Insight Enterprises (NSIT) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
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		34,885,813
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, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 107,350	$ 128,313
Accounts receivable, net of allowance for doubtful accounts of $15,919 and $15,106, respectively	2,754,153	2,685,448
Inventories	269,471	185,650
Other current assets	192,018	177,039
Total current assets	3,322,992	3,176,450
Property and equipment, net of accumulated depreciation and amortization of $247,605 and $256,065, respectively	152,070	146,016
Goodwill	428,637	429,368
Intangible assets, net of accumulated amortization of $102,588 and $103,483, respectively	223,496	246,915
Other assets	308,183	311,983
Total assets	4,435,378	4,310,732
Current liabilities:
Accounts payable—trade	1,363,325	1,461,312
Accounts payable—inventory financing facilities	403,094	356,930
Accrued expenses and other current liabilities	379,302	408,117
Current portion of long-term debt	38	1,105
Total current liabilities	2,145,759	2,227,464
Long-term debt	527,499	437,581
Deferred income taxes	37,140	33,209
Other liabilities	276,058	270,049
Total liabilities	2,986,456	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; 34,885 shares at September 30, 2021 and 35,103 shares at December 31, 2020 issued and outstanding	349	351
Additional paid-in capital	364,699	364,288
Retained earnings	1,105,557	993,245
Accumulated other comprehensive loss – foreign currency translation adjustments	(21,683)	(15,455)
Total stockholders’ equity	1,448,922	1,342,429
Total liabilities and stockholders' equity	$ 4,435,378	$ 4,310,732

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 15,919	$ 15,106
Accumulated depreciation and amortization of property and equipment	247,605	256,065
Accumulated amortization of intangible assets	$ 102,588	$ 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	34,885,000	35,103,000
Common stock, shares outstanding	34,885,000	35,103,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Net sales:
Total net sales	$ 2,447,521	$ 1,936,478	$ 6,870,090	$ 6,049,264
Costs of goods sold:
Total costs of goods sold	2,082,976	1,628,915	5,807,388	5,091,976
Gross profit	364,545	307,563	1,062,702	957,288
Operating expenses:
Selling and administrative expenses	278,998	245,155	827,275	756,598
Severance and restructuring expenses, net	2,396	808	(3,217)	9,962
Acquisition and integration related expenses		118		2,195
Earnings from operations	83,151	61,482	238,644	188,533
Non-operating (income) expense:
Interest expense, net	10,332	9,115	29,884	31,160
Other expense (income), net	(1,589)	1,301	(855)	836
Earnings before income taxes	74,408	51,066	209,615	156,537
Income tax expense	18,925	12,160	52,403	37,285
Net earnings	$ 55,483	$ 38,906	$ 157,212	$ 119,252
Net earnings per share:
Basic	$ 1.59	$ 1.11	$ 4.49	$ 3.40
Diluted	$ 1.51	$ 1.10	$ 4.27	$ 3.37
Shares used in per share calculations:
Basic	34,855	35,077	35,050	35,123
Diluted	36,745	35,348	36,860	35,418
Products [Member]
Net sales:
Total net sales	$ 2,124,239	$ 1,661,568	$ 5,906,437	$ 5,182,817
Costs of goods sold:
Total costs of goods sold	1,930,096	1,500,312	5,367,083	4,688,497
Services [Member]
Net sales:
Total net sales	323,282	274,910	963,653	866,447
Costs of goods sold:
Total costs of goods sold	$ 152,880	$ 128,603	$ 440,305	$ 403,479

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 55,483	$ 38,906	$ 157,212	$ 119,252
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(11,676)	12,492	(6,228)	2,280
Total comprehensive income	$ 43,807	$ 51,398	$ 150,984	$ 121,532

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	(5,713)	$ 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, Amount	(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
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	(8,441)	$ 3		(8,444)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		279
Stock-based compensation expense	13,950			13,950
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	(6,228)				(6,228)
Net earnings	157,212					157,212
Ending Balance at Sep. 30, 2021	1,448,922	$ 349		364,699	(21,683)	1,105,557
Ending Balance, Shares at Sep. 30, 2021		34,885
Beginning Balance at Jun. 30, 2021	1,401,827	$ 348		361,412	(10,007)	1,050,074
Beginning Balance, Shares at Jun. 30, 2021		34,845
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(1,287)	$ 1		(1,288)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		40
Stock-based compensation expense	4,575			4,575
Foreign currency translation adjustments, net of tax	(11,676)				(11,676)
Net earnings	55,483					55,483
Ending Balance at Sep. 30, 2021	$ 1,448,922	$ 349		$ 364,699	$ (21,683)	$ 1,105,557
Ending Balance, Shares at Sep. 30, 2021		34,885

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net earnings	$ 157,212	$ 119,252
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization	42,151	51,375
Provision for losses on accounts receivable	5,781	8,093
Non-cash stock-based compensation	13,950	11,754
Deferred income taxes	3,374	(2,883)
Amortization of debt discount	12,615	12,091
Other adjustments	(4,753)	4,087
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	(85,853)	247,659
(Increase) decrease in inventories	(88,119)	28,002
(Increase) decrease in other assets	(20,844)	19,643
Decrease in accounts payable	(119,525)	(4,842)
Decrease in accrued expenses and other liabilities	(33,777)	(32,137)
Net cash (used in) provided by operating activities	(117,788)	462,094
Cash flows from investing activities:
Proceeds from sale of assets	29,221	14,218
Purchases of property and equipment	(28,011)	(20,688)
Acquisitions, net of cash and cash equivalents acquired		(6,405)
Net cash provided by (used in) investing activities	1,210	(12,875)
Cash flows from financing activities:
Net borrowings under inventory financing facilities	76,422	114,321
Repurchases of common stock	(50,000)	(25,000)
Other payments	(9,330)	(7,520)
Net cash provided by (used in) financing activities	99,092	(489,087)
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances	(3,601)	718
Decrease in cash, cash equivalents and restricted cash	(21,087)	(39,150)
Cash, cash equivalents and restricted cash at beginning of period	130,582	116,297
Cash, cash equivalents and restricted cash at end of period	109,495	77,147
ABL Facility [Member]
Cash flows from financing activities:
Borrowings on senior revolving credit facility	3,167,044	2,111,674
Repayments on senior revolving credit facility	$ (3,085,044)	$ (2,682,562)

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	9 Months Ended
	Sep. 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 September 30, 2021 and our results of operations for the three and nine months ended September 30, 2021 and 2020 and cash flows for the nine months ended September 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	9 Months Ended
	Sep. 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 September 30, 2021 and December 31, 2020 (in thousands): September 30, December 31, 2021 2020 Current receivables, which are included in “Accounts receivable, net” $ 2,754,153 $ 2,685,448 Non-current receivables, which are included in “Other assets” 153,751 154,662 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 109,401 107,158 C hanges in the contract liabilities balances during the nine months ended September 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 (67,166 ) Cash received in advance and not recognized as revenue 69,409 Balances at September 30, 2021 $ 109,401 During the nine months ended September 30, 2020, the Company recognized revenue of $53,454,000 related to its contract liabilities. The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2021 that are expected to be recognized in the future (in thousands): Services Remainder of 2021 $ 51,731 2022 91,440 2023 38,271 2024 and thereafter 33,770 Total remaining performance obligations $ 215,212 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, 2021
Property Plant And Equipment Assets Held For Sale Disclosure [Abstract]
Assets Held For Sale	3. Assets Held for Sale During the nine months ended September 30, 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 nine months ended September 30, 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, 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net earnings $ 55,483 $ 38,906 $ 157,212 $ 119,252 Denominator: Weighted average shares used to compute basic EPS 34,855 35,077 35,050 35,123 Dilutive potential common shares due to dilutive RSUs, net of tax effect 381 271 407 295 Dilutive potential common shares due to the Notes 1,509 — 1,403 — Weighted average shares used to compute diluted EPS 36,745 35,348 36,860 35,418 Net earnings per share: Basic $ 1.59 $ 1.11 $ 4.49 $ 3.40 Diluted $ 1.51 $ 1.10 $ 4.27 $ 3.37 For the three and nine months ended September 30, 2021, 900 and 400, respectively, of our RSUs were excluded from the diluted EPS calculations. Certain potential outstanding shares from the warrants relating to the Call Spread Transactions were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2020, 3,000 and 163,000, respectively, of our RSUs and certain potential outstanding shares from the Notes and warrants were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

Debt, Inventory Financing Facil

Debt, Inventory Financing Facility, Finance Leases and Other Financing Obligations	9 Months Ended
	Sep. 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): September 30, 2021 December 31, 2020 ABL revolving credit facility $ 222,000 $ 140,000 Convertible senior notes due 2025 305,463 296,419 Finance leases and other financing obligations 74 2,267 Total 527,537 438,686 Less: current portion of long-term debt (38 ) (1,105 ) Long-term debt $ 527,499 $ 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 September 30, 2021, eligible accounts receivable and inventory were sufficient to permit access to the full $1,200,000,000 facility amount, of which $222,000,000 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 third quarter of 2021 making the notes convertible at the option of the holders through December 31, 2021. 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 September 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 September 30, 2021, no such events have occurred. The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, 2021 December 31, 2020 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (44,537 ) (53,581 ) Net carrying amount $ 305,463 $ 296,419 Equity, net of deferred tax $ 44,731 $ 44,731 The remaining life of the debt discount and issuance cost accretion is approximately 3.375 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 nine months ended September 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. On August 6, 2021, we increased our maximum availability for vendor purchases under our unsecured inventory financing facility with MUFG Bank Ltd (“MUFG”) from $250,000,000 to $280,000,000. Additionally, we increased our maximum availability under our unsecured inventory financing facility with PNC Bank, N.A. (“PNC”) to $300,000,000, including the $25,000,000 facility in Canada. In addition, we have a $40,000,000 unsecured inventory financing facility in EMEA. 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. As of September 30, 2021, our combined inventory financing facilities had a total maximum capacity of $620,000,000, of which $403,094,000 was outstanding.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	6 . Income Taxes Our effective tax rate for the three and nine months ended September 30, 2021 was 25.4% and 25.0%, respectively. For the three months ended September 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 nine months ended September 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 both the three and nine months ended September 30, 2020 was 23.8%. For the three months ended September 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 and the beneficial impact of certain income tax regulations issued during the quarter. For the nine months ended September 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 September 30, 2021 and December 31, 2020, we had approximately $11,579,000 and $10,546,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $ and $ , respectively, relate d 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	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 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 nine months ended September 30, 2021 and 2020 were retired .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 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 September 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended September 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,418,335 $ 160,645 $ 13,515 $ 1,592,495 Software 338,440 178,868 14,436 $ 531,744 Services 263,101 41,935 18,246 $ 323,282 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 Major Client Groups Large Enterprise / Corporate $ 1,447,246 $ 276,292 $ 21,947 $ 1,745,485 Commercial 384,458 13,209 17,277 414,944 Public Sector 188,172 91,947 6,973 287,092 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,926,059 $ 358,981 $ 39,849 $ 2,324,889 Net revenue recognition (Agent) 93,817 22,467 6,348 122,632 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 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 Commercial 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 Nine Months Ended September 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,696,594 $ 527,022 $ 34,848 $ 4,258,464 Software 978,987 598,277 70,709 $ 1,647,973 Services 758,705 152,359 52,589 $ 963,653 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 Major Client Groups Large Enterprise / Corporate $ 3,838,627 $ 883,044 $ 66,686 $ 4,788,357 Commercial 1,091,247 50,908 46,054 1,188,209 Public Sector 504,412 343,706 45,406 893,524 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 5,157,086 $ 1,190,283 $ 137,547 $ 6,484,916 Net revenue recognition (Agent) 277,200 87,375 20,599 385,174 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 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 Commercial 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 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, 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 September 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 1,756,775 $ 339,513 $ 27,951 $ 2,124,239 Services 263,101 41,935 18,246 323,282 Total net sales 2,019,876 381,448 46,197 2,447,521 Costs of goods sold: Products 1,595,184 310,242 24,670 1,930,096 Services 128,710 15,759 8,411 152,880 Total costs of goods sold 1,723,894 326,001 33,081 2,082,976 Gross profit 295,982 55,447 13,116 364,545 Operating expenses: Selling and administrative expenses 219,714 50,062 9,222 278,998 Severance and restructuring expenses 1,999 397 — 2,396 Earnings from operations $ 74,269 $ 4,988 $ 3,894 $ 83,151 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 Nine Months Ended September 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 4,675,581 $ 1,125,299 $ 105,557 $ 5,906,437 Services 758,705 152,359 52,589 963,653 Total net sales 5,434,286 1,277,658 158,146 6,870,090 Costs of goods sold: Products 4,237,417 1,033,976 95,690 5,367,083 Services 368,501 48,671 23,133 440,305 Total costs of goods sold 4,605,918 1,082,647 118,823 5,807,388 Gross profit 828,368 195,011 39,323 1,062,702 Operating expenses: Selling and administrative expenses $ 640,420 $ 159,466 $ 27,389 827,275 Severance and restructuring expenses (4,361 ) 1,135 9 (3,217 ) Earnings from operations $ 192,309 $ 34,410 $ 11,925 $ 238,644 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-related expenses 1,991 204 — 2,195 Earnings from operations $ 148,653 $ 31,073 $ 8,807 $ 188,533 The following is a summary of our total assets by reportable operating segment (in thousands): September 30, 2021 December 31, 2020 North America $ 4,690,727 $ 4,837,155 EMEA 717,883 735,771 APAC 124,908 155,761 Corporate assets and intercompany eliminations, net (1,098,140 ) (1,417,955 ) Total assets $ 4,435,378 $ 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Depreciation and amortization of property and equipment: North America $ 4,376 $ 5,907 $ 14,047 $ 17,559 EMEA 1,141 1,269 3,575 3,846 APAC 148 143 432 415 5,665 7,319 18,054 21,820 Amortization of intangible assets: North America 7,372 8,730 22,229 27,594 EMEA 494 585 1,491 1,625 APAC 122 118 377 336 7,988 9,433 24,097 29,555 Total $ 13,653 $ 16,752 $ 42,151 $ 51,375

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 September 30, 2021 and December 31, 2020 (in thousands): September 30, December 31, 2021 2020 Current receivables, which are included in “Accounts receivable, net” $ 2,754,153 $ 2,685,448 Non-current receivables, which are included in “Other assets” 153,751 154,662 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 109,401 107,158
Summary of Changes in Contract Liabilities from Contract with Customers	C hanges in the contract liabilities balances during the nine months ended September 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 (67,166 ) Cash received in advance and not recognized as revenue 69,409 Balances at September 30, 2021 $ 109,401
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, 2021 that are expected to be recognized in the future (in thousands): Services Remainder of 2021 $ 51,731 2022 91,440 2023 38,271 2024 and thereafter 33,770 Total remaining performance obligations $ 215,212

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Net earnings $ 55,483 $ 38,906 $ 157,212 $ 119,252 Denominator: Weighted average shares used to compute basic EPS 34,855 35,077 35,050 35,123 Dilutive potential common shares due to dilutive RSUs, net of tax effect 381 271 407 295 Dilutive potential common shares due to the Notes 1,509 — 1,403 — Weighted average shares used to compute diluted EPS 36,745 35,348 36,860 35,418 Net earnings per share: Basic $ 1.59 $ 1.11 $ 4.49 $ 3.40 Diluted $ 1.51 $ 1.10 $ 4.27 $ 3.37

Debt, Inventory Financing Fac_2

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): September 30, 2021 December 31, 2020 ABL revolving credit facility $ 222,000 $ 140,000 Convertible senior notes due 2025 305,463 296,419 Finance leases and other financing obligations 74 2,267 Total 527,537 438,686 Less: current portion of long-term debt (38 ) (1,105 ) Long-term debt $ 527,499 $ 437,581
Schedule of Convertible Senior Notes Balances	The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, 2021 December 31, 2020 Liability: Principal $ 350,000 $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (44,537 ) (53,581 ) Net carrying amount $ 305,463 $ 296,419 Equity, net of deferred tax $ 44,731 $ 44,731

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended September 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,418,335 $ 160,645 $ 13,515 $ 1,592,495 Software 338,440 178,868 14,436 $ 531,744 Services 263,101 41,935 18,246 $ 323,282 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 Major Client Groups Large Enterprise / Corporate $ 1,447,246 $ 276,292 $ 21,947 $ 1,745,485 Commercial 384,458 13,209 17,277 414,944 Public Sector 188,172 91,947 6,973 287,092 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,926,059 $ 358,981 $ 39,849 $ 2,324,889 Net revenue recognition (Agent) 93,817 22,467 6,348 122,632 $ 2,019,876 $ 381,448 $ 46,197 $ 2,447,521 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 Commercial 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 Nine Months Ended September 30, 2021 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,696,594 $ 527,022 $ 34,848 $ 4,258,464 Software 978,987 598,277 70,709 $ 1,647,973 Services 758,705 152,359 52,589 $ 963,653 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 Major Client Groups Large Enterprise / Corporate $ 3,838,627 $ 883,044 $ 66,686 $ 4,788,357 Commercial 1,091,247 50,908 46,054 1,188,209 Public Sector 504,412 343,706 45,406 893,524 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 5,157,086 $ 1,190,283 $ 137,547 $ 6,484,916 Net revenue recognition (Agent) 277,200 87,375 20,599 385,174 $ 5,434,286 $ 1,277,658 $ 158,146 $ 6,870,090 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 Commercial 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
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, 2021 North America EMEA APAC Consolidated Net sales: Products $ 1,756,775 $ 339,513 $ 27,951 $ 2,124,239 Services 263,101 41,935 18,246 323,282 Total net sales 2,019,876 381,448 46,197 2,447,521 Costs of goods sold: Products 1,595,184 310,242 24,670 1,930,096 Services 128,710 15,759 8,411 152,880 Total costs of goods sold 1,723,894 326,001 33,081 2,082,976 Gross profit 295,982 55,447 13,116 364,545 Operating expenses: Selling and administrative expenses 219,714 50,062 9,222 278,998 Severance and restructuring expenses 1,999 397 — 2,396 Earnings from operations $ 74,269 $ 4,988 $ 3,894 $ 83,151 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 Nine Months Ended September 30, 2021 North America EMEA APAC Consolidated Net sales: Products $ 4,675,581 $ 1,125,299 $ 105,557 $ 5,906,437 Services 758,705 152,359 52,589 963,653 Total net sales 5,434,286 1,277,658 158,146 6,870,090 Costs of goods sold: Products 4,237,417 1,033,976 95,690 5,367,083 Services 368,501 48,671 23,133 440,305 Total costs of goods sold 4,605,918 1,082,647 118,823 5,807,388 Gross profit 828,368 195,011 39,323 1,062,702 Operating expenses: Selling and administrative expenses $ 640,420 $ 159,466 $ 27,389 827,275 Severance and restructuring expenses (4,361 ) 1,135 9 (3,217 ) Earnings from operations $ 192,309 $ 34,410 $ 11,925 $ 238,644 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-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, 2021 December 31, 2020 North America $ 4,690,727 $ 4,837,155 EMEA 717,883 735,771 APAC 124,908 155,761 Corporate assets and intercompany eliminations, net (1,098,140 ) (1,417,955 ) Total assets $ 4,435,378 $ 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Depreciation and amortization of property and equipment: North America $ 4,376 $ 5,907 $ 14,047 $ 17,559 EMEA 1,141 1,269 3,575 3,846 APAC 148 143 432 415 5,665 7,319 18,054 21,820 Amortization of intangible assets: North America 7,372 8,730 22,229 27,594 EMEA 494 585 1,491 1,625 APAC 122 118 377 336 7,988 9,433 24,097 29,555 Total $ 13,653 $ 16,752 $ 42,151 $ 51,375

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, 2021	Sep. 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	Sep. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	$ 2,754,153	$ 2,685,448
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	109,401	107,158
Accounts Receivable, Net [Member]
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	2,754,153	2,685,448
Other Assets [Member]
Disaggregation of Revenue [Line Items]
Non-current receivables, which are included in “Other assets”	153,751	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”	$ 109,401	$ 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	9 Months Ended
	Sep. 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	(67,166)
Cash received in advance and not recognized as revenue, Contract Liabilities	69,409
Ending balance, Contract Liabilities	$ 109,401

Receivables, Contract Liabili_5

Receivables, Contract Liabilities and Performance Obligations - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Contract with customer, liability, revenue recognized		$ 53,454,000
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	22 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	Sep. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 215,212
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 51,731
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 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	$ 91,440
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	$ 38,271
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	$ 33,770
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	Sep. 30, 2021USD ($)
Services [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 215,212

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2021USD ($)Property	Sep. 30, 2020USD ($)
Long Lived Assets Held For Sale [Line Items]
Number of Properties | Property	3
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net earnings	$ 55,483	$ 38,906	$ 157,212	$ 119,252
Denominator:
Weighted average shares used to compute basic EPS	34,855	35,077	35,050	35,123
Dilutive potential common shares due to dilutive RSUs, net of tax effect	381	271	407	295
Weighted average shares used to compute diluted EPS	36,745	35,348	36,860	35,418
Net earnings per share:
Basic	$ 1.59	$ 1.11	$ 4.49	$ 3.40
Diluted	$ 1.51	$ 1.10	$ 4.27	$ 3.37
Notes [Member]
Denominator:
Dilutive potential common shares due to the Notes	1,509		1,403

Net Earnings Per Share ("EPS"_3

Net Earnings Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 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	900	3,000	400	163,000

Debt, Inventory Financing Fac_3

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Long-Term Debt (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Long-term debt
Finance leases and other financing obligations	$ 74,000	$ 2,267,000
Total	527,537,000	438,686,000
Less: current portion of long-term debt	(38,000)	(1,105,000)
Long-term debt	527,499,000	437,581,000
ABL Facility [Member]
Long-term debt
Revolving credit facility	222,000,000	140,000,000
Convertible Senior Notes due 2025 [Member]
Long-term debt
Convertible senior notes due 2025	$ 305,463,000	$ 296,419,000

Debt, Inventory Financing Fac_4

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Additional Information (Detail)	Jun. 28, 2021USD ($)	Aug. 31, 2019USD ($)	Sep. 30, 2021USD ($)sharesdNoteholder$ / shares	Aug. 06, 2021USD ($)	Aug. 05, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 403,094,000			$ 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 4 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			222,000,000			$ 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			620,000,000
Accounts payable-inventory financing facility			$ 403,094,000
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] | Canada Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity	$ 25,000,000
Unsecured Inventory Financing Facility [Member] | PNC Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity				$ 300,000,000
Unsecured Inventory Financing Facility [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity				280,000,000,000	$ 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 ($)	Sep. 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	(44,537,000)	(53,581,000)
Net carrying amount	305,463,000	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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Tax [Line Items]
Effective tax rate	25.40%	23.80%	25.00%	23.80%
United States federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Unrecognized tax benefits	$ 11,579,000		$ 11,579,000		$ 10,546,000
Unrecognized tax benefits, interest on income taxes accrued	$ 878,000		$ 878,000		$ 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 ($)	9 Months Ended
	Sep. 30, 2021	Sep. 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)	9 Months Ended
	Sep. 30, 2021
Minimum [Member]
Commitments And Contingencies [Line Items]
Number of months of salary paid as severance	3 months
Maximum [Member]
Commitments And Contingencies [Line Items]
Number of months of salary paid as severance	24 months

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 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 nine months ended September 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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Disaggregation of Revenue	$ 2,447,521	$ 1,936,478	$ 6,870,090	$ 6,049,264
Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,592,495	1,173,151	4,258,464	3,668,411
Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	531,744	488,417	1,647,973	1,514,406
Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	323,282	274,910	963,653	866,447
Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	2,324,889	1,829,417	6,484,916	5,710,135
Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	122,632	107,061	385,174	339,129
North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	2,019,876	1,558,168	5,434,286	4,771,696
North America Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,418,335	1,028,045	3,696,594	3,180,501
North America Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	338,440	306,925	978,987	898,290
North America Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	263,101	223,198	758,705	692,905
North America Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,926,059	1,477,716	5,157,086	4,530,152
North America Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	93,817	80,452	277,200	241,544
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	381,448	341,280	1,277,658	1,152,183
EMEA Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	160,645	138,685	527,022	466,909
EMEA Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	178,868	165,301	598,277	553,164
EMEA Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	41,935	37,294	152,359	132,110
EMEA Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	358,981	320,445	1,190,283	1,071,910
EMEA Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	22,467	20,835	87,375	80,273
APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	46,197	37,030	158,146	125,385
APAC Segment [Member] | Hardware Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	13,515	6,421	34,848	21,001
APAC Segment [Member] | Software Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	14,436	16,191	70,709	62,952
APAC Segment [Member] | Services Net Sales [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	18,246	14,418	52,589	41,432
APAC Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	39,849	31,256	137,547	108,073
APAC Segment [Member] | Net Revenue Recognition (Agent) [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	6,348	5,774	20,599	17,312
Large Enterprise / Corporate [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,745,485	1,301,644	4,788,357	4,080,516
Large Enterprise / Corporate [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	1,447,246	1,043,303	3,838,627	3,227,613
Large Enterprise / Corporate [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	276,292	242,925	883,044	808,360
Large Enterprise / Corporate [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	21,947	15,416	66,686	44,543
Commercial [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	414,944	341,924	1,188,209	1,120,520
Commercial [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	384,458	312,080	1,091,247	1,030,540
Commercial [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	13,209	13,647	50,908	44,567
Commercial [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	17,277	16,197	46,054	45,413
Public Sector [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	287,092	292,910	893,524	848,228
Public Sector [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	188,172	202,785	504,412	513,543
Public Sector [Member] | EMEA Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	91,947	84,708	343,706	299,256
Public Sector [Member] | APAC Segment [Member]
Segment Reporting Information [Line Items]
Disaggregation of Revenue	$ 6,973	$ 5,417	$ 45,406	$ 35,429

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Total net sales	$ 2,447,521	$ 1,936,478	$ 6,870,090	$ 6,049,264
Total costs of goods sold	2,082,976	1,628,915	5,807,388	5,091,976
Gross profit	364,545	307,563	1,062,702	957,288
Operating expenses:
Selling and administrative expenses	278,998	245,155	827,275	756,598
Severance and restructuring expenses	2,396	808	(3,217)	9,962
Acquisition and integration related expenses		118		2,195
Earnings from operations	83,151	61,482	238,644	188,533
Products [Member]
Segment Reporting Information [Line Items]
Total net sales	2,124,239	1,661,568	5,906,437	5,182,817
Total costs of goods sold	1,930,096	1,500,312	5,367,083	4,688,497
Services [Member]
Segment Reporting Information [Line Items]
Total net sales	323,282	274,910	963,653	866,447
Total costs of goods sold	152,880	128,603	440,305	403,479
North America Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	2,019,876	1,558,168	5,434,286	4,771,696
Total costs of goods sold	1,723,894	1,311,000	4,605,918	4,022,704
Gross profit	295,982	247,168	828,368	748,992
Operating expenses:
Selling and administrative expenses	219,714	192,033	640,420	590,549
Severance and restructuring expenses	1,999	773	(4,361)	7,799
Acquisition and integration related expenses		118		1,991
Earnings from operations	74,269	54,244	192,309	148,653
North America Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,756,775	1,334,970	4,675,581	4,078,791
Total costs of goods sold	1,595,184	1,202,743	4,237,417	3,678,118
North America Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	263,101	223,198	758,705	692,905
Total costs of goods sold	128,710	108,257	368,501	344,586
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	381,448	341,280	1,277,658	1,152,183
Total costs of goods sold	326,001	290,980	1,082,647	974,929
Gross profit	55,447	50,300	195,011	177,254
Operating expenses:
Selling and administrative expenses	50,062	45,438	159,466	143,859
Severance and restructuring expenses	397	19	1,135	2,118
Acquisition and integration related expenses				204
Earnings from operations	4,988	4,843	34,410	31,073
EMEA Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	339,513	303,986	1,125,299	1,020,073
Total costs of goods sold	310,242	277,025	1,033,976	933,053
EMEA Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	41,935	37,294	152,359	132,110
Total costs of goods sold	15,759	13,955	48,671	41,876
APAC Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	46,197	37,030	158,146	125,385
Total costs of goods sold	33,081	26,935	118,823	94,343
Gross profit	13,116	10,095	39,323	31,042
Operating expenses:
Selling and administrative expenses	9,222	7,684	27,389	22,190
Severance and restructuring expenses		16	9	45
Earnings from operations	3,894	2,395	11,925	8,807
APAC Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	27,951	22,612	105,557	83,953
Total costs of goods sold	24,670	20,544	95,690	77,326
APAC Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	18,246	14,418	52,589	41,432
Total costs of goods sold	$ 8,411	$ 6,391	$ 23,133	$ 17,017

Segment Information - Summary_2

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 4,435,378	$ 4,310,732
Operating Segments [Member] | North America Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,690,727	4,837,155
Operating Segments [Member] | EMEA Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	717,883	735,771
Operating Segments [Member] | APAC Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	124,908	155,761
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (1,098,140)	$ (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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	$ 5,665	$ 7,319	$ 18,054	$ 21,820
Amortization of intangible assets	7,988	9,433	24,097	29,555
Depreciation and amortization, total	13,653	16,752	42,151	51,375
North America Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	4,376	5,907	14,047	17,559
Amortization of intangible assets	7,372	8,730	22,229	27,594
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	1,141	1,269	3,575	3,846
Amortization of intangible assets	494	585	1,491	1,625
APAC Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	148	143	432	415
Amortization of intangible assets	$ 122	$ 118	$ 377	$ 336