Insight Enterprises (NSIT) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	0-25092
Entity Registrant Name	INSIGHT ENTERPRISES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-0766246
Entity Address, Address Line One	2701 E. Insight Way
Entity Address, City or Town	Chandler
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85286
City Area Code	480
Local Phone Number	333-3000
Title of 12(b) Security	Common stock, par value $0.01
Trading Symbol	NSIT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32,576,831
Entity Central Index Key	0000932696
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 244,324	$ 163,637
Accounts receivable, net of allowance for doubtful accounts of $14,295 and $15,161, respectively	3,072,096	3,272,371
Inventories	184,200	265,154
Other current assets	209,628	199,506
Total current assets	3,710,248	3,900,668
Property and equipment, net of accumulated depreciation and amortization of $222,288 and $214,981, respectively	205,511	204,260
Goodwill	559,365	493,033
Intangible assets, net of accumulated amortization of $163,608 and $142,297, respectively	219,963	204,998
Other assets	383,129	309,622
Total assets	5,078,216	5,112,581
Current liabilities:
Accounts payable—trade	1,722,189	1,785,076
Accounts payable—inventory financing facilities	269,207	301,314
Accrued expenses and other current liabilities	394,865	433,789
Current portion of long-term debt	349,058	346,228
Total current liabilities	2,735,319	2,866,407
Long-term debt	323,917	291,672
Deferred income taxes	33,441	32,844
Other liabilities	359,491	283,590
Total liabilities	3,452,168	3,474,513
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued	0	0
Common stock, $0.01 par value, 100,000 shares authorized; 32,577 shares at September 30, 2023 and 34,009 shares at December 31, 2022 issued and outstanding	326	340
Additional paid-in capital	327,251	327,872
Retained earnings	1,357,804	1,368,658
Accumulated other comprehensive loss – foreign currency translation adjustments	(59,333)	(58,802)
Total stockholders’ equity	1,626,048	1,638,068
Total liabilities and stockholders' equity	$ 5,078,216	$ 5,112,581

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 14,295	$ 15,161
Accumulated depreciation and amortization of property and equipment	222,288	214,981
Accumulated amortization of intangible assets	$ 163,608	$ 142,297
Preferred stock, par value ( in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	32,577,000	34,009,000
Common stock, shares outstanding (in shares)	32,577,000	34,009,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net sales:
Total net sales	$ 2,266,286	$ 2,534,354	$ 6,939,829	$ 7,928,581
Costs of goods sold:
Total costs of goods sold	1,857,416	2,135,096	5,706,454	6,712,573
Gross profit	408,870	399,258	1,233,375	1,216,008
Operating expenses:
Selling and administrative expenses	309,793	308,253	938,037	911,894
Severance and restructuring expenses, net	2,923	720	2,955	2,784
Acquisition and integration related expenses	4,292	6	4,449	1,646
Earnings from operations	91,862	90,279	287,934	299,684
Non-operating (income) expense:
Interest expense, net	12,013	11,713	31,766	29,164
Other (income) expense, net	(203)	1,790	489	(741)
Earnings before income taxes	80,052	76,776	255,679	271,261
Income tax expense	19,805	19,460	64,978	68,130
Net earnings	$ 60,247	$ 57,316	$ 190,701	$ 203,131
Net earnings per share:
Basic (in usd per share)	$ 1.85	$ 1.64	$ 5.76	$ 5.80
Diluted (in usd per share)	$ 1.62	$ 1.58	$ 5.13	$ 5.53
Shares used in per share calculations:
Basic (in shares)	32,574	34,952	33,127	35,003
Diluted (in shares)	37,203	36,340	37,149	36,714
Products
Net sales:
Total net sales	$ 1,890,154	$ 2,169,197	$ 5,803,408	$ 6,828,726
Costs of goods sold:
Total costs of goods sold	1,697,543	1,956,679	5,219,720	6,199,783
Gross profit	192,611	212,518	583,688	628,943
Services
Net sales:
Total net sales	376,132	365,157	1,136,421	1,099,855
Costs of goods sold:
Total costs of goods sold	159,873	178,417	486,734	512,790
Gross profit	$ 216,259	$ 186,740	$ 649,687	$ 587,065

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 60,247	$ 57,316	$ 190,701	$ 203,131
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(12,326)	(30,577)	(531)	(49,313)
Total comprehensive income	$ 47,921	$ 26,739	$ 190,170	$ 153,818

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury Stock	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Common stock, beginning balance (in shares) at Dec. 31, 2021			34,897
Treasury stock, beginning balance (in shares) at Dec. 31, 2021				0
Beginning balance at Dec. 31, 2021	$ 1,509,227	$ (26,942)	$ 349	$ 0	$ 368,282	$ (44,731)	$ (27,094)	$ 1,167,690	$ 17,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes (in shares)			201
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes	(6,828)		$ 2		(6,830)
Stock-based compensation expense	16,524				16,524
Repurchase of treasury stock (in shares)				(270)
Repurchase of treasury stock	(25,008)			$ (25,008)
Retirement of treasury stock (in shares)			270	270
Retirement of treasury stock	0		$ (3)	$ 25,008	(2,519)			(22,486)
Foreign currency translation adjustments, net of tax	(49,313)						(49,313)
Net earnings	203,131							203,131
Common stock, ending balance (in shares) at Sep. 30, 2022			34,828
Treasury stock, ending balance (in shares) at Sep. 30, 2022				0
Ending balance at Sep. 30, 2022	1,620,791		$ 348	$ 0	330,726		(76,407)	1,366,124
Common stock, beginning balance (in shares) at Jun. 30, 2022			35,093
Treasury stock, beginning balance (in shares) at Jun. 30, 2022				0
Beginning balance at Jun. 30, 2022	1,613,097		$ 351	$ 0	327,282		(45,830)	1,331,294
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes (in shares)			5
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes	(127)				(127)
Stock-based compensation expense	6,090				6,090
Repurchase of treasury stock (in shares)				(270)
Repurchase of treasury stock	(25,008)			$ (25,008)
Retirement of treasury stock (in shares)			270	270
Retirement of treasury stock	0		$ (3)	$ 25,008	(2,519)			(22,486)
Foreign currency translation adjustments, net of tax	(30,577)						(30,577)
Net earnings	57,316							57,316
Common stock, ending balance (in shares) at Sep. 30, 2022			34,828
Treasury stock, ending balance (in shares) at Sep. 30, 2022				0
Ending balance at Sep. 30, 2022	$ 1,620,791		$ 348	$ 0	330,726		(76,407)	1,366,124
Common stock, beginning balance (in shares) at Dec. 31, 2022	34,009		34,009
Treasury stock, beginning balance (in shares) at Dec. 31, 2022				0
Beginning balance at Dec. 31, 2022	$ 1,638,068		$ 340	$ 0	327,872		(58,802)	1,368,658
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes (in shares)			202
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes	(9,392)		$ 2		(9,394)
Stock-based compensation expense	26,211				26,211
Repurchase of treasury stock (in shares)				(1,634)
Repurchase of treasury stock	(217,108)			$ (217,108)
Retirement of treasury stock (in shares)			1,634	1,634
Retirement of treasury stock	0		$ (16)	$ 217,108	(15,537)			(201,555)
Excise tax on stock repurchases	(1,901)				(1,901)
Foreign currency translation adjustments, net of tax	(531)						(531)
Net earnings	$ 190,701							190,701
Common stock, ending balance (in shares) at Sep. 30, 2023	32,577		32,577
Treasury stock, ending balance (in shares) at Sep. 30, 2023				0
Ending balance at Sep. 30, 2023	$ 1,626,048		$ 326	$ 0	327,251		(59,333)	1,357,804
Common stock, beginning balance (in shares) at Jun. 30, 2023			32,568
Treasury stock, beginning balance (in shares) at Jun. 30, 2023				0
Beginning balance at Jun. 30, 2023	1,568,955		$ 326	$ 0	318,078		(47,007)	1,297,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes (in shares)			9
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes	(388)				(388)
Stock-based compensation expense	9,548				9,548
Excise tax on stock repurchases	13				13
Foreign currency translation adjustments, net of tax	(12,326)						(12,326)	(1)
Net earnings	$ 60,247							60,247
Common stock, ending balance (in shares) at Sep. 30, 2023	32,577		32,577
Treasury stock, ending balance (in shares) at Sep. 30, 2023				0
Ending balance at Sep. 30, 2023	$ 1,626,048		$ 326	$ 0	$ 327,251		$ (59,333)	$ 1,357,804

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net earnings	$ 190,701	$ 203,131
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	44,698	42,204
Provision for losses on accounts receivable	3,754	4,295
Non-cash stock-based compensation	26,211	16,524
Deferred income taxes	(9,062)	(5,554)
Amortization of debt issuance costs	3,649	4,894
Other adjustments	(1,356)	933
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	201,628	(230,049)
Decrease (increase) in inventories	75,124	(51,526)
Increase in other assets	(69,869)	(14,926)
Decrease in accounts payable	(57,882)	(171,257)
Increase (decrease) in accrued expenses and other liabilities	6,146	(4,554)
Net cash provided by (used in) operating activities:	413,742	(205,885)
Cash flows from investing activities:
Proceeds from sale of assets	15,515	1,318
Purchases of property and equipment	(29,070)	(59,270)
Acquisitions, net of cash and cash equivalents acquired	(82,875)	(68,248)
Net cash used in investing activities:	(96,430)	(126,200)
Cash flows from financing activities:
Net (repayments) borrowings under inventory financing facilities	(32,451)	23,017
Repurchases of common stock	(217,108)	(25,008)
Earn out payments	(10,748)	0
Other payments	(9,614)	(12,798)
Net cash (used in) provided by financing activities:	(235,628)	377,505
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances	(1,074)	(12,710)
Increase in cash, cash equivalents and restricted cash	80,610	32,710
Cash, cash equivalents and restricted cash at beginning of period	165,718	105,977
Cash, cash equivalents and restricted cash at end of period	246,328	138,687
ABL Facility
Cash flows from financing activities:
Borrowings on ABL revolving credit facility	3,416,737	3,825,923
Repayments on ABL revolving credit facility	$ (3,382,444)	$ (3,433,629)

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	Basis of Presentation and Recently Issued Accounting Standards We help our clients accelerate their digital journey to modernize their business and maximize the value of technology. We serve these clients in North America; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). As a Fortune 500-ranked solutions integrator, we enable secure, end-to-end digital transformation and meet the needs of our clients through a comprehensive portfolio of solutions, far-reaching partnerships and 35 years of broad IT expertise. We amplify our solutions and services with global scale, local expertise and our e-commerce experience, enabling our clients to realize their digital ambitions at every opportunity. Our company is organized in the following three operating segments, which are primarily defined by their related geographies: 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, 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, 2023 and our results of operations for the three and nine months ended September 30, 2023 and 2022 and cash flows for the nine months ended September 30, 2023 and 2022. The consolidated balance sheet as of December 31, 2022 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, 2022. 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 September 2022, the Financial Accounting Standards Board ("FASB") issued ASU No. 2022-04, “Liabilities - Supplier Finance Programs (Subtopic 405-50)”. This standard is intended to address requests from stakeholders for information about an entity’s use of supplier finance programs and their effect on the entity’s working capital, liquidity, and cash flows. The guidance was effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on roll-forward information requirement, which is effective for fiscal years beginning after December 15, 2023. The Company adopted this standard effective January 1, 2023, with the exception of the roll-forward information requirement. The adoption did not have a material effect on the Company's disclosures. 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, 2022 that affect or may affect our current financial statements.

Receivables, Contract Liabiliti

Receivables, Contract Liabilities and Performance Obligations	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Receivables, Contract Liabilities and Performance Obligations	Receivables, Contract Liabilities and Performance Obligations The following table provides information about receivables and contract liabilities as of September 30, 2023 and December 31, 2022 (in thousands): September 30, December 31, Current receivables, which are included in “Accounts receivable, net” $ 3,072,096 $ 3,272,371 Non-current receivables, which are included in “Other assets” 237,018 161,837 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 109,342 102,057 Changes in the contract liabilities balances during the nine months ended September 30, 2023 are as follows (in thousands): Increase (Decrease) Contract Balances at December 31, 2022 $ 102,057 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (56,429) Cash received in advance and not recognized as revenue 63,714 Balances at September 30, 2023 $ 109,342 During the nine months ended September 30, 2022, the Company recognized revenue of $67,984,000 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, 2023 that are expected to be recognized in the future (in thousands): Services Remainder of 2023 $ 34,034 2024 56,893 2025 21,173 2026 and thereafter 10,205 Total remaining performance obligations $ 122,305 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. Additionally, for our time and material services contracts, whereby we have the right to consideration from a client in an amount that corresponds directly with the value to the client of our performance completed to date, we recognized revenue in the amount to which we have a right to invoice as of September 30, 2023 and do not disclose information about related remaining performance obligations in the table above. Our time and material contracts have an average expected duration of 23 months. The majority of our backlog historically has been and continues to be open cancellable 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 cancellable 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, 2023
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]
Assets Held For Sale	Assets Held for SaleDuring the nine months ended September 30, 2023, we completed the sale of our properties in Montreal, Canada and Sheffield, United Kingdom for total net proceeds of approximately $15,476,000. We recognized a net gain on sale of approximately $6,813,000, reported in severance and restructuring expenses, net. During the nine months ended September 30, 2022, we had no assets held for sale.

Net Earnings Per Share

Net Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Earnings Per Share	Net Earnings Per Share Basic earnings per share ("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 and the warrants relating to the Call Spread Transactions, as applicable. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Numerator: Net earnings $ 60,247 $ 57,316 $ 190,701 $ 203,131 Denominator: Weighted average shares used to compute basic EPS 32,574 34,952 33,127 35,003 Dilutive potential common shares due to dilutive RSUs, net of tax effect 278 201 275 243 Dilutive potential common shares due to the Notes 2,774 1,187 2,533 1,468 Dilutive potential common shares due to the Warrants 1,577 — 1,214 — Weighted average shares used to compute diluted EPS 37,203 36,340 37,149 36,714 Net earnings per share: Basic $ 1.85 $ 1.64 $ 5.76 $ 5.80 Diluted $ 1.62 $ 1.58 $ 5.13 $ 5.53 For the three and nine months ended September 30, 2023, 65,000 and 72,000, respectively, of our RSUs were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2022, 67,000 and 39,000, respectively, of our RSUs were excluded from the diluted EPS calculations and certain potential outstanding shares from the warrants related to the Call Spread Transactions were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

Debt, Inventory Financing Facil

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations	Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations Debt Our long-term debt consists of the following (in thousands): September 30, December 31, ABL revolving credit facility $ 323,906 $ 291,599 Convertible senior notes due 2025 347,541 346,199 Finance leases and other financing obligations 1,528 102 Total 672,975 637,900 Less: current portion of long-term debt (349,058) (346,228) Long-term debt $ 323,917 $ 291,672 On July 22, 2022, we entered into the Third Amendment to the Credit Agreement (as amended, the "credit agreement") to modify our senior secured revolving credit facility (the “ABL facility”), increasing the maximum borrowing amount from $1,200,000,000 to $1,800,000,000, including a maximum borrowing capacity that could be used for borrowing in certain foreign currencies of $350,000,000 and extending the maturity date. 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 $750,000,000, 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 ABL facility now provides for an uncommitted first-in, last-out revolving facility in an aggregate amount of up to $100,000,000 . 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 now matures on July 22, 2027. As of September 30, 2023, eligible accounts receivable and inventory permitted availability to $1,547,321,000 of the full $1,800,000,000 facility amount, of which $323,906,000 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 and August 15 th of each year. The Notes are general unsecured obligations of Insight and are guaranteed on a senior unsecured basis by Insight Direct USA, Inc., a wholly owned subsidiary of Insight. 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 any five days 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. The Notes exceeded the market price trigger of $88.82 in the third quarter of 2023 and as such, the Notes are convertible at the option of the holders through December 31, 2023. The Notes are convertible at the option of the holders at September 30, 2023 and, if converted, we are required to settle the principal amount of the Notes in cash. As such, the Notes balance net of unamortized debt issuance costs is classified as a current liability. If the Notes continue to exceed the market price trigger in future periods, they will remain convertible at the option of the holders, and the principal amount will continue to be classified as current. Upon conversion, we will pay cash equal to the principal amount of the Notes, plus shares of our common stock for any additional amounts due. 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 notes in connection with those events or during the related redemption period in certain circumstances. If we undergo a fundamental change, the holders may require us to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of September 30, 2023, none of the criteria for a fundamental change or a conversion rate adjustment had been met. The maximum number of shares issuable upon conversion, including the effect of a fundamental change and subject to other conversion rate adjustments, would be 6,788,208. The Notes are subject to certain customary events of default and acceleration clauses. As of September 30, 2023, no such events have occurred. The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, December 31, Liability: Principal $ 350,000 $ 350,000 Less: debt issuance costs, net of accumulated amortization (2,459) (3,801) Net carrying amount $ 347,541 $ 346,199 In January 2022, we filed an irrevocable settlement election notice with the note holders to inform them of our election to settle the principal amount of the Notes in cash. As a result of this election, at period ends where the market price, or other conversion triggers are met, the Notes will be classified in our consolidated balance sheet as current. The remaining life of the debt issuance cost accretion is approximately 1.37 years. The effective interest rate on the principal of the Notes is 0.75%. Interest expense resulting from the Notes reported within the consolidated statement of operations for the three and nine months ended September 30, 2023 and 2022 is made up of contractual coupon interest and amortization of debt issuance costs. In September 2023, an individual Note holder exercised their option to convert their Notes in the aggregate principal amount of $16,895,000, which will be settled in January 2024. As a result, the principal amount of the Notes will be settled in cash with additional amounts due being settled in shares of our common stock. Convertible Note Hedge and Warrant Transaction In connection and concurrent 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 We have an unsecured inventory financing facility with MUFG Bank Ltd (“MUFG”) for $280,000,000. During 2022, we increased our maximum availability under our unsecured inventory financing facility with PNC Bank, N.A. (“PNC”) from $300,000,000 to $375,000,000, including the $25,000,000 facility in Canada (the "Canada facility"). We also increased our unsecured inventory financing facility with Wells Fargo in EMEA (the "EMEA facility") to $50,000,000. The inventory financing facilities will remain in effect until they are terminated by any of the parties. In the second quarter of 2023, the Company transitioned the reference rate for invoices issued in U.S. Dollars under the PNC facility from LIBOR to the Term Secured Overnight Financing Rate ("Term SOFR") benchmark provisions. If balances are not paid within stated vendor terms (typically 60 days), they will accrue interest at prime plus 2.00% on the MUFG facility, Canadian Dollar Offered Rate plus 4.50% on the Canada facility and Term SOFR, EURIBOR, or SONIA, as applicable, plus 4.50% and 0.25% on the PNC (other than the Canada facility) and EMEA facilities, respectively. Amounts outstanding under these facilities are classified separately as accounts payable – inventory financing facilities in the accompanying consolidated balance sheets and within cash flows from financing activities in the accompanying consolidated statements of cash flows.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rates for the three and nine months ended September 30, 2023 were 24.7% and 25.4%, respectively. For the three months ended September 30, 2023, 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 release of reserves for uncertain tax positions whose statute expired during the quarter. For the nine months ended September 30, 2023, 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 rates for the three and nine months ended September 30, 2022 were 25.3% and 25.1%, respectively. Our effective tax rates were 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. As of September 30, 2023 and December 31, 2022, we had approximately $13,387,000 and $14,814,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $1,640,000 and $1,642,000, respectively, related to accrued interest. In the future, if recognized, the remaining liability associated with uncertain tax positions could 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 2016 through 2021. 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, 2023
Equity [Abstract]
Share Repurchase Program	Share Repurchase Program On September 19, 2022, we announced that our Board of Directors had authorized the repurchase of up to $300,000,000 of our common stock, including $50,000,000 that remained available from the prior authorization. On May 18, 2023, we announced that our Board of Directors authorized the repurchase of up to $300,000,000 of our common stock, including $100,000,000 that remained available from the prior authorization. As of September 30, 2023, approximately $200,020,373 remained available for repurchases under our share repurchase plan. Our share repurchases may be made on the open market, subject to Rule 10b-18 or in privately negotiated transactions, through block trades, through 10b5-1 plans or otherwise, at management’s discretion. The amount of shares purchased and the timing of the purchases will be based on market conditions, working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. During the three months ended September 30, 2023, we did not repurchase any shares of our common stock. During the three months ended September 30, 2022, we repurchased 270,080 shares of our common stock on the open market at a total cost of $25,008,025 (an average price of $92.59 per share).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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. As of September 30, 2023, we had approximately $27,742,939 of performance bonds outstanding. 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, 2023. Accordingly, we have not accrued any liabilities related to such performance bonds in our consolidated financial statements. The Company has a minimum required purchase commitment of approximately $100,467,000 pursuant to an agreement primarily related to cloud services. The total purchase commitment is required to be met or exceeded during a 5-year period, starting October 1, 2023 through September 30, 2028. If total purchases do not meet the required commitment by September 30, 2028, the shortfall must be prepaid by the Company and can be used for further purchases through September 30, 2029. The Company has a minimum required purchase commitment of approximately $40,000,000 pursuant to an agreement primarily related to software as a service. The total purchase commitment is required to be met during a 4-year period, starting November 30, 2022 through November 29, 2026. 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 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, 2023. 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 assumed responsibility for various litigation matters related to PCM’s acquisition of certain assets of En Pointe Technologies in 2015 (the “PCM Earnout Litigation”). The seller of En Pointe Technologies and related entities providing various post-closing support functions to PCM 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 rejected and vigorously responded to those claims and pursued various counterclaims. The PCM Earnout Litigation was being heard by multiple courts and arbitrators in several different jurisdictions including California, Delaware and Pakistan. In May 2023, the Company settled all claims related to the PCM Earnout Litigation and the parties began the process of dismissing each of the related claims and counterclaims in the various courts and jurisdictions. On July 14, 2023, the Company funded an escrow pursuant to which $10,550,000 would be paid to the plaintiffs over a period of 36 months beginning after all of the cases have been dismissed. The full amount of the settlement payment had been previously reserved. The Company is not involved in any pending or threatened legal proceedings, including the PCM Earnout Litigation, 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, 2023
Segment Reporting [Abstract]
Segment Information	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, 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, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,153,722 $ 136,567 $ 10,866 $ 1,301,155 Software 409,139 163,918 15,942 588,999 Services 298,011 53,911 24,210 376,132 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Major Client Groups Large Enterprise / Corporate $ 1,311,849 $ 270,355 $ 21,388 $ 1,603,592 Commercial 342,585 4,340 18,867 365,792 Public Sector 206,438 79,701 10,763 296,902 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,738,705 $ 330,505 $ 42,908 $ 2,112,118 Net revenue recognition (Agent) 122,167 23,891 8,110 154,168 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Three Months Ended September 30, 2022 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,404,207 $ 151,505 $ 16,563 $ 1,572,275 Software 396,921 184,361 15,640 596,922 Services 298,709 43,708 22,740 365,157 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Major Client Groups Large Enterprise / Corporate $ 1,473,014 $ 295,565 $ 25,075 $ 1,793,654 Commercial 424,600 11,898 18,048 454,546 Public Sector 202,223 72,111 11,820 286,154 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,990,277 $ 358,697 $ 46,763 $ 2,395,737 Net revenue recognition (Agent) 109,560 20,877 8,180 138,617 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Nine Months Ended September 30, 2023 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,474,488 $ 431,677 $ 34,108 $ 3,940,273 Software 1,221,263 574,539 67,333 1,863,135 Services 896,251 166,910 73,260 1,136,421 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Major Client Groups Large Enterprise / Corporate $ 3,927,258 $ 868,937 $ 69,639 $ 4,865,834 Commercial 1,074,360 12,739 54,030 1,141,129 Public Sector 590,384 291,450 51,032 932,866 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 5,231,815 $ 1,083,933 $ 147,422 $ 6,463,170 Net revenue recognition (Agent) 360,187 89,193 27,279 476,659 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Nine Months Ended September 30, 2022 North America EMEA APAC Consolidated Major Offerings Hardware $ 4,415,000 $ 517,512 $ 44,467 $ 4,976,979 Software 1,115,475 669,760 66,512 1,851,747 Services 881,311 150,066 68,478 1,099,855 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581 Major Client Groups Large Enterprise / Corporate $ 4,509,731 $ 955,858 $ 77,934 $ 5,543,523 Commercial 1,314,733 49,631 50,159 1,414,523 Public Sector 587,322 331,849 51,364 970,535 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 6,087,854 $ 1,254,980 $ 152,708 $ 7,495,542 Net revenue recognition (Agent) 323,932 82,358 26,749 433,039 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581 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, 2023 or 2022. 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, 2023 North America EMEA APAC Consolidated Net sales: Products $ 1,562,861 $ 300,485 $ 26,808 $ 1,890,154 Services 298,011 53,911 24,210 376,132 Total net sales 1,860,872 354,396 51,018 2,266,286 Costs of goods sold: Products 1,401,472 272,083 23,988 1,697,543 Services 125,543 22,604 11,726 159,873 Total costs of goods sold 1,527,015 294,687 35,714 1,857,416 Gross profit 333,857 59,709 15,304 408,870 Operating expenses: Selling and administrative expenses 244,154 54,435 11,204 309,793 Severance and restructuring expenses 2,650 271 2 2,923 Acquisition and integration related expenses 970 3,322 — 4,292 Earnings from operations $ 86,083 $ 1,681 $ 4,098 $ 91,862 Three Months Ended September 30, 2022 North America EMEA APAC Consolidated Net sales: Products $ 1,801,128 $ 335,866 $ 32,203 $ 2,169,197 Services 298,709 43,708 22,740 365,157 Total net sales 2,099,837 379,574 54,943 2,534,354 Costs of goods sold: Products 1,618,297 309,218 29,164 1,956,679 Services 148,844 18,584 10,989 178,417 Total costs of goods sold 1,767,141 327,802 40,153 2,135,096 Gross profit 332,696 51,772 14,790 399,258 Operating expenses: Selling and administrative expenses 249,745 47,527 10,981 308,253 Severance and restructuring expenses 683 35 2 720 Acquisition and integration related expenses 6 — — 6 Earnings from operations $ 82,262 $ 4,210 $ 3,807 $ 90,279 Nine Months Ended September 30, 2023 North America EMEA APAC Consolidated Net sales: Products $ 4,695,751 $ 1,006,216 $ 101,441 $ 5,803,408 Services 896,251 166,910 73,260 1,136,421 Total net sales 5,592,002 1,173,126 174,701 6,939,829 Costs of goods sold: Products 4,206,071 920,956 92,693 5,219,720 Services 393,788 59,526 33,420 486,734 Total costs of goods sold 4,599,859 980,482 126,113 5,706,454 Gross profit 992,143 192,644 48,588 1,233,375 Operating expenses: Selling and administrative expenses 745,259 159,253 33,525 938,037 Severance and restructuring expenses 1,052 1,840 63 2,955 Acquisition and integration related expenses 1,127 3,322 — 4,449 Earnings from operations $ 244,705 $ 28,229 $ 15,000 $ 287,934 Nine Months Ended September 30, 2022 North America EMEA APAC Consolidated Net sales: Products $ 5,530,475 $ 1,187,272 $ 110,979 $ 6,828,726 Services 881,311 150,066 68,478 1,099,855 Total net sales 6,411,786 1,337,338 179,457 7,928,581 Costs of goods sold: Products 4,998,871 1,099,027 101,885 6,199,783 Services 429,869 52,222 30,699 512,790 Total costs of goods sold 5,428,740 1,151,249 132,584 6,712,573 Gross profit 983,046 186,089 46,873 1,216,008 Operating expenses: Selling and administrative expenses 728,833 151,225 31,836 911,894 Severance and restructuring expenses 1,472 1,310 2 2,784 Acquisition and integration related expenses 1,646 — — 1,646 Earnings from operations $ 251,095 $ 33,554 $ 15,035 $ 299,684 The following is a summary of our total assets by reportable operating segment (in thousands): September 30, December 31, North America $ 5,345,620 $ 5,219,480 EMEA 894,489 939,327 APAC 151,290 153,232 Corporate assets and intercompany eliminations, net (1,313,183) (1,199,458) Total assets $ 5,078,216 $ 5,112,581 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 Nine Months Ended 2023 2022 2023 2022 Depreciation and amortization of property and equipment: North America $ 6,064 $ 5,769 $ 17,207 $ 14,918 EMEA 726 531 1,925 2,006 APAC 112 149 323 465 6,902 6,449 19,455 17,389 Amortization of intangible assets: North America 7,718 8,468 23,269 23,172 EMEA 822 404 1,642 1,291 APAC 108 114 332 352 8,648 8,986 25,243 24,815 Total $ 15,550 $ 15,435 $ 44,698 $ 42,204

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition Effective August 17, 2023, we acquired 100 percent of the issued and outstanding shares of Amdaris Group Limited (“Amdaris”) for a preliminary cash purchase price, net of cash and cash equivalents acquired, of approximately $82,875,000, excluding the estimated fair value of an earn out, reported in other liabilities, with a range of payouts through 2026 of $0 to $54,391,000. Amdaris, an award-winning software development and digital services specialist, provides innovative software development, application support, managed services and consultancy services to the customers in the United Kingdom with service delivery centers located in several eastern European countries. Amdaris has been recognized as a Microsoft Gold Certified Partner. We believe this acquisition expands our global Modern Apps and Data & AI areas of solutions expertise as a leading solutions integrator and enhances our technological capabilities and scale to deliver an even broader range of customized services and solutions to clients in EMEA. The preliminary fair value of net assets acquired was approximately $34,060,000, including $41,291,000 of identifiable intangible assets, consisting primarily of customer relationships that will be amortized using the straight line method over the estimated economic life of ten years. The preliminary purchase price was allocated using the information currently available. Further information obtained upon the finalization of the fair value assumptions for identifiable intangible assets acquired and the finalization of the fair value of the non-cash working capital could lead to an adjustment of the purchase price allocation. Goodwill acquired approximated $68,634,000, which was recorded in our EMEA operating segment. We consolidated the results of operations for Amdaris within our EMEA operating segment beginning on August 17, 2023, the effective date of the acquisition. Our historical results would not have been materially affected by the acquisition of Amdaris and, accordingly, we have not presented pro forma information as if the acquisition had been completed at the beginning of each period presented in our consolidated statement of operations. In June 2022, we acquired 100 percent of the issued and outstanding shares of Hanu Software Solutions, Inc. and Hanu Software Solutions (India) Private Ltd. (collectively, “Hanu”) for a cash purchase price, net of cash and cash equivalents acquired, of approximately $90,106,000, including $15,307,000 attributed to an earn out agreement and including hold backs for representations and warranties of approximately $6,358,000, the majority of which will be paid in future periods. We finalized the earn out and paid $10,748,000 in April 2023. Hanu, a global leading cloud technology services and solutions provider, provides cloud solutions in the areas of applications and infrastructure, data and artificial intelligence, and cloud security to clients. Hanu is recognized as one of Microsoft’s top public cloud service partners globally. We believe this acquisition strengthens our service capabilities as a cloud solutions provider and is also a strategic investment in expanding our presence in India. The fair value of net assets acquired was approximately $20,183,000, including $24,750,000 of identifiable intangible assets, consisting primarily of customer relationships that will be amortized using the straight line method over the estimated economic life of ten years. The purchase price was allocated using the information available. Goodwill acquired approximated $69,923,000 which was recorded in our North America operating segment. We finalized the purchase price allocation in relation to this acquisition in May 2023. The completion of this work did not materially alter our preliminary purchase price allocation.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net earnings	$ 60,247	$ 57,316	$ 190,701	$ 203,131

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In September 2022, the Financial Accounting Standards Board ("FASB") issued ASU No. 2022-04, “Liabilities - Supplier Finance Programs (Subtopic 405-50)”. This standard is intended to address requests from stakeholders for information about an entity’s use of supplier finance programs and their effect on the entity’s working capital, liquidity, and cash flows. The guidance was effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on roll-forward information requirement, which is effective for fiscal years beginning after December 15, 2023. The Company adopted this standard effective January 1, 2023, with the exception of the roll-forward information requirement. The adoption did not have a material effect on the Company's disclosures. 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, 2022 that affect or may affect our current financial statements.

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Operating Segments By Geographic Location	Our company is organized in the following three operating segments, which are primarily defined by their related geographies: Operating Segment Geography North America United States and Canada EMEA Europe, Middle East and Africa APAC Asia-Pacific

Receivables, Contract Liabili_2

Receivables, Contract Liabilities and Performance Obligations (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022 (in thousands): September 30, December 31, Current receivables, which are included in “Accounts receivable, net” $ 3,072,096 $ 3,272,371 Non-current receivables, which are included in “Other assets” 237,018 161,837 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 109,342 102,057
Summary of Changes in Contract Liabilities from Contract with Customers	Changes in the contract liabilities balances during the nine months ended September 30, 2023 are as follows (in thousands): Increase (Decrease) Contract Balances at December 31, 2022 $ 102,057 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (56,429) Cash received in advance and not recognized as revenue 63,714 Balances at September 30, 2023 $ 109,342
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, 2023 that are expected to be recognized in the future (in thousands): Services Remainder of 2023 $ 34,034 2024 56,893 2025 21,173 2026 and thereafter 10,205 Total remaining performance obligations $ 122,305

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended 2023 2022 2023 2022 Numerator: Net earnings $ 60,247 $ 57,316 $ 190,701 $ 203,131 Denominator: Weighted average shares used to compute basic EPS 32,574 34,952 33,127 35,003 Dilutive potential common shares due to dilutive RSUs, net of tax effect 278 201 275 243 Dilutive potential common shares due to the Notes 2,774 1,187 2,533 1,468 Dilutive potential common shares due to the Warrants 1,577 — 1,214 — Weighted average shares used to compute diluted EPS 37,203 36,340 37,149 36,714 Net earnings per share: Basic $ 1.85 $ 1.64 $ 5.76 $ 5.80 Diluted $ 1.62 $ 1.58 $ 5.13 $ 5.53

Debt, Inventory Financing Fac_2

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): September 30, December 31, ABL revolving credit facility $ 323,906 $ 291,599 Convertible senior notes due 2025 347,541 346,199 Finance leases and other financing obligations 1,528 102 Total 672,975 637,900 Less: current portion of long-term debt (349,058) (346,228) Long-term debt $ 323,917 $ 291,672
Schedule of Convertible Senior Notes Balances	The Notes consist of the following balances reported within the consolidated balance sheets (in thousands): September 30, December 31, Liability: Principal $ 350,000 $ 350,000 Less: debt issuance costs, net of accumulated amortization (2,459) (3,801) Net carrying amount $ 347,541 $ 346,199

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,153,722 $ 136,567 $ 10,866 $ 1,301,155 Software 409,139 163,918 15,942 588,999 Services 298,011 53,911 24,210 376,132 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Major Client Groups Large Enterprise / Corporate $ 1,311,849 $ 270,355 $ 21,388 $ 1,603,592 Commercial 342,585 4,340 18,867 365,792 Public Sector 206,438 79,701 10,763 296,902 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,738,705 $ 330,505 $ 42,908 $ 2,112,118 Net revenue recognition (Agent) 122,167 23,891 8,110 154,168 $ 1,860,872 $ 354,396 $ 51,018 $ 2,266,286 Three Months Ended September 30, 2022 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,404,207 $ 151,505 $ 16,563 $ 1,572,275 Software 396,921 184,361 15,640 596,922 Services 298,709 43,708 22,740 365,157 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Major Client Groups Large Enterprise / Corporate $ 1,473,014 $ 295,565 $ 25,075 $ 1,793,654 Commercial 424,600 11,898 18,048 454,546 Public Sector 202,223 72,111 11,820 286,154 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,990,277 $ 358,697 $ 46,763 $ 2,395,737 Net revenue recognition (Agent) 109,560 20,877 8,180 138,617 $ 2,099,837 $ 379,574 $ 54,943 $ 2,534,354 Nine Months Ended September 30, 2023 North America EMEA APAC Consolidated Major Offerings Hardware $ 3,474,488 $ 431,677 $ 34,108 $ 3,940,273 Software 1,221,263 574,539 67,333 1,863,135 Services 896,251 166,910 73,260 1,136,421 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Major Client Groups Large Enterprise / Corporate $ 3,927,258 $ 868,937 $ 69,639 $ 4,865,834 Commercial 1,074,360 12,739 54,030 1,141,129 Public Sector 590,384 291,450 51,032 932,866 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 5,231,815 $ 1,083,933 $ 147,422 $ 6,463,170 Net revenue recognition (Agent) 360,187 89,193 27,279 476,659 $ 5,592,002 $ 1,173,126 $ 174,701 $ 6,939,829 Nine Months Ended September 30, 2022 North America EMEA APAC Consolidated Major Offerings Hardware $ 4,415,000 $ 517,512 $ 44,467 $ 4,976,979 Software 1,115,475 669,760 66,512 1,851,747 Services 881,311 150,066 68,478 1,099,855 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581 Major Client Groups Large Enterprise / Corporate $ 4,509,731 $ 955,858 $ 77,934 $ 5,543,523 Commercial 1,314,733 49,631 50,159 1,414,523 Public Sector 587,322 331,849 51,364 970,535 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 6,087,854 $ 1,254,980 $ 152,708 $ 7,495,542 Net revenue recognition (Agent) 323,932 82,358 26,749 433,039 $ 6,411,786 $ 1,337,338 $ 179,457 $ 7,928,581
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, 2023 North America EMEA APAC Consolidated Net sales: Products $ 1,562,861 $ 300,485 $ 26,808 $ 1,890,154 Services 298,011 53,911 24,210 376,132 Total net sales 1,860,872 354,396 51,018 2,266,286 Costs of goods sold: Products 1,401,472 272,083 23,988 1,697,543 Services 125,543 22,604 11,726 159,873 Total costs of goods sold 1,527,015 294,687 35,714 1,857,416 Gross profit 333,857 59,709 15,304 408,870 Operating expenses: Selling and administrative expenses 244,154 54,435 11,204 309,793 Severance and restructuring expenses 2,650 271 2 2,923 Acquisition and integration related expenses 970 3,322 — 4,292 Earnings from operations $ 86,083 $ 1,681 $ 4,098 $ 91,862 Three Months Ended September 30, 2022 North America EMEA APAC Consolidated Net sales: Products $ 1,801,128 $ 335,866 $ 32,203 $ 2,169,197 Services 298,709 43,708 22,740 365,157 Total net sales 2,099,837 379,574 54,943 2,534,354 Costs of goods sold: Products 1,618,297 309,218 29,164 1,956,679 Services 148,844 18,584 10,989 178,417 Total costs of goods sold 1,767,141 327,802 40,153 2,135,096 Gross profit 332,696 51,772 14,790 399,258 Operating expenses: Selling and administrative expenses 249,745 47,527 10,981 308,253 Severance and restructuring expenses 683 35 2 720 Acquisition and integration related expenses 6 — — 6 Earnings from operations $ 82,262 $ 4,210 $ 3,807 $ 90,279 Nine Months Ended September 30, 2023 North America EMEA APAC Consolidated Net sales: Products $ 4,695,751 $ 1,006,216 $ 101,441 $ 5,803,408 Services 896,251 166,910 73,260 1,136,421 Total net sales 5,592,002 1,173,126 174,701 6,939,829 Costs of goods sold: Products 4,206,071 920,956 92,693 5,219,720 Services 393,788 59,526 33,420 486,734 Total costs of goods sold 4,599,859 980,482 126,113 5,706,454 Gross profit 992,143 192,644 48,588 1,233,375 Operating expenses: Selling and administrative expenses 745,259 159,253 33,525 938,037 Severance and restructuring expenses 1,052 1,840 63 2,955 Acquisition and integration related expenses 1,127 3,322 — 4,449 Earnings from operations $ 244,705 $ 28,229 $ 15,000 $ 287,934 Nine Months Ended September 30, 2022 North America EMEA APAC Consolidated Net sales: Products $ 5,530,475 $ 1,187,272 $ 110,979 $ 6,828,726 Services 881,311 150,066 68,478 1,099,855 Total net sales 6,411,786 1,337,338 179,457 7,928,581 Costs of goods sold: Products 4,998,871 1,099,027 101,885 6,199,783 Services 429,869 52,222 30,699 512,790 Total costs of goods sold 5,428,740 1,151,249 132,584 6,712,573 Gross profit 983,046 186,089 46,873 1,216,008 Operating expenses: Selling and administrative expenses 728,833 151,225 31,836 911,894 Severance and restructuring expenses 1,472 1,310 2 2,784 Acquisition and integration related expenses 1,646 — — 1,646 Earnings from operations $ 251,095 $ 33,554 $ 15,035 $ 299,684
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, December 31, North America $ 5,345,620 $ 5,219,480 EMEA 894,489 939,327 APAC 151,290 153,232 Corporate assets and intercompany eliminations, net (1,313,183) (1,199,458) Total assets $ 5,078,216 $ 5,112,581
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 Nine Months Ended 2023 2022 2023 2022 Depreciation and amortization of property and equipment: North America $ 6,064 $ 5,769 $ 17,207 $ 14,918 EMEA 726 531 1,925 2,006 APAC 112 149 323 465 6,902 6,449 19,455 17,389 Amortization of intangible assets: North America 7,718 8,468 23,269 23,172 EMEA 822 404 1,642 1,291 APAC 108 114 332 352 8,648 8,986 25,243 24,815 Total $ 15,550 $ 15,435 $ 44,698 $ 42,204

Basis of Presentation and Rec_4

Basis of Presentation and Recently Issued Accounting Standards - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	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, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	$ 3,072,096	$ 3,272,371
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	109,342	102,057
Accounts Receivable, Net
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	3,072,096	3,272,371
Other Assets
Disaggregation of Revenue [Line Items]
Non-current receivables, which are included in “Other assets”	237,018	161,837
Accrued Expenses and Other Current Liabilities and Other Liabilities
Disaggregation of Revenue [Line Items]
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	$ 109,342	$ 102,057

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, 2023 USD ($)
Contract with Customer, Contract Asset, Contract Liability, and Receivable Increase (Decrease) [Roll Forward]
Beginning balance	$ 102,057
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied	(56,429)
Cash received in advance and not recognized as revenue	63,714
Ending balance	$ 109,342

Receivables, Contract Liabili_5

Receivables, Contract Liabilities and Performance Obligations - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenue recognized		$ 67,984,000
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 $ in Thousands	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 122,305
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 34,034
Remaining performance obligation, expected timing of satisfaction period	3 months
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	$ 56,893
Remaining performance obligation, expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 21,173
Remaining performance obligation, expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 10,205
Remaining performance obligation, expected timing of satisfaction period	1 year

Assets Held for Sale (Detail)

Assets Held for Sale (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]
Proceeds from sale of property held-for-sale	$ 15,476	$ 15,476
Gain (loss) on sale of properties	$ 6,813	$ 6,813

Net Earnings Per Share - Reconc

Net Earnings Per Share - 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net earnings	$ 60,247	$ 57,316	$ 190,701	$ 203,131
Denominator:
Weighted average shares used to compute basic EPS (in shares)	32,574	34,952	33,127	35,003
Dilutive potential common shares due to dilutive RSUs, net of tax effect (in shares)	278	201	275	243
Dilutive potential common shares due to the Warrants (in shares)	1,577	0	1,214	0
Weighted average shares used to compute diluted EPS (in shares)	37,203	36,340	37,149	36,714
Net earnings per share:
Basic (in usd per share)	$ 1.85	$ 1.64	$ 5.76	$ 5.80
Diluted (in usd per share)	$ 1.62	$ 1.58	$ 5.13	$ 5.53
Notes
Denominator:
Dilutive potential common shares due to the Notes (in shares)	2,774	1,187	2,533	1,468

Net Earnings Per Share - Additi

Net Earnings Per Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
RSUs excluded from the diluted EPS calculations (in shares)	65	67	72	39

Debt, Inventory Financing Fac_3

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Schedule of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Finance leases and other financing obligations	$ 1,528,000	$ 102,000
Total	672,975,000	637,900,000
Less: current portion of long-term debt	(349,058,000)	(346,228,000)
Long-term debt	323,917,000	291,672,000
Convertible Senior Notes
Debt Instrument [Line Items]
Convertible senior notes due 2025	347,541,000	346,199,000
ABL Facility
Debt Instrument [Line Items]
ABL revolving credit facility	$ 323,906,000	$ 291,599,000

Debt, Inventory Financing Fac_4

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Additional Information (Detail)	1 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) d shares $ / shares	Dec. 31, 2022 USD ($)	Jul. 22, 2022 USD ($)	Jul. 21, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 31, 2019 USD ($)
Debt Instrument [Line Items]
Accounts payable-inventory financing facility	$ 269,207,000	$ 269,207,000	$ 301,314,000
ABL Facility
Debt Instrument [Line Items]
Amount of facility available by qualified receivables	1,547,321,000	1,547,321,000
Amount of facility permitted by qualified receivables	1,800,000,000	1,800,000,000
Line of credit outstanding amount	323,906,000	323,906,000	291,599,000
Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity	705,000,000	705,000,000
Accounts payable-inventory financing facility	269,207,000	269,207,000
Third Amendment to Credit Agreement | ABL Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity				$ 1,800,000,000	$ 1,200,000,000
Foreign Currency Borrowings | ABL Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity				$ 350,000,000
First-In, Last-Out Revolving Facility | ABL Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity	100,000,000	100,000,000
Convertible Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount of notes, issued amount	350,000,000	350,000,000	350,000,000				$ 350,000,000
Notes, interest rate							0.75%
Principal amount per note used in conversion rate	$ 1,000	$ 1,000
Conversion price per share (in usd per share) | $ / shares	$ 88.82	$ 88.82
Debt conversion amount	$ 16,895,000
Debt conversion, initial conversion rate (in shares) | shares		14.6376
Conversion price per share (in usd per share) | $ / shares	$ 68.32	$ 68.32
Repurchase price as percentage of principal amount		100%
Shares issuable upon conversion of debt (in shares) | shares		6,788,208
Notes, remaining accretion period of debt discount and issuance cost		1 year 4 months 13 days
Notes, effective interest rate	0.75%	0.75%
Conversion price per share (in usd per share) | $ / shares		$ 68.32
Payments to convertible note hedge transaction		$ 66,325,000
Warrants sold to purchase of additional common stock (in shares) | shares	5,123,160	5,123,160
Warrant price per share to purchase additional common stock (in usd per share) | $ / shares	$ 103.12	$ 103.12
Proceeds from sale of warrants		$ 34,440,000
Convertible Senior Notes | Scenario One
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%
Convertible Senior Notes | Scenario Two
Debt Instrument [Line Items]
Percentage of last reported sale price to conversion price on each applicable trading day		98%
Measurement period		5 days
MUFG Bank Ltd | Unsecured Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity	$ 280,000,000,000	$ 280,000,000,000
Inventory financing facility rate if vendor terms not met equal prime plus		2%
PNC Facility | Unsecured Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			375,000,000			$ 300,000,000
PNC Facility | Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility rate if vendor terms not met equal LIBOR plus		4.50%
Canada Facility | Unsecured Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			25,000,000
EMEA Facilities | Unsecured Inventory Financing Facility
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			$ 50,000,000
Inventory financing facility rate if vendor terms not met equal LIBOR plus		0.25%
Maximum | ABL Facility
Debt Instrument [Line Items]
Credit facility, increase in amount available for borrowing		$ 750,000,000
Maximum | Convertible Senior Notes
Debt Instrument [Line Items]
Option to purchase common stock (in shares) | shares		5,123,160

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 - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Aug. 31, 2019
Liability:
Principal	$ 350,000,000	$ 350,000,000	$ 350,000,000
Less: debt issuance costs, net of accumulated amortization	(2,459,000)	(3,801,000)
Net carrying amount	$ 347,541,000	$ 346,199,000

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	24.70%	25.30%	25.40%	25.10%
Unrecognized tax benefits	$ 13,387		$ 13,387		$ 14,814
Unrecognized tax benefits, interest on income taxes accrued	$ 1,640		$ 1,640		$ 1,642

Share Repurchase Program (Detai

Share Repurchase Program (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	May 18, 2023	Sep. 19, 2022	May 06, 2021
Equity, Class of Treasury Stock [Line Items]
Common stock repurchase program, number of shares repurchased (in shares)	0	270,080	1,633,620
Repurchase program, approximate dollar value of shares purchased		$ 25,008,025	$ 217,108,000
Repurchase program, average price paid per share (in usd per share)		$ 92.59	$ 132.90
September 14, 2022 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Common stock repurchase program, authorized amount					$ 300,000,000
Common stock repurchase program, authorized remaining amount	$ 200,020,373		$ 200,020,373		$ 50,000,000
May 6, 2021 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Common stock repurchase program, authorized amount				$ 300,000,000
Common stock repurchase program, authorized remaining amount						$ 100,000,000

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($)		9 Months Ended
	Jul. 14, 2023	Sep. 30, 2023
Commitments And Contingencies [Line Items]
Minimum required purchase commitment amount		$ 100,467,000
Purchase commitment term		5 years
Software as a Service
Commitments And Contingencies [Line Items]
Minimum required purchase commitment amount		$ 40,000,000
Purchase commitment term		4 years
PCM Earnout Litigation
Commitments And Contingencies [Line Items]
Litigation settlement, amount awarded to other party	$ 10,550,000
Payment period	36 months
Surety Bond
Commitments And Contingencies [Line Items]
Performance bonds outstanding		$ 27,742,939
Minimum
Commitments And Contingencies [Line Items]
Number of months of salary paid as severance		3 months
Maximum
Commitments And Contingencies [Line Items]
Number of months of salary paid as severance		24 months

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	3

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Disaggregation of revenue	$ 2,266,286	$ 2,534,354	$ 6,939,829	$ 7,928,581
Gross revenue recognition (Principal)
Segment Reporting Information [Line Items]
Disaggregation of revenue	2,112,118	2,395,737	6,463,170	7,495,542
Net revenue recognition (Agent)
Segment Reporting Information [Line Items]
Disaggregation of revenue	154,168	138,617	476,659	433,039
North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,860,872	2,099,837	5,592,002	6,411,786
North America | Gross revenue recognition (Principal)
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,738,705	1,990,277	5,231,815	6,087,854
North America | Net revenue recognition (Agent)
Segment Reporting Information [Line Items]
Disaggregation of revenue	122,167	109,560	360,187	323,932
EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	354,396	379,574	1,173,126	1,337,338
EMEA | Gross revenue recognition (Principal)
Segment Reporting Information [Line Items]
Disaggregation of revenue	330,505	358,697	1,083,933	1,254,980
EMEA | Net revenue recognition (Agent)
Segment Reporting Information [Line Items]
Disaggregation of revenue	23,891	20,877	89,193	82,358
APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	51,018	54,943	174,701	179,457
APAC | Gross revenue recognition (Principal)
Segment Reporting Information [Line Items]
Disaggregation of revenue	42,908	46,763	147,422	152,708
APAC | Net revenue recognition (Agent)
Segment Reporting Information [Line Items]
Disaggregation of revenue	8,110	8,180	27,279	26,749
Large Enterprise / Corporate
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,603,592	1,793,654	4,865,834	5,543,523
Large Enterprise / Corporate | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,311,849	1,473,014	3,927,258	4,509,731
Large Enterprise / Corporate | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	270,355	295,565	868,937	955,858
Large Enterprise / Corporate | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	21,388	25,075	69,639	77,934
Commercial
Segment Reporting Information [Line Items]
Disaggregation of revenue	365,792	454,546	1,141,129	1,414,523
Commercial | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	342,585	424,600	1,074,360	1,314,733
Commercial | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	4,340	11,898	12,739	49,631
Commercial | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	18,867	18,048	54,030	50,159
Public Sector
Segment Reporting Information [Line Items]
Disaggregation of revenue	296,902	286,154	932,866	970,535
Public Sector | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	206,438	202,223	590,384	587,322
Public Sector | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	79,701	72,111	291,450	331,849
Public Sector | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	10,763	11,820	51,032	51,364
Hardware
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,301,155	1,572,275	3,940,273	4,976,979
Hardware | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	1,153,722	1,404,207	3,474,488	4,415,000
Hardware | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	136,567	151,505	431,677	517,512
Hardware | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	10,866	16,563	34,108	44,467
Software
Segment Reporting Information [Line Items]
Disaggregation of revenue	588,999	596,922	1,863,135	1,851,747
Software | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	409,139	396,921	1,221,263	1,115,475
Software | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	163,918	184,361	574,539	669,760
Software | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	15,942	15,640	67,333	66,512
Services
Segment Reporting Information [Line Items]
Disaggregation of revenue	376,132	365,157	1,136,421	1,099,855
Services | North America
Segment Reporting Information [Line Items]
Disaggregation of revenue	298,011	298,709	896,251	881,311
Services | EMEA
Segment Reporting Information [Line Items]
Disaggregation of revenue	53,911	43,708	166,910	150,066
Services | APAC
Segment Reporting Information [Line Items]
Disaggregation of revenue	$ 24,210	$ 22,740	$ 73,260	$ 68,478

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 2,266,286	$ 2,534,354	$ 6,939,829	$ 7,928,581
Total costs of goods sold	1,857,416	2,135,096	5,706,454	6,712,573
Gross profit	408,870	399,258	1,233,375	1,216,008
Operating expenses:
Selling and administrative expenses	309,793	308,253	938,037	911,894
Severance and restructuring expenses	2,923	720	2,955	2,784
Acquisition and integration related expenses	4,292	6	4,449	1,646
Earnings from operations	91,862	90,279	287,934	299,684
Products
Segment Reporting Information [Line Items]
Total net sales	1,890,154	2,169,197	5,803,408	6,828,726
Total costs of goods sold	1,697,543	1,956,679	5,219,720	6,199,783
Gross profit	192,611	212,518	583,688	628,943
Services
Segment Reporting Information [Line Items]
Total net sales	376,132	365,157	1,136,421	1,099,855
Total costs of goods sold	159,873	178,417	486,734	512,790
Gross profit	216,259	186,740	649,687	587,065
North America
Segment Reporting Information [Line Items]
Total net sales	1,860,872	2,099,837	5,592,002	6,411,786
Total costs of goods sold	1,527,015	1,767,141	4,599,859	5,428,740
Gross profit	333,857	332,696	992,143	983,046
Operating expenses:
Selling and administrative expenses	244,154	249,745	745,259	728,833
Severance and restructuring expenses	2,650	683	1,052	1,472
Acquisition and integration related expenses	970	6	1,127	1,646
Earnings from operations	86,083	82,262	244,705	251,095
North America | Products
Segment Reporting Information [Line Items]
Total net sales	1,562,861	1,801,128	4,695,751	5,530,475
Total costs of goods sold	1,401,472	1,618,297	4,206,071	4,998,871
North America | Services
Segment Reporting Information [Line Items]
Total net sales	298,011	298,709	896,251	881,311
Total costs of goods sold	125,543	148,844	393,788	429,869
EMEA
Segment Reporting Information [Line Items]
Total net sales	354,396	379,574	1,173,126	1,337,338
Total costs of goods sold	294,687	327,802	980,482	1,151,249
Gross profit	59,709	51,772	192,644	186,089
Operating expenses:
Selling and administrative expenses	54,435	47,527	159,253	151,225
Severance and restructuring expenses	271	35	1,840	1,310
Acquisition and integration related expenses	3,322	0	3,322	0
Earnings from operations	1,681	4,210	28,229	33,554
EMEA | Products
Segment Reporting Information [Line Items]
Total net sales	300,485	335,866	1,006,216	1,187,272
Total costs of goods sold	272,083	309,218	920,956	1,099,027
EMEA | Services
Segment Reporting Information [Line Items]
Total net sales	53,911	43,708	166,910	150,066
Total costs of goods sold	22,604	18,584	59,526	52,222
APAC
Segment Reporting Information [Line Items]
Total net sales	51,018	54,943	174,701	179,457
Total costs of goods sold	35,714	40,153	126,113	132,584
Gross profit	15,304	14,790	48,588	46,873
Operating expenses:
Selling and administrative expenses	11,204	10,981	33,525	31,836
Severance and restructuring expenses	2	2	63	2
Acquisition and integration related expenses	0	0	0	0
Earnings from operations	4,098	3,807	15,000	15,035
APAC | Products
Segment Reporting Information [Line Items]
Total net sales	26,808	32,203	101,441	110,979
Total costs of goods sold	23,988	29,164	92,693	101,885
APAC | Services
Segment Reporting Information [Line Items]
Total net sales	24,210	22,740	73,260	68,478
Total costs of goods sold	$ 11,726	$ 10,989	$ 33,420	$ 30,699

Segment Information - Summary_2

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 5,078,216	$ 5,112,581
Operating Segments | North America
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	5,345,620	5,219,480
Operating Segments | EMEA
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	894,489	939,327
Operating Segments | APAC
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	151,290	153,232
Intersegment Eliminations
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (1,313,183)	$ (1,199,458)

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	$ 6,902	$ 6,449	$ 19,455	$ 17,389
Amortization of intangible assets	8,648	8,986	25,243	24,815
Depreciation and amortization, total	15,550	15,435	44,698	42,204
North America
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	6,064	5,769	17,207	14,918
Amortization of intangible assets	7,718	8,468	23,269	23,172
EMEA
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	726	531	1,925	2,006
Amortization of intangible assets	822	404	1,642	1,291
APAC
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	112	149	323	465
Amortization of intangible assets	$ 108	$ 114	$ 332	$ 352

Acquisition (Details)

Acquisition (Details) £ in Thousands, $ in Thousands		1 Months Ended		9 Months Ended
	Aug. 17, 2023 USD ($)	Apr. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Aug. 17, 2023 GBP (£)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 559,365			$ 493,033
Payment for earnout				$ 10,748	$ 0
Amdaris
Business Acquisition [Line Items]
Business combination acquired percentage	100%					100%
Cash paid to acquire business	$ 82,875
Net assets acquired | £						£ 34,060
Intangible assets acquired | £						£ 41,291
Goodwill	$ 68,634
Amdaris | Customer Relationships
Business Acquisition [Line Items]
Finite-lived intangible asset, useful life	10 years					10 years
Amdaris | Minimum
Business Acquisition [Line Items]
Earnout	$ 0
Amdaris | Maximum
Business Acquisition [Line Items]
Earnout	$ 54,391
Hanu
Business Acquisition [Line Items]
Business combination acquired percentage			100%
Cash paid to acquire business			$ 90,106
Net assets acquired			20,183
Intangible assets acquired			24,750
Goodwill			69,923
Holdbacks for representations and warranties			$ 6,358
Payment for earnout		$ 10,748
Hanu | Customer Relationships
Business Acquisition [Line Items]
Finite-lived intangible asset, useful life			10 years
Hanu | Maximum
Business Acquisition [Line Items]
Earnout			$ 15,307

Uncategorized Items - nsit-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2020-06 [Member]