefits related to research and development activities. As of June 30, 2021, and December 31, 2020, we had approximately $11,486,000 and $10,546,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $870,000 and $749,000, 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 to our unrecognized tax benefits over the next 12 months that would have a material effect on our effective tax rate. We are currently under audit in various jurisdictions 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	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Share Repurchase Program	7. On February 26, 2020, we announced that our Board of Directors had authorized the repurchase of up to $50,000,000 of our common stock. On May 6, 2021, we announced that our Board of Directors had authorized the repurchase of up to $125,000,000 of our common stock, including the $ 25,000,000 During the six months ended June 30, 2021, we repurchased 497,243 shares of our common stock on the open market at a total cost of $49,999,979 (an average price of $100.55 per share). During the six months ended June 30, 2020, we repurchased 444,813 shares of our common stock on the open market at a total cost of $24,999,996 (an average price of $56.20 per share). All shares repurchased during the six months ended June 30, 2021 and 2020 were retired .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8 . 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 June 30, 2021. 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 June 30, 2021. 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	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	9. Segment Information We operate in three reportable geographic operating segments: North America; EMEA; and APAC. Our offerings in North America and certain countries in EMEA and APAC include IT hardware, software and services, including cloud solutions. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services and cloud solutions. In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by their related geographies, as well as by major product offering, by major client group and by recognition on either a gross basis as a principal in the arrangement, or on a net basis as an agent, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,168,770 $ 170,406 $ 11,768 $ 1,350,944 Software 331,809 184,986 21,439 $ 538,234 Services 259,050 61,982 19,291 $ 340,323 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Major Client Groups Large Enterprise / Corporate $ 1,219,953 $ 297,677 $ 25,663 $ 1,543,293 Commercial 362,744 17,166 16,110 396,020 Public Sector 176,932 102,531 10,725 290,188 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,661,386 $ 380,325 $ 44,835 $ 2,086,546 Net revenue recognition (Agent) 98,243 37,049 7,663 142,955 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,023,970 $ 153,255 $ 6,834 $ 1,184,059 Software 286,202 186,781 15,891 488,874 Services 228,975 51,981 14,846 295,802 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Major Client Groups Large Enterprise / Corporate $ 1,023,562 $ 273,147 $ 16,102 $ 1,312,811 Commercial 332,384 13,178 15,562 361,124 Public Sector 183,201 105,692 5,907 294,800 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,451,922 $ 359,206 $ 31,063 $ 1,842,191 Net revenue recognition (Agent) 87,225 32,811 6,508 126,544 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Six Months Ended June 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,278,259 $ 366,377 $ 21,333 $ 2,665,969 Software 640,547 419,409 56,273 $ 1,116,229 Services 495,604 110,424 34,343 $ 640,371 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Major Client Groups Large Enterprise / Corporate $ 2,391,381 $ 606,752 $ 44,739 $ 3,042,872 Commercial 706,789 37,699 28,777 773,265 Public Sector 316,240 251,759 38,433 606,432 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,231,027 $ 831,302 $ 97,698 $ 4,160,027 Net revenue recognition (Agent) 183,383 64,908 14,251 262,542 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,152,456 $ 328,224 $ 14,580 $ 2,495,260 Software 591,365 387,863 46,761 1,025,989 Services 469,707 94,816 27,014 591,537 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Major Client Groups Large Enterprise / Corporate $ 2,184,310 $ 565,435 $ 29,127 $ 2,778,872 Commercial 718,460 30,920 29,216 778,596 Public Sector 310,758 214,548 30,012 555,318 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,052,436 $ 751,465 $ 76,817 $ 3,880,718 Net revenue recognition (Agent) 161,092 59,438 11,538 232,068 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 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 six months ended June 30, 2021 or 2020. 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 June 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 1,500,579 $ 355,392 $ 33,207 $ 1,889,178 Services 259,050 61,982 19,291 340,323 Total net sales 1,759,629 417,374 52,498 2,229,501 Costs of goods sold: Products 1,358,357 327,550 29,822 1,715,729 Services 122,375 16,295 8,419 147,089 Total costs of goods sold 1,480,732 343,845 38,241 1,862,818 Gross profit 278,897 73,529 14,257 366,683 Operating expenses: Selling and administrative expenses 213,900 53,957 9,230 277,087 Severance and restructuring expenses 878 240 9 1,127 Earnings from operations $ 64,119 $ 19,332 $ 5,018 $ 88,469 Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,310,172 $ 340,036 $ 22,725 $ 1,672,933 Services 228,975 51,981 14,846 295,802 Total net sales 1,539,147 392,017 37,571 1,968,735 Costs of goods sold: Products 1,187,178 310,279 20,490 1,517,947 Services 107,073 13,558 5,768 126,399 Total costs of goods sold 1,294,251 323,837 26,258 1,644,346 Gross profit 244,896 68,180 11,313 324,389 Operating expenses: Selling and administrative expenses 187,313 48,177 7,090 242,580 Severance and restructuring expenses 4,904 2,093 13 7,010 Acquisition and integration related expenses 611 — — 611 Earnings from operations $ 52,068 $ 17,910 $ 4,210 $ 74,188 Six Months Ended June 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 2,918,806 $ 785,786 $ 77,606 $ 3,782,198 Services 495,604 110,424 34,343 640,371 Total net sales 3,414,410 896,210 111,949 4,422,569 Costs of goods sold: Products 2,642,233 723,734 71,020 3,436,987 Services 239,791 32,912 14,722 287,425 Total costs of goods sold 2,882,024 756,646 85,742 3,724,412 Gross profit 532,386 139,564 26,207 698,157 Operating expenses: Selling and administrative expenses 420,706 109,404 18,167 548,277 Severance and restructuring expenses (6,360 ) 738 9 (5,613 ) Earnings from operations $ 118,040 $ 29,422 $ 8,031 $ 155,493 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 2,743,821 $ 716,087 $ 61,341 $ 3,521,249 Services 469,707 94,816 27,014 591,537 Total net sales 3,213,528 810,903 88,355 4,112,786 Costs of goods sold: Products 2,475,375 656,028 56,782 3,188,185 Services 236,329 27,921 10,626 274,876 Total costs of goods sold 2,711,704 683,949 67,408 3,463,061 Gross profit 501,824 126,954 20,947 649,725 Operating expenses: Selling and administrative expenses 398,516 98,421 14,506 511,443 Severance and restructuring expenses 7,026 2,099 29 9,154 Acquisition-related expenses 1,873 204 — 2,077 Earnings from operations $ 94,409 $ 26,230 $ 6,412 $ 127,051 The following is a summary of our total assets by reportable operating segment (in thousands): June 30, 2021 December 31, 2020 North America $ 4,786,742 $ 4,837,155 EMEA 975,626 735,771 APAC 163,587 155,761 Corporate assets and intercompany eliminations, net (1,258,908 ) (1,417,955 ) Total assets $ 4,667,047 $ 4,310,732 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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Depreciation and amortization of property and equipment: North America $ 4,864 $ 5,826 $ 9,671 $ 11,652 EMEA 1,202 1,249 2,434 2,577 APAC 142 137 284 272 6,208 7,212 12,389 14,501 Amortization of intangible assets: North America 7,440 9,371 14,857 18,864 EMEA 501 534 997 1,040 APAC 127 109 255 218 8,068 10,014 16,109 20,122 Total $ 14,276 $ 17,226 $ 28,498 $ 34,623

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2021
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. We adopted the new standard as of January 1, 2021. The adoption of this new standard did not have a material effect on our consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”. The new guidance is intended to simplify the accounting for certain convertible instruments with characteristics of both liability and equity. The guidance removes certain accounting models which separate the embedded conversion features from the host contract for convertible instruments. As a result, after the adoption of this guidance, an entity’s convertible debt instrument will be wholly accounted for as debt. The guidance also expands disclosure requirements for convertible instruments and simplifies areas of the guidance for diluted earnings-per-share calculations by requiring the use of the if-converted method. The guidance will be effective for fiscal years beginning after December 15, 2021, with early adoption permitted for fiscal years beginning after December 15, 2020 and can be adopted on either a fully retrospective or modified retrospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements; however, we expect our consolidated statements of operations and consolidated balance sheets will be significantly impacted following adoption of this new standard on January 1, 2022, as we will no longer report accreted interest on the Notes and the full par value of the Notes will be reflected as debt. 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, 2020 that affect or may affect our current financial statements.

Receivables, Contract Liabili_2

Receivables, Contract Liabilities and Performance Obligations (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Summary of Information about Receivables and Contract Liabilities	The following table provides information about receivables and contract liabilities as of June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, 2021 2020 Current receivables, which are included in “Accounts receivable, net” $ 3,045,324 $ 2,685,448 Non-current receivables, which are included in “Other assets” 146,227 154,662 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 105,515 107,158
Summary of Changes in Contract Liabilities from Contract with Customers	C hanges in the contract liabilities balances during the six months ended June 30, 2021 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2020 $ 107,158 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (53,771 ) Cash received in advance and not recognized as revenue 52,128 Balances at June 30, 2021 $ 105,515
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 June 30, 2021 that are expected to be recognized in the future (in thousands): Services Remainder of 2021 $ 74,988 2022 56,887 2023 26,030 2024 and thereafter 20,528 Total remaining performance obligations $ 178,433

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Numerator: Net earnings $ 58,561 $ 46,385 $ 101,729 $ 80,346 Denominator: Weighted average shares used to compute basic EPS 35,097 35,060 35,148 35,147 Dilutive potential common shares due to dilutive RSUs, net of tax effect 378 200 420 306 Dilutive potential common shares due to the Notes 1,660 — 1,349 — Weighted average shares used to compute diluted EPS 37,135 35,260 36,917 35,453 Net earnings per share: Basic $ 1.67 $ 1.32 $ 2.89 $ 2.29 Diluted $ 1.58 $ 1.32 $ 2.76 $ 2.27

Debt, Inventory Financing Fac_2

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): June 30, 2021 December 31, 2020 ABL revolving credit facility $ 180,000 $ 140,000 Convertible senior notes due 2025 302,415 296,419 Finance leases and other financing obligations 1,487 2,267 Total 483,902 438,686 Less: current portion of long-term debt (650 ) (1,105 ) Long-term debt $ 483,252 $ 437,581
Schedule of Convertible Senior Notes Balances	The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): June 30, 2021 December 31, 2020 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (47,585 ) (53,581 ) Net carrying amount $ 302,415 $ 296,419 Equity, net of deferred tax $ 44,731 $ 44,731

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [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 their related geographies, as well as by major product offering, by major client group and by recognition on either a gross basis as a principal in the arrangement, or on a net basis as an agent, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,168,770 $ 170,406 $ 11,768 $ 1,350,944 Software 331,809 184,986 21,439 $ 538,234 Services 259,050 61,982 19,291 $ 340,323 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Major Client Groups Large Enterprise / Corporate $ 1,219,953 $ 297,677 $ 25,663 $ 1,543,293 Commercial 362,744 17,166 16,110 396,020 Public Sector 176,932 102,531 10,725 290,188 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,661,386 $ 380,325 $ 44,835 $ 2,086,546 Net revenue recognition (Agent) 98,243 37,049 7,663 142,955 $ 1,759,629 $ 417,374 $ 52,498 $ 2,229,501 Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,023,970 $ 153,255 $ 6,834 $ 1,184,059 Software 286,202 186,781 15,891 488,874 Services 228,975 51,981 14,846 295,802 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Major Client Groups Large Enterprise / Corporate $ 1,023,562 $ 273,147 $ 16,102 $ 1,312,811 Commercial 332,384 13,178 15,562 361,124 Public Sector 183,201 105,692 5,907 294,800 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,451,922 $ 359,206 $ 31,063 $ 1,842,191 Net revenue recognition (Agent) 87,225 32,811 6,508 126,544 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Six Months Ended June 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,278,259 $ 366,377 $ 21,333 $ 2,665,969 Software 640,547 419,409 56,273 $ 1,116,229 Services 495,604 110,424 34,343 $ 640,371 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Major Client Groups Large Enterprise / Corporate $ 2,391,381 $ 606,752 $ 44,739 $ 3,042,872 Commercial 706,789 37,699 28,777 773,265 Public Sector 316,240 251,759 38,433 606,432 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,231,027 $ 831,302 $ 97,698 $ 4,160,027 Net revenue recognition (Agent) 183,383 64,908 14,251 262,542 $ 3,414,410 $ 896,210 $ 111,949 $ 4,422,569 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,152,456 $ 328,224 $ 14,580 $ 2,495,260 Software 591,365 387,863 46,761 1,025,989 Services 469,707 94,816 27,014 591,537 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Major Client Groups Large Enterprise / Corporate $ 2,184,310 $ 565,435 $ 29,127 $ 2,778,872 Commercial 718,460 30,920 29,216 778,596 Public Sector 310,758 214,548 30,012 555,318 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,052,436 $ 751,465 $ 76,817 $ 3,880,718 Net revenue recognition (Agent) 161,092 59,438 11,538 232,068 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786
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 June 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 1,500,579 $ 355,392 $ 33,207 $ 1,889,178 Services 259,050 61,982 19,291 340,323 Total net sales 1,759,629 417,374 52,498 2,229,501 Costs of goods sold: Products 1,358,357 327,550 29,822 1,715,729 Services 122,375 16,295 8,419 147,089 Total costs of goods sold 1,480,732 343,845 38,241 1,862,818 Gross profit 278,897 73,529 14,257 366,683 Operating expenses: Selling and administrative expenses 213,900 53,957 9,230 277,087 Severance and restructuring expenses 878 240 9 1,127 Earnings from operations $ 64,119 $ 19,332 $ 5,018 $ 88,469 Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,310,172 $ 340,036 $ 22,725 $ 1,672,933 Services 228,975 51,981 14,846 295,802 Total net sales 1,539,147 392,017 37,571 1,968,735 Costs of goods sold: Products 1,187,178 310,279 20,490 1,517,947 Services 107,073 13,558 5,768 126,399 Total costs of goods sold 1,294,251 323,837 26,258 1,644,346 Gross profit 244,896 68,180 11,313 324,389 Operating expenses: Selling and administrative expenses 187,313 48,177 7,090 242,580 Severance and restructuring expenses 4,904 2,093 13 7,010 Acquisition and integration related expenses 611 — — 611 Earnings from operations $ 52,068 $ 17,910 $ 4,210 $ 74,188 Six Months Ended June 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 2,918,806 $ 785,786 $ 77,606 $ 3,782,198 Services 495,604 110,424 34,343 640,371 Total net sales 3,414,410 896,210 111,949 4,422,569 Costs of goods sold: Products 2,642,233 723,734 71,020 3,436,987 Services 239,791 32,912 14,722 287,425 Total costs of goods sold 2,882,024 756,646 85,742 3,724,412 Gross profit 532,386 139,564 26,207 698,157 Operating expenses: Selling and administrative expenses 420,706 109,404 18,167 548,277 Severance and restructuring expenses (6,360 ) 738 9 (5,613 ) Earnings from operations $ 118,040 $ 29,422 $ 8,031 $ 155,493 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 2,743,821 $ 716,087 $ 61,341 $ 3,521,249 Services 469,707 94,816 27,014 591,537 Total net sales 3,213,528 810,903 88,355 4,112,786 Costs of goods sold: Products 2,475,375 656,028 56,782 3,188,185 Services 236,329 27,921 10,626 274,876 Total costs of goods sold 2,711,704 683,949 67,408 3,463,061 Gross profit 501,824 126,954 20,947 649,725 Operating expenses: Selling and administrative expenses 398,516 98,421 14,506 511,443 Severance and restructuring expenses 7,026 2,099 29 9,154 Acquisition-related expenses 1,873 204 — 2,077 Earnings from operations $ 94,409 $ 26,230 $ 6,412 $ 127,051
Summary of Total Assets by Reportable Operating Segment	The following is a summary of our total assets by reportable operating segment (in thousands): June 30, 2021 December 31, 2020 North America $ 4,786,742 $ 4,837,155 EMEA 975,626 735,771 APAC 163,587 155,761 Corporate assets and intercompany eliminations, net (1,258,908 ) (1,417,955 ) Total assets $ 4,667,047 $ 4,310,732
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Depreciation and amortization of property and equipment: North America $ 4,864 $ 5,826 $ 9,671 $ 11,652 EMEA 1,202 1,249 2,434 2,577 APAC 142 137 284 272 6,208 7,212 12,389 14,501 Amortization of intangible assets: North America 7,440 9,371 14,857 18,864 EMEA 501 534 997 1,040 APAC 127 109 255 218 8,068 10,014 16,109 20,122 Total $ 14,276 $ 17,226 $ 28,498 $ 34,623

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Standards - Additional Information (Detail) - Segment	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of operating segments	3	3

Receivables, Contract Liabili_3

Receivables, Contract Liabilities and Performance Obligations - Summary of Information about Receivables and Contract Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	$ 3,045,324	$ 2,685,448
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	105,515	107,158
Accounts Receivable, Net [Member]
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	3,045,324	2,685,448
Other Assets [Member]
Disaggregation of Revenue [Line Items]
Non-current receivables, which are included in “Other assets”	146,227	154,662
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”	$ 105,515	$ 107,158

Receivables, Contract Liabili_4

Receivables, Contract Liabilities and Performance Obligations - Summary of Changes in Contract Liabilities from Contract with Customers (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Revenue From Contract With Customer [Abstract]
Beginning balance, Contract Liabilities	$ 107,158
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied, Contract Liabilities	(53,771)
Cash received in advance and not recognized as revenue, Contract Liabilities	52,128
Ending balance, Contract Liabilities	$ 105,515

Receivables, Contract Liabili_5

Receivables, Contract Liabilities and Performance Obligations - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Contract with customer, liability, revenue recognized		$ 32,682,000
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	23 months

Receivables, Contract Liabili_6

Receivables, Contract Liabilities and Performance Obligations - Summary of Estimated Net Sales Related to Performance Obligation (Detail) - Services [Member] $ in Thousands	Jun. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 178,433
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 74,988
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 months
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	$ 56,887
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	$ 26,030
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 20,528
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Receivables, Contract Liabili_7

Receivables, Contract Liabilities and Performance Obligations - Summary of Estimated Net Sales Related to Performance Obligation (Detail 1) $ in Thousands	Jun. 30, 2021USD ($)
Services [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 178,433

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021USD ($)Property	Jun. 30, 2020USD ($)
Long Lived Assets Held For Sale [Line Items]
Number of Properties | Property	3
Proceeds from sale of property	$ 27,211,000	$ 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]
Proceeds from sale of property	$ 27,211,000

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net earnings	$ 58,561	$ 46,385	$ 101,729	$ 80,346
Denominator:
Weighted average shares used to compute basic EPS	35,097	35,060	35,148	35,147
Dilutive potential common shares due to dilutive RSUs, net of tax effect	378	200	420	306
Weighted average shares used to compute diluted EPS	37,135	35,260	36,917	35,453
Net earnings per share:
Basic	$ 1.67	$ 1.32	$ 2.89	$ 2.29
Diluted	$ 1.58	$ 1.32	$ 2.76	$ 2.27
Notes [Member]
Denominator:
Dilutive potential common shares due to the Notes	1,660		1,349

Net Earnings Per Share ("EPS"_3

Net Earnings Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
RSUs excluded from the diluted EPS calculations	200	400,000	100	243,000

Debt, Inventory Financing Fac_3

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Long-Term Debt (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Long-term debt
Finance leases and other financing obligations	$ 1,487,000	$ 2,267,000
Total	483,902,000	438,686,000
Less: current portion of long-term debt	(650,000)	(1,105,000)
Long-term debt	483,252,000	437,581,000
ABL Facility [Member]
Long-term debt
Revolving credit facility	180,000,000	140,000,000
Convertible Senior Notes due 2025 [Member]
Long-term debt
Convertible senior notes due 2025	$ 302,415,000	$ 296,419,000

Debt, Inventory Financing Fac_4

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Additional Information (Detail)	Jun. 28, 2021USD ($)	Aug. 31, 2019USD ($)	Jun. 30, 2021USD ($)sharesdNoteholder$ / shares	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 309,316,000	$ 356,930,000
Canada Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity	$ 25,000,000
Inventory financing facility rate if vendor terms not met equal LIBOR plus	4.50%
Convertible Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of notes, issued amount		$ 350,000,000	$ 350,000,000	350,000,000
Notes, maturity date		Feb. 15, 2025
Notes, interest rate		0.75%
Notes, payable term			payable semiannually, in arrears, on February 15th and August 15th of each year.
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
Conversion price per share | $ / shares			$ 88.82
Number of note holders have exercised their rights | Noteholder			0
Repurchase price as percentage of principal amount			100.00%
Shares issuable upon conversion of debt | shares			6,788,208
Notes, remaining accretion period of debt discount and issuance cost			3 years 7 months 15 days
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			180,000,000	$ 140,000,000
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			565,000,000
Accounts payable-inventory financing facility			$ 309,316,000
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 maximum borrowing capacity			$ 250,000,000
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] | EMEA Facilities [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			$ 40,000,000
Inventory financing facility interest rate if balances are not paid within stated vendor terms			LIBOR plus 0.25%
Inventory financing facility rate if vendor terms not met equal LIBOR plus			0.25%

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 ($)	Jun. 30, 2021	Dec. 31, 2020	Aug. 31, 2019
Liability:
Principal	$ 350,000,000	$ 350,000,000	$ 350,000,000
Less: debt discount and issuance costs, net of accumulated accretion	(47,585,000)	(53,581,000)
Net carrying amount	302,415,000	296,419,000
Equity, net of deferred tax	$ 44,731,000	$ 44,731,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax [Line Items]
Effective tax rate	25.40%	26.20%	24.80%	23.80%
United States federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Unrecognized tax benefits	$ 11,486,000		$ 11,486,000		$ 10,546,000
Unrecognized tax benefits, interest on income taxes accrued	$ 870,000		$ 870,000		$ 749,000
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 ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	May 06, 2021	Feb. 26, 2020
Schedule Of Share Repurchase Programs [Line Items]
Common stock repurchase program, authorized amount			$ 125,000,000	$ 50,000,000
Common stock repurchase program, number of shares repurchased	497,243	444,813
Repurchase program, approximate dollar value of shares purchased	$ 49,999,979	$ 24,999,996
Repurchase program, average price paid per share	$ 100.55	$ 56.20
February 2020 Share Repurchase Plan [Member]
Schedule Of Share Repurchase Programs [Line Items]
Common stock repurchase program, authorized remaining amount			$ 25,000,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021
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	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
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 six months ended June 30, 2021 or 2020.

Segment Information - Summary o

Segment Information - Summary of Revenue Disaggregated by Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Disaggregation of Revenue	$ 2,229,501	$ 1,968,735	$ 4,422,569	$ 4,112,786
Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,350,944	1,184,059	2,665,969	2,495,260
Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	538,234	488,874	1,116,229	1,025,989
Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	340,323	295,802	640,371	591,537
Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	2,086,546	1,842,191	4,160,027	3,880,718
Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	142,955	126,544	262,542	232,068
North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,759,629	1,539,147	3,414,410	3,213,528
North America Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,168,770	1,023,970	2,278,259	2,152,456
North America Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	331,809	286,202	640,547	591,365
North America Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	259,050	228,975	495,604	469,707
North America Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,661,386	1,451,922	3,231,027	3,052,436
North America Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	98,243	87,225	183,383	161,092
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	417,374	392,017	896,210	810,903
EMEA Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	170,406	153,255	366,377	328,224
EMEA Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	184,986	186,781	419,409	387,863
EMEA Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	61,982	51,981	110,424	94,816
EMEA Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	380,325	359,206	831,302	751,465
EMEA Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	37,049	32,811	64,908	59,438
APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	52,498	37,571	111,949	88,355
APAC Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	11,768	6,834	21,333	14,580
APAC Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	21,439	15,891	56,273	46,761
APAC Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	19,291	14,846	34,343	27,014
APAC Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	44,835	31,063	97,698	76,817
APAC Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	7,663	6,508	14,251	11,538
Large Enterprise / Corporate [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,543,293	1,312,811	3,042,872	2,778,872
Large Enterprise / Corporate [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,219,953	1,023,562	2,391,381	2,184,310
Large Enterprise / Corporate [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	297,677	273,147	606,752	565,435
Large Enterprise / Corporate [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	25,663	16,102	44,739	29,127
Commercial [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	396,020	361,124	773,265	778,596
Commercial [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	362,744	332,384	706,789	718,460
Commercial [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	17,166	13,178	37,699	30,920
Commercial [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	16,110	15,562	28,777	29,216
Public Sector [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	290,188	294,800	606,432	555,318
Public Sector [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	176,932	183,201	316,240	310,758
Public Sector [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	102,531	105,692	251,759	214,548
Public Sector [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	$ 10,725	$ 5,907	$ 38,433	$ 30,012

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Total net sales	$ 2,229,501	$ 1,968,735	$ 4,422,569	$ 4,112,786
Total costs of goods sold	1,862,818	1,644,346	3,724,412	3,463,061
Gross profit	366,683	324,389	698,157	649,725
Operating expenses:
Selling and administrative expenses	277,087	242,580	548,277	511,443
Severance and restructuring expenses	1,127	7,010	(5,613)	9,154
Acquisition and integration related expenses		611		2,077
Earnings from operations	88,469	74,188	155,493	127,051
Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,889,178	1,672,933	3,782,198	3,521,249
Total costs of goods sold	1,715,729	1,517,947	3,436,987	3,188,185
Services [Member]
Segment Reporting Information [Line Items]
Total net sales	340,323	295,802	640,371	591,537
Total costs of goods sold	147,089	126,399	287,425	274,876
North America Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	1,759,629	1,539,147	3,414,410	3,213,528
Total costs of goods sold	1,480,732	1,294,251	2,882,024	2,711,704
Gross profit	278,897	244,896	532,386	501,824
Operating expenses:
Selling and administrative expenses	213,900	187,313	420,706	398,516
Severance and restructuring expenses	878	4,904	(6,360)	7,026
Acquisition and integration related expenses		611		1,873
Earnings from operations	64,119	52,068	118,040	94,409
North America Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,500,579	1,310,172	2,918,806	2,743,821
Total costs of goods sold	1,358,357	1,187,178	2,642,233	2,475,375
North America Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	259,050	228,975	495,604	469,707
Total costs of goods sold	122,375	107,073	239,791	236,329
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	417,374	392,017	896,210	810,903
Total costs of goods sold	343,845	323,837	756,646	683,949
Gross profit	73,529	68,180	139,564	126,954
Operating expenses:
Selling and administrative expenses	53,957	48,177	109,404	98,421
Severance and restructuring expenses	240	2,093	738	2,099
Acquisition and integration related expenses				204
Earnings from operations	19,332	17,910	29,422	26,230
EMEA Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	355,392	340,036	785,786	716,087
Total costs of goods sold	327,550	310,279	723,734	656,028
EMEA Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	61,982	51,981	110,424	94,816
Total costs of goods sold	16,295	13,558	32,912	27,921
APAC Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	52,498	37,571	111,949	88,355
Total costs of goods sold	38,241	26,258	85,742	67,408
Gross profit	14,257	11,313	26,207	20,947
Operating expenses:
Selling and administrative expenses	9,230	7,090	18,167	14,506
Severance and restructuring expenses	9	13	9	29
Earnings from operations	5,018	4,210	8,031	6,412
APAC Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	33,207	22,725	77,606	61,341
Total costs of goods sold	29,822	20,490	71,020	56,782
APAC Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	19,291	14,846	34,343	27,014
Total costs of goods sold	$ 8,419	$ 5,768	$ 14,722	$ 10,626

Segment Information - Summary_2

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 4,667,047	$ 4,310,732
Operating Segments [Member] | North America Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,786,742	4,837,155
Operating Segments [Member] | EMEA Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	975,626	735,771
Operating Segments [Member] | APAC Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	163,587	155,761
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (1,258,908)	$ (1,417,955)

Segment Information - Pre-Tax D

Segment Information - Pre-Tax Depreciation and Amortization by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	$ 6,208	$ 7,212	$ 12,389	$ 14,501
Amortization of intangible assets	8,068	10,014	16,109	20,122
Depreciation and amortization, total	14,276	17,226	28,498	34,623
North America Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	4,864	5,826	9,671	11,652
Amortization of intangible assets	7,440	9,371	14,857	18,864
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	1,202	1,249	2,434	2,577
Amortization of intangible assets	501	534	997	1,040
APAC Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	142	137	284	272
Amortization of intangible assets	$ 127	$ 109	$ 255	$ 218