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<h1 class="title" property="headline">ePlus Reports First Quarter Financial Results</h1><br>
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<title>ePlus Reports First Quarter Financial Results</title>
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<strong>--Favorable Business Mix Drove Strong Profitability Growth--</strong>
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<strong>Quarterly Highlights:</strong>
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Net sales decreased 6.9% to $355.0 million; technology segment net sales decreased 7.4% to $341.2 million; service revenues increased 4.4% to $47.8 million; financing segment net sales increased 7.6% to $13.8 million.
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Adjusted gross billings decreased 0.4% to $546.4 million.
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Consolidated gross profit increased 6.4% to $98.6 million.
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Consolidated gross margin was 27.8%, an increase of 350 basis points.
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Net earnings increased 7.2% to $17.4 million.
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Adjusted EBITDA increased 7.5% to $30.7 million.
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Diluted earnings per share increased 8.3% to $1.30. Non-GAAP diluted earnings per share increased 4.9% to $1.51.
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<p>HERNDON, Va.--(<a href="https://urldefense.com/v3/__http://www.businesswire.com__;!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-88GsEXO$" target="_blank">BUSINESS WIRE</a>)--
ePlus inc. (NASDAQ: PLUS), a leading provider of technology and financing solutions, today announced financial results for the three months ended June 30, 2020.
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<strong>Management Comment</strong>
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<p>
“Our business performed well across key profitability metrics in the first quarter of fiscal 2020 as we worked closely with customers to support their evolving IT product and service needs during these challenging times. Adjusted gross billings held steady, and gross profit increased 6.4% as consolidated gross margin increased to 27.8%. Diluted earnings per share grew 8.3%. Our performance reflected a favorable mix as higher margin services revenue grew 4.4%, in-line with our strategy of increasing managed and recurring services which mitigated the impact of lower product sales,” said Mark Marron, president and chief executive officer.
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“Our focus on critical IT solutions most relevant to customers in this difficult pandemic environment has enabled ePlus to report strong earnings comparisons. During the quarter, we saw a marked increase in third-party maintenance, software assurance, and subscriptions, as customers invested to support remote workforce initiatives.”
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<strong>First Quarter Fiscal 2021 Results </strong>
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For the first quarter ended June 30, 2020 as compared to the first quarter of the prior fiscal year ended June 30, 2019:
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Consolidated net sales decreased 6.9% to $355.0 million, from $381.4 million.
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Technology segment net sales decreased 7.4% to $341.2 million, from $368.5 million primarily due to a larger portion of our sales that were recognized on a net basis. Service revenues increased 4.4% to $47.8 million, from $45.8 million primarily due to an increase in managed services. Adjusted gross billings was $546.4 million, a slight decrease of 0.4% from $548.4 million.
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Financing segment net sales increased 7.6% to $13.8 million, from $12.8 million, primarily due to an increase in post-contract earnings.
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Consolidated gross profit increased 6.4% to $98.6 million, from $92.6 million. Consolidated gross margin increased to 27.8% from 24.3% last year, due to higher product margins.
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Operating expenses increased 5.3% to $73.6 million, from $69.9 million, primarily due to an increase in variable compensation and replacement costs for turnover. Our headcount at the end of the quarter was 1,536, compared with 1,538 a year ago.
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Consolidated operating income increased 9.8% to $25.0 million.
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Our effective tax rate for the current quarter was 30.8%, higher than the prior year quarter of 28.7%, due to an adjustment to the federal benefit from state taxes.
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Net earnings increased 7.2% to $17.4 million.
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Adjusted EBITDA increased 7.5% to $30.7 million, from $28.6 million.
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Diluted earnings per share was $1.30, compared with $1.20 in the prior year quarter. Non-GAAP diluted earnings per share was $1.51, compared with $1.44 last year.
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<strong>Balance Sheet Highlights</strong>
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As of June 30, 2020, ePlus had cash and cash equivalents of $144.4 million, compared with $86.2 million as of March 31, 2020. The increase is primarily the result of a decrease in working capital in the technology segment and an increase in non-recourse debt. Inventory, which represents equipment ordered by customers but not yet delivered, increased 85.7% due to ongoing projects and some delivery delays due to temporary closures at our customer sites related to COVID-19. Total shareholder’s equity was $502.7 million, compared with $486.1 million as of March 31, 2020. Total shares outstanding were 13.6 million and 13.5 million on June 30, 2020 and March 31, 2020, respectively.
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<strong>Summary and Outlook </strong>
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“ePlus is effectively managing through difficult business conditions with a strong balance sheet, a favorable mix of products and services and a dedicated team of IT professionals, who have proven their commitment to customer service.
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“Our focus on the high demand areas of Cloud, Security and Digital Infrastructure are all the more relevant in today’s business environment. Our diversified customer base, which we believe represents minimal exposure to those industries hardest hit by the economic downturn, depends on ePlus to continue to deliver critical IT solutions that enable them to effectively navigate the current marketplace challenges.
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“We appreciate the excellent execution demonstrated by the ePlus team during these unprecedented times, and as a company, we have taken precautions to protect the health and safety of our employees. Our strong financial position provides the resources to continue to make strategic investments opportunistically. In summary, we believe we are well positioned to manage through near-term pandemic-related disruptions to our business and to achieve growth over the long term,” Mr. Marron concluded.
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<strong>Recent Corporate Developments/Recognitions</strong>
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In the month of June:
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ePlus announced that CRN® a brand of The Channel Company, has named ePlus to its 2020 <em>Solution Provider 500</em> list for the 10th consecutive year.
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ePlus announced that it has been recognized with four new awards, including three Partner of the Year designations, from its partners Equinix, Juniper Networks, and NetApp.
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In the month of May:
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ePlus announced that its board of directors authorized the Company to repurchase up to 500,000 shares of ePlus’ outstanding common stock over a 12-month period which commenced on May 28, 2020.
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ePlus announced that it has launched ePlus Public Cloud Managed Services, a portfolio of offerings that enables customers to deliver services cost-effectively and securely in public cloud platforms, including AWS and Azure.
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<strong>Conference Call Information</strong>
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ePlus will hold a conference call and webcast at 4:30 p.m. ET on August 5, 2020:
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Date:
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August 5, 2020
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Time:
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4:30 p.m. ET
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Live Call:
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(833) 714-0957, domestic; (778) 560-2893, international
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Replay:
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(800) 585-8367, domestic; (416) 621-4642, international
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6879148 (live and replay)
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Webcast:
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<a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=http*3A*2F*2Fwww.eplus.com*2Finvestors&esheet=52261657&lan=en-US&anchor=http*3A*2F*2Fwww.eplus.com*2Finvestors&index=1&md5=bea2858f9e3bb002c742bdf1d0f689d3__;JSUlJSUlJSU!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-9UlIbap$" shape="rect" target="_blank">http://www.eplus.com/investors</a> (live and replay)
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The replay of this webcast will be available approximately two hours after the call and be available through August 12, 2020.
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<p>
<strong>About ePlus</strong> <strong>inc. </strong>
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<p>
ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking, and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,500 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171. For more information, visit <a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=http*3A*2F*2Fwww.eplus.com&esheet=52261657&lan=en-US&anchor=www.eplus.com&index=2&md5=6f821cd536a6b94656574ab2eb0940cc__;JSUl!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-_wjbNLG$" shape="rect" target="_blank">www.eplus.com</a>, call 888-482-1122, or email <a rel="nofollow" href="mailto:info@eplus.com" shape="rect" target="_blank">info@eplus.com</a>. Connect with ePlus on <a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=http*3A*2F*2Fwww.facebook.com*2FePlusinc&esheet=52261657&lan=en-US&anchor=Facebook&index=3&md5=25882b9d2d91673936e8f0a7e6988905__;JSUlJQ!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-wlsl_6w$" shape="rect" target="_blank">Facebook</a>, <a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=https*3A*2F*2Fwww.linkedin.com*2Fcompany*2Feplus-technology*2F&esheet=52261657&lan=en-US&anchor=LinkedIn&index=4&md5=46d484d1afff3d8fbb9e3a86963f9103__;JSUlJSUl!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-4DJAVEo$" shape="rect" target="_blank">LinkedIn</a>, <a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=http*3A*2F*2Fwww.twitter.com*2FePlus&esheet=52261657&lan=en-US&anchor=Twitter&index=5&md5=31ad061bb564075dd5f7b99433532170__;JSUlJQ!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-ye70AFo$" shape="rect" target="_blank">Twitter</a> and <a rel="nofollow" href="https://urldefense.com/v3/__https://cts.businesswire.com/ct/CT?id=smartlink&url=https*3A*2F*2Finstagram.com*2Feplus_technology*3Figshid*3Du6ob8kpfm5zz&esheet=52261657&lan=en-US&anchor=Instagram&index=6&md5=be056b7c27c1cd6366e1f646c45d5e94__;JSUlJSUl!!B6uU4Vo!H7_SL8arbtVkCm0nxIQag94ADfVmJ6LG0ULIHjxvs5sTsnFRzyx4xKEP-wTQnlEu$" shape="rect" target="_blank">Instagram</a>.
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<p>
ePlus, Where Technology Means More<sup>®</sup>.
</p>
<p>
ePlus® and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.
</p>
<p>
<strong>Forward-looking statements </strong>
</p>
<p>
Statements in this press release that are not historical facts may be deemed to be “forward-looking statements.” Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, the duration and impact of the COVID-19 pandemic, which could materially adversely affect our financial condition and results of operations and has resulted worldwide in governmental authorities imposing numerous unprecedented measures to try to contain the virus that has impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners; national and international political instability fostering uncertainty and volatility in the global economy including exposure to fluctuation in foreign currency rates, interest rates and downward pressure on prices; reduction of vendor incentive programs; and restrictions on our access to capital necessary to fund our operations; our ability to successfully perform due diligence and integrate acquired businesses; disruptions or a security breach in our or our vendor’s IT systems and data and audio communication networks; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with one or more of our largest volume customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our own and our customers’ electronic and other confidential information and remain secure during a cyber-security attack; future growth rates in our core businesses; the impact of competition in our markets; our reliance on third parties to perform some of our service obligations to our customers; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service and software as a service; our ability to realize our investment in leased equipment; maintaining and increasing advanced professional services by recruiting and retaining highly skilled, competent personnel and vendor certifications; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.
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<strong><em>e</em>Plus inc. AND SUBSIDIARIES</strong>
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<strong>UNAUDITED CONSOLIDATED BALANCE SHEETS</strong>
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<strong>(in thousands, except per share amounts)</strong>
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June 30, 2020
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March 31, 2020
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ASSETS
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</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Current assets:
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Cash and cash equivalents
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$144,382
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$86,231
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Accounts receivable—trade, net
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
393,044
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
374,998
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Accounts receivable—other, net
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
33,076
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
36,570
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Inventories
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
93,323
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
50,268
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Financing receivables—net, current
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
116,120
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
70,169
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Deferred costs
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
20,785
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
22,306
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other current assets
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
6,102
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
9,256
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total current assets
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
806,832
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
649,798
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignt bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Financing receivables and operating leases—net
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
68,862
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
74,158
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Property, equipment and other assets
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
33,025
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
32,596
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Goodwill
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
118,097
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
118,097
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other intangible assets—net
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
32,046
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
34,464
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
TOTAL ASSETS
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1,058,862
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$909,113
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
LIABILITIES AND STOCKHOLDERS' EQUITY
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
LIABILITIES
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Current liabilities:
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Accounts payable
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$136,507
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$82,919
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Accounts payable—floor plan
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
175,701
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
127,416
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Salaries and commissions payable
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
26,460
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
30,952
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Deferred revenue
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
57,271
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
55,480
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Recourse notes payable—current
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
37,271
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
37,256
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-recourse notes payable—current
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
55,667
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
29,630
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other current liabilities
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
30,683
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
22,986
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl4" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total current liabilities
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
519,560
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
386,639
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignt bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-recourse notes payable—long term
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
5,500
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
5,872
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Deferred tax liability—net
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
2,731
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
2,730
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other liabilities
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
28,346
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
27,727
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
TOTAL LIABILITIES
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
556,137
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
422,968
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
COMMITMENTS AND CONTINGENCIES
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
STOCKHOLDERS' EQUITY
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Preferred stock, $.01 per share par value; 2,000 shares authorized;
<br>
none outstanding
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Common stock, $.01 per share par value; 25,000 shares authorized; 13,553 outstanding at June 30, 2020 and 13,500
<br>
outstanding at March 31, 2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
145
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
144
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Additional paid-in capital
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
147,082
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
145,197
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Treasury stock, at cost, 934 shares at June 30, 2020 and
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwvertalignt bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl3" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
(71,127)
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
(68,424)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Retained earnings
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
427,579
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
410,219
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Accumulated other comprehensive income—foreign currency translation adjustment
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
(954)
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
(991)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total Stockholders' Equity
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
502,725
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
486,145
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1,058,862
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="5" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$909,113
</p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td class="bwpadl0" colspan="12" rowspan="1"><strong>ePlus inc. AND SUBSIDIARIES</strong></td>
</tr>
<tr>
<td class="bwpadl0" colspan="12" rowspan="1">
<p class="bwcellpmargin">
<strong>UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS</strong>
</p>
</td>
</tr>
<tr>
<td class="bwpadl0" colspan="12" rowspan="1">
<p class="bwcellpmargin">
<strong>(in thousands, except per share amounts)</strong>
</p>
</td>
</tr>
<tr>
<td colspan="5" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="9" class="bwsinglebottom bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1"></td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Net sales
</p>
</td>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl3" rowspan="1">
<p class="bwcellpmargin">
Product
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$307,240
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$335,601
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl3" rowspan="1">
<p class="bwcellpmargin">
Services
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
47,791
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
45,771
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl5" rowspan="1">
<p class="bwcellpmargin">
Total
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
355,031
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
381,372
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Cost of sales
</p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl3" rowspan="1">
<p class="bwcellpmargin">
Product
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
226,634
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
260,063
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl3" rowspan="1">
<p class="bwcellpmargin">
Services
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
29,840
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
28,670
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl5" rowspan="1">
<p class="bwcellpmargin">
Total
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
256,474
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
288,733
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Gross profit
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
98,557
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
92,639
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Selling, general, and administrative
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
69,467
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
65,787
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Depreciation and amortization
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,516
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,463
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Interest and financing costs
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
577
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
628
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Operating expenses
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
73,560
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
69,878
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Operating income
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
24,997
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
22,761
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Other income (expense)
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
98
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
(45)
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Earnings before taxes
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
25,095
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
22,716
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Provision for income taxes
</p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
7,735
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
6,528
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Net earnings
</p>
</td>
<td colspan="3" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$17,360
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$16,188
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Net earnings per common share—basic
</p>
</td>
<td colspan="3" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1.30
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1.21
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Net earnings per common share—diluted
</p>
</td>
<td colspan="3" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1.30
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
$1.20
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1"></td>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Weighted average common shares outstanding—basic
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
13,322
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
13,356
</p>
</td>
</tr>
<tr>
<td colspan="3" class="bwpadl0" rowspan="1">
<p class="bwcellpmargin">
Weighted average common shares outstanding—diluted
</p>
</td>
<td colspan="3" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
13,388
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
13,457
</p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Technology Segment</span>
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
% Change
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Net sales
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl3" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Product
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$293,433
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$322,764
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(9.1%)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl3" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Services
</p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
47,791
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
45,771
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
4.4%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl6" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total
</p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
341,224
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
368,535
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(7.4%)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Cost of sales
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl3" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Product
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
224,543
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
258,054
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(13.0%)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl3" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Services
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
29,840
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
28,670
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
4.1%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl6" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
254,383
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
286,724
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(11.3%)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Gross profit
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
86,841
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
81,811
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
6.1%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Selling, general, and administrative
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
65,556
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
62,667
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
4.6%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Depreciation and amortization
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,488
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,407
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
2.4%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Interest and financing costs
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
265
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
nm
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating expenses
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
69,309
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
66,074
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
4.9%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating income
</p>
</td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$17,532
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$15,737
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
11.4%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted gross billings
</p>
</td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$546,394
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$548,363
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(0.4%)
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted EBITDA
</p>
</td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$23,161
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$21,419
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
8.1%
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td colspan="8" class="bwvertalignt bwpadl0 bwnowrap" rowspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Technology Segment Net Sales by Customer End Market</span>
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwvertalignt bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Twelve Months Ended June 30,
</p>
</td>
<td colspan="3" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwwidth14 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignt bwsinglebottom bwpadl0 bwnowrap bwalignc" rowspan="1">
<p class="bwalignc bwcellpmargin">
% Change
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth14" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<br>
<p class="bwcellpmargin">
Technology
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
21%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
21%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
-
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwnowrap bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Telecom, Media, & Entertainment
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
19%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
14%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
5%
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
SLED
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
16%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
17%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
(1%)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Healthcare
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
15%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
15%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
-
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Financial Services
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
13%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
15%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
(2%)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
All Others
</p>
</td>
<td colspan="2" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
16%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
18%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
(2%)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignt bwpadl0 bwwidth45" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total
</p>
</td>
<td colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1">
<p class="bwalignr bwcellpmargin">
100%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth9" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb bwwidth14" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
100%
</p>
</td>
<td class="bwvertalignt bwpadl0 bwwidth3" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignt bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0 bwwidth45" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth8" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth8" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth14" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth3" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth6" rowspan="1" colspan="1"></td>
<td class="bwpadl0 bwwidth7" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Financing Segment</span>
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwnowrap bwalignc" rowspan="1">
<p class="bwalignc bwcellpmargin">
% Change
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="5" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Net sales
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$13,807
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$12,837
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
7.6%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Cost of sales
</p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
2,091
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
2,009
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
4.1%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Gross profit
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
11,716
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
10,828
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
8.2%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Selling, general, and administrative
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,911
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,120
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
25.4 %
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Depreciation and amortization
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
28
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
56
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
(50.0%)
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Interest and financing costs
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
312
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwsinglebottom bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
628
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
(50.3%)
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating expenses
</p>
</td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
4,251
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
3,804
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
11.8%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"></td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating income
</p>
</td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$7,465
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$7,024
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
6.3%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted EBITDA
</p>
</td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$7,553
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
$7,148
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="2" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1">
<p class="bwalignr bwcellpmargin">
5.7%
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<p>
<strong><em>e</em>Plus inc. AND SUBSIDIARIES
<br>
RECONCILIATION OF NON-GAAP INFORMATION</strong>
</p>
<p>
We included reconciliations below for the following non-GAAP information: (i) Adjusted Gross Billings, (ii) Adjusted EBITDA, (iii) Segment Adjusted EBITDA, (iv) non-GAAP Net Earnings and (v) non-GAAP Net Earnings per Common Share - Diluted.
</p>
<p>
We define adjusted gross billings as our technology segment net sales calculated in accordance with GAAP, adjusted to exclude the costs incurred related to sales of third-party maintenance, software assurance and subscription/SaaS licenses, and services.
</p>
<p>
We define adjusted EBITDA as net earnings calculated in accordance with GAAP, adjusted for the following: interest expense, depreciation and amortization, share based compensation, acquisition and integration expense, provision for income taxes, and other income (expense). Segment adjusted EBITDA is defined as operating income calculated in accordance with GAAP, adjusted for interest expense, share based compensation, acquisition and integration expenses, and depreciation and amortization. We consider the interest on notes payable from our financing segment and depreciation expense presented within cost of sales, which includes depreciation on assets financed as operating leases, to be operating expenses.
</p>
<p>
Non-GAAP net earnings and non-GAAP net earnings per common share – diluted are based on net earnings calculated in accordance with GAAP, adjusted to exclude other income (expense), share based compensation, and acquisition related amortization expense, and the related tax effects.
</p>
<p>
Our use of non-GAAP information as analytical tools has limitations, and you should not consider them in isolation or as substitutes for analysis of our financial results as reported under GAAP. In addition, other companies, including companies in our industry, might calculate non-GAAP adjusted gross billings, adjusted EBITDA, non-GAAP net earnings and non-GAAP net earnings per common share or similarly titled measures differently, which may reduce their usefulness as comparative measures.
</p>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0 bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Technology segment net sales
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$341,224
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$368,535
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0 bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Costs incurred related to sales of third-party
<br>
maintenance, software assurance and
<br>
subscription / SaaS licenses, and services
</p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
205,170
</p>
</td>
<td class="bwvertalignt bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
179,828
</p>
</td>
<td class="bwvertalignt bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted gross billings
</p>
</td>
<td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$546,394
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$548,363
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0 bwalignc" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Consolidated</span>
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Net earnings
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$17,360
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$16,188
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0 bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Provision for income taxes
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
7,735
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
6,528
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Depreciation and amortization [1]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
3,516
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
3,463
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,907
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,942
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0 bwnowrap" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition and integration expense
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
29
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
401
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Interest and financing costs
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
265
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other (income) expense [2]
</p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(98)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
45
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted EBITDA
</p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$30,714
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$28,567
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Technology Segment</span>
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating income
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$17,532
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$15,737
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Depreciation and amortization [1]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
3,488
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
3,407
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,847
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,874
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition and integration expense
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
29
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
401
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Interest and financing costs
</p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
265
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted EBITDA
</p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$23,161
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$21,419
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
<span class="bwuline">Financing Segment</span>
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Operating income
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$7,465
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$7,024
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Depreciation and amortization [1]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
28
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
56
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
60
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
68
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Adjusted EBITDA
</p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$7,553
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$7,148
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwvertalignb bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="4" class="bwpadl0" rowspan="1">
<p class="bwalignc bwcellpmargin">
(in thousands)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
GAAP: Earnings before taxes
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$25,095
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$22,716
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,907
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
1,942
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition and integration expense
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
29
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
401
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition related amortization expense [3]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
2,228
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
2,187
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other (income) expense [2]
</p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(98)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
45
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-GAAP: Earnings before taxes
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
29,161
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
27,291
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
GAAP: Provision for income taxes
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
7,735
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
6,528
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
587
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
559
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition and integration expense
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
9
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
115
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition related amortization expense [3]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
667
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
607
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other (income) expense [2]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(30)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
13
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Tax benefit on restricted stock
</p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(14)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
10
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-GAAP: Provision for income taxes
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
8,954
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
7,832
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-GAAP: Net earnings
</p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$20,207
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$19,459
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td colspan="3" class="bwsinglebottom bwpadl0 bwnowrap" rowspan="1">
<p class="bwalignc bwcellpmargin">
Three Months Ended June 30,
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2020
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1">
<p class="bwcellpmargin bwalignc">
2019
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
GAAP: Net earnings per common share – diluted
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$1.30
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$1.20
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Share based compensation
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.10
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.10
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition and integration expense
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.02
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Acquisition related amortization expense [3]
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.12
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.12
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Other (income) expense [2]
</p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
(0.01)
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwsinglebottom bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
-
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Total non-GAAP adjustments – net of tax
</p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.21
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
0.24
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwsinglebottom bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
Non-GAAP: Net earnings per common share – diluted
</p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$1.51
</p>
</td>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
<td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1">
<p class="bwalignr bwcellpmargin">
$1.44
</p>
</td>
<td colspan="2" class="bwpadl0" rowspan="1">
<p class="bwalignr bwcellpmargin"> </p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"></td>
<td class="bwpadl0" rowspan="1" colspan="1"> </td>
</tr>
</tbody>
</table>
</div>
<div class="bw-release-table-js">
<table cellspacing="0" class="bwtablemarginb bwblockalignl">
<tbody>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
[1] Amount consists of depreciation and amortization for assets used internally.
</p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
[2] Interest income and foreign currency transaction gains and losses.
</p>
</td>
</tr>
<tr>
<td class="bwpadl0" rowspan="1" colspan="1">
<p class="bwcellpmargin">
[3] Amount consists of amortization of intangible assets from acquired businesses.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<p> </p>
</div>
<div class="bw-release-contact">
<div class="hd">
<h2 class="c epi-chromeHeader">Contacts</h2>
</div>
<p>
Kleyton Parkhurst, SVP
<br>
ePlus inc.
<br>
<a rel="nofollow" href="mailto:kparkhurst@eplus.com" shape="rect" target="_blank">kparkhurst@eplus.com
</a>
<br>
703-984-8150
</p>
</div>
<br>
<p>Source: ePlus inc.</p>
</div>
</article>
</div>
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<div id="bwLogo">
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</div>
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