| Schedule of Total Sales and Operating Income Classified by Major Geographic Area |
Total sales to external customers, inter-segment sales, depreciation expense, amortization expense, and income from operations for each of our four reportable segments are as follows:
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|
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|
|
|
Three Months Ended September 30, 2024 |
|
Three Months Ended September 30, 2023 |
|
Six Months Ended September 30, 2024 |
|
Six Months Ended September 30, 2023 |
| Sales to external customers: |
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|
|
|
|
|
| United States and Latin America |
$ |
58,864 |
|
|
$ |
63,797 |
|
|
$ |
118,848 |
|
|
$ |
117,294 |
|
| Canada |
36,871 |
|
|
36,149 |
|
|
75,216 |
|
|
71,472 |
|
| Europe, Middle East and Africa |
9,028 |
|
|
13,407 |
|
|
16,870 |
|
|
23,088 |
|
| Asia-Pacific |
9,885 |
|
|
10,306 |
|
|
18,840 |
|
|
18,694 |
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| |
$ |
114,648 |
|
|
$ |
123,659 |
|
|
$ |
229,774 |
|
|
$ |
230,548 |
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| Inter-Segment sales: |
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| United States and Latin America |
$ |
12,302 |
|
|
$ |
11,269 |
|
|
$ |
23,410 |
|
|
$ |
19,650 |
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| Canada |
3,520 |
|
|
3,851 |
|
|
7,068 |
|
|
8,583 |
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| Europe, Middle East and Africa |
480 |
|
|
286 |
|
|
897 |
|
|
675 |
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| Asia-Pacific |
384 |
|
|
422 |
|
|
815 |
|
|
1,533 |
|
|
$ |
16,686 |
|
|
$ |
15,828 |
|
|
$ |
32,190 |
|
|
$ |
30,441 |
|
| Depreciation expense: |
|
|
|
|
|
|
|
| United States and Latin America |
$ |
1,232 |
|
|
$ |
1,108 |
|
|
$ |
2,467 |
|
|
$ |
2,164 |
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| Canada |
834 |
|
|
937 |
|
|
1,668 |
|
|
1,848 |
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| Europe, Middle East and Africa |
49 |
|
|
51 |
|
|
98 |
|
|
98 |
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| Asia-Pacific |
56 |
|
|
40 |
|
|
105 |
|
|
78 |
|
|
$ |
2,171 |
|
|
$ |
2,136 |
|
|
$ |
4,338 |
|
|
$ |
4,188 |
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| Amortization expense: |
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|
|
|
|
|
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| United States and Latin America |
$ |
1,653 |
|
|
$ |
449 |
|
|
$ |
3,306 |
|
|
$ |
1,060 |
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| Canada |
1,716 |
|
|
1,745 |
|
|
3,427 |
|
|
3,488 |
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| Europe, Middle East and Africa |
22 |
|
|
22 |
|
|
44 |
|
|
44 |
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| Asia-Pacific |
11 |
|
|
11 |
|
|
22 |
|
|
22 |
|
|
$ |
3,402 |
|
|
$ |
2,227 |
|
|
$ |
6,799 |
|
|
$ |
4,614 |
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| Income from operations: |
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|
|
|
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| United States and Latin America |
$ |
6,578 |
|
|
$ |
12,009 |
|
|
$ |
13,042 |
|
|
$ |
24,290 |
|
| Canada |
8,670 |
|
|
7,520 |
|
|
15,938 |
|
|
11,058 |
|
| Europe, Middle East and Africa |
1,367 |
|
|
2,333 |
|
|
1,709 |
|
|
2,667 |
|
| Asia-Pacific |
622 |
|
|
1,769 |
|
|
1,836 |
|
|
2,676 |
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| Unallocated: |
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|
|
|
|
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| Stock compensation |
(1,511) |
|
|
(1,450) |
|
|
(2,576) |
|
|
(2,688) |
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| Public company costs |
(523) |
|
|
(497) |
|
|
(1,011) |
|
|
(905) |
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| |
$ |
15,203 |
|
|
$ |
21,684 |
|
|
$ |
28,938 |
|
|
$ |
37,098 |
|
|
| Schedule of Reconciliation of Income from Operations |
The following table presents a reconciliation of Income from operations to Income before provision for income taxes:
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|
Three Months Ended September 30, 2024 |
|
Three Months Ended September 30, 2023 |
|
Six Months Ended September 30, 2024 |
|
Six Months Ended September 30, 2023 |
| Income from operations |
|
$ |
15,203 |
|
|
$ |
21,684 |
|
|
$ |
28,938 |
|
|
$ |
37,098 |
|
| Other income/(expenses): |
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|
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| Interest expense, net |
|
(2,790) |
|
|
(1,925) |
|
|
(5,637) |
|
|
(3,509) |
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| Other income/(expense) |
|
563 |
|
|
(267) |
|
|
706 |
|
|
74 |
|
| Income before provision for income taxes |
|
$ |
12,976 |
|
|
$ |
19,492 |
|
|
$ |
24,007 |
|
|
$ |
33,663 |
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|