2020 Q3 Form 10-Q Financial Statement
#000156459020049966 Filed on November 03, 2020
Income Statement
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| Revenue | $1.936B | $1.913B |
| YoY Change | 1.25% | 9.43% |
| Cost Of Revenue | $1.629B | $1.636B |
| YoY Change | -0.45% | 8.17% |
| Gross Profit | $307.6M | $276.2M |
| YoY Change | 11.36% | 17.57% |
| Gross Profit Margin | 15.88% | 14.44% |
| Selling, General & Admin | $245.2M | $223.2M |
| YoY Change | 9.83% | 21.25% |
| % of Gross Profit | 79.71% | 80.82% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $16.75M | $11.47M |
| YoY Change | 46.05% | 20.85% |
| % of Gross Profit | 5.45% | 4.15% |
| Operating Expenses | $245.2M | $223.2M |
| YoY Change | 9.83% | 21.25% |
| Operating Profit | $61.48M | $44.42M |
| YoY Change | 38.4% | -11.06% |
| Interest Expense | $9.115M | $7.694M |
| YoY Change | 18.47% | 32.61% |
| % of Operating Profit | 14.83% | 17.32% |
| Other Income/Expense, Net | -$1.301M | $538.0K |
| YoY Change | -341.82% | -107.99% |
| Pretax Income | $51.07M | $37.27M |
| YoY Change | 37.03% | -13.76% |
| Income Tax | $12.16M | $10.13M |
| % Of Pretax Income | 23.81% | 27.19% |
| Net Earnings | $38.91M | $27.13M |
| YoY Change | 43.4% | -15.62% |
| Net Earnings / Revenue | 2.01% | 1.42% |
| Basic Earnings Per Share | $1.11 | $0.76 |
| Diluted Earnings Per Share | $1.10 | $0.76 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 35.08M | 35.51M |
| Diluted Shares Outstanding | 35.35M | 35.87M |
Balance Sheet
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $75.20M | $140.5M |
| YoY Change | -46.48% | 26.46% |
| Cash & Equivalents | $77.15M | $140.5M |
| Short-Term Investments | ||
| Other Short-Term Assets | $225.1M | $121.0M |
| YoY Change | 86.08% | 16.57% |
| Inventory | $158.4M | $219.9M |
| Prepaid Expenses | ||
| Receivables | $2.268B | $2.321B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.726B | $2.802B |
| YoY Change | -2.7% | 35.45% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $209.1M | $170.0M |
| YoY Change | 23.0% | 129.42% |
| Goodwill | $358.4M | |
| YoY Change | 114.52% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $75.50M | $298.5M |
| YoY Change | -74.7% | 325.06% |
| Total Long-Term Assets | $1.101B | $1.180B |
| YoY Change | -6.72% | 167.12% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.726B | $2.802B |
| Total Long-Term Assets | $1.101B | $1.180B |
| Total Assets | $3.827B | $3.982B |
| YoY Change | -3.89% | 58.63% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.643B | $1.428B |
| YoY Change | 15.05% | 43.46% |
| Accrued Expenses | $238.7M | $254.7M |
| YoY Change | -6.27% | 41.41% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.400M | $1.100M |
| YoY Change | 27.27% | -93.68% |
| Total Short-Term Liabilities | $1.964B | $1.752B |
| YoY Change | 12.1% | 39.41% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $294.7M | $835.7M |
| YoY Change | -64.74% | 232.55% |
| Other Long-Term Liabilities | $265.1M | $233.4M |
| YoY Change | 13.58% | 295.59% |
| Total Long-Term Liabilities | $559.8M | $1.069B |
| YoY Change | -47.64% | 1712.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.964B | $1.752B |
| Total Long-Term Liabilities | $559.8M | $1.069B |
| Total Liabilities | $2.564B | $2.880B |
| YoY Change | -10.95% | 83.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.263B | $1.103B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.827B | $3.982B |
| YoY Change | -3.89% | 58.63% |
Cashflow Statement
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $38.91M | $27.13M |
| YoY Change | 43.4% | -15.62% |
| Depreciation, Depletion And Amortization | $16.75M | $11.47M |
| YoY Change | 46.05% | 20.85% |
| Cash From Operating Activities | -$35.40M | -$13.90M |
| YoY Change | 154.68% | -86.61% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$6.200M | -$6.300M |
| YoY Change | -1.59% | 162.5% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$660.9M |
| YoY Change | -100.0% | 787.11% |
| Cash From Investing Activities | -$6.200M | -$667.3M |
| YoY Change | -99.07% | 767.75% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -38.50M | 713.4M |
| YoY Change | -105.4% | 1665.84% |
| NET CHANGE | ||
| Cash From Operating Activities | -35.40M | -13.90M |
| Cash From Investing Activities | -6.200M | -667.3M |
| Cash From Financing Activities | -38.50M | 713.4M |
| Net Change In Cash | -80.10M | 32.20M |
| YoY Change | -348.76% | -122.95% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$35.40M | -$13.90M |
| Capital Expenditures | -$6.200M | -$6.300M |
| Free Cash Flow | -$29.20M | -$7.600M |
| YoY Change | 284.21% | -92.5% |
Facts In Submission
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Basis Of Accounting
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <p id="Notes" style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</span><span style="margin-left:36pt;">Basis</span><span style="font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> of Presentation and Rece</span><span style="font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">ntly Issued Accounting </span><span style="font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Standards</span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We empower organizations of all sizes with Intelligent Technology Solutions<sup style="font-size:85%;line-height:120%;vertical-align:top">TM</sup> and services to maximize the business value of Information Technology (“IT”) in North America; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). As a Fortune 500-ranked global provider of digital innovation, cloud/data center transformation, connected workforce, and supply chain optimization solutions, we help clients innovate and optimize their operations to run smarter. Our company is organized in the following three operating segments, which are primarily defined by their related geographies:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:60%;"> <tr style="height:13.5pt;"> <td style="width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="text-decoration:underline;">Operating Segment</span></p></td> <td style="width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="text-decoration:underline;">Geography</span></p></td> </tr> <tr style="height:15.75pt;"> <td style="background-color:#CFF0FC;width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">North America</p></td> <td style="background-color:#CFF0FC;width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United States and Canada</p></td> </tr> <tr style="height:15.75pt;"> <td style="width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:10.15pt;;text-indent:-10.15pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EMEA</p></td> <td style="width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Europe, Middle East and Africa</p></td> </tr> <tr style="height:15.75pt;"> <td style="background-color:#CFF0FC;width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APAC</p></td> <td style="background-color:#CFF0FC;width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Asia-Pacific</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our offerings in North America and certain countries in EMEA and APAC include hardware, software and services. Our offerings in the remainder of our EMEA and APAC segments consist of largely software and certain software-related services. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of September 30, 2020 and our results of operations for the three and nine months ended September 30, 2020 and 2019 and cash flows for the nine months ended September 30, 2020 and 2019. The consolidated balance sheet as of December 31, 2019 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the SEC and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”). </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The results of operations for interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of our business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2019. Our results of operations include the results of PCM, Inc. (“PCM”) from its acquisition date of August 30, 2019 and vNext from its acquisition date of February 28, 2020. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Verdana;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Recently Issued Accounting Standards</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:3.57%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. We do not expect this new standard to have a material effect on our consolidated financial statements. </p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:3.57%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses.” The new standard is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held at each reporting date. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” The new standard update provides changes for how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses. In November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” The new standard update provides amendments to the reporting of expected recoveries. We adopted these new standards as of January 1, 2020. The adoption of these new standards did not have a material effect on our consolidated financial statements.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There have been no other material changes in or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2019 that affect or may affect our current financial statements.</p> | ||
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1912547000 | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1912547000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5434034000 | ||
| CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35868000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5434034000 | ||
| CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
84814000 | |
| us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
-53454000 | ||
| nsit |
Contract With Customer Liability Cash Received In Advance And Not Recognized As Revenue
ContractWithCustomerLiabilityCashReceivedInAdvanceAndNotRecognizedAsRevenue
|
-49374000 | ||
| CY2020Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
80734000 | |
| us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
|
With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, remaining performance obligations that have original expected durations of one year or less are not included in the table above. Amounts not included in the table above have an average original expected duration of nine months. | ||
| nsit |
Time And Material Contracts Average Expected Duration
TimeAndMaterialContractsAverageExpectedDuration
|
P20M | ||
| CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
38906000 | |
| CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27132000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
119252000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
116457000 | ||
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35077000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35512000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35123000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35631000 | ||
| CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
271000 | |
| CY2019Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
356000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
295000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
396000 | ||
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35348000 | |
| CY2020Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
2675000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35418000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36027000 | ||
| CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.11 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.40 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.27 | ||
| CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.76 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.37 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.23 | ||
| CY2019Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
3822000 | |
| CY2020Q3 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
296144000 | |
| CY2019Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
859364000 | |
| CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1422000 | |
| CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1691000 | |
| CY2020Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
294722000 | |
| CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
857673000 | |
| CY2020Q3 | nsit |
Lease Right Of Use Asset
LeaseRightOfUseAsset
|
83807000 | |
| CY2019Q4 | nsit |
Lease Right Of Use Asset
LeaseRightOfUseAsset
|
77981000 | |
| CY2020Q3 | nsit |
Lease Liability
LeaseLiability
|
90652000 | |
| CY2019Q4 | nsit |
Lease Liability
LeaseLiability
|
83755000 | |
| CY2020Q3 | us-gaap |
Lease Cost
LeaseCost
|
6808000 | |
| us-gaap |
Lease Cost
LeaseCost
|
20468000 | ||
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
6021000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
564000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
6585000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
22194000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
1077000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
23271000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
19099000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
645000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
|
19744000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
13477000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
449000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
|
13926000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
8430000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
45000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
|
8475000 | |
| CY2020Q3 | nsit |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
28999000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due After Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
|
28999000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
98220000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
2780000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
|
101000000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
10243000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
105000 | |
| CY2020Q3 | nsit |
Operating And Finance Leases Future Minimum Payments Interest Included In Payments
OperatingAndFinanceLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
10348000 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
87977000 | |
| CY2020Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
2675000 | |
| CY2020Q3 | nsit |
Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
|
90652000 | |
| us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised | ||
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0343 | |
| CY2019Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0365 | |
| CY2020Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0346 | |
| CY2019Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0485 | |
| CY2020Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
6360000 | |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
19444000 | ||
| CY2020Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
577000 | |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
23178000 | ||
| nsit |
Percentage Of Award Vested Upon Completion Of Acquisition
PercentageOfAwardVestedUponCompletionOfAcquisition
|
0.90 | ||
| CY2020Q3 | us-gaap |
Share Price
SharePrice
|
56.58 | |
| CY2020Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | ||
| CY2020Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
| CY2019Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.272 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.254 | ||
| CY2019Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
| CY2020Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10659000 | |
| CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
9736000 | |
| CY2020Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
610000 | |
| CY2019Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
442000 | |
| us-gaap |
Significant Change In Unrecognized Tax Benefits Nature Of Event
SignificantChangeInUnrecognizedTaxBenefitsNatureOfEvent
|
Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could increase or decrease the balance of our gross unrecognized tax benefits. | ||
| CY2020Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | |
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
444813 | ||
| us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
24999996 | ||
| CY2019Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
223215000 | |
| CY2019Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2662000 | |
| CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
61482000 | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1912547000 | |
| CY2019Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1636352000 | |
| CY2019Q3 | us-gaap |
Gross Profit
GrossProfit
|
276195000 | |
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
56.20 | ||
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
541117 | ||
| us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
27899000 | ||
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
51.56 | ||
| nsit |
Number Of Months Of Salary Paid As Severance On Change Of Control
NumberOfMonthsOfSalaryPaidAsSeveranceOnChangeOfControl
|
from three to twenty-four months | ||
| CY2020Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
| us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
None of our clients exceeded ten percent of consolidated net sales for the three and nine months ended September 30, 2020 or 2019. | ||
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1628915000 | |
| CY2020Q3 | us-gaap |
Gross Profit
GrossProfit
|
307563000 | |
| CY2020Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
245155000 | |
| CY2020Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
808000 | |
| CY2020Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
118000 | |
| CY2019Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
5896000 | |
| CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
44422000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
5091976000 | ||
| us-gaap |
Gross Profit
GrossProfit
|
957288000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
756598000 | ||
| us-gaap |
Restructuring Charges
RestructuringCharges
|
9962000 | ||
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2195000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
188533000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5434034000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4633918000 | ||
| us-gaap |
Gross Profit
GrossProfit
|
800116000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
613767000 | ||
| us-gaap |
Restructuring Charges
RestructuringCharges
|
3712000 | ||
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
9059000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
173578000 | ||
| CY2020Q3 | us-gaap |
Assets
Assets
|
3827310000 | |
| CY2019Q4 | us-gaap |
Assets
Assets
|
4178179000 | |
| CY2020Q3 | us-gaap |
Depreciation
Depreciation
|
7319000 | |
| CY2019Q3 | us-gaap |
Depreciation
Depreciation
|
5524000 | |
| us-gaap |
Depreciation
Depreciation
|
21820000 | ||
| us-gaap |
Depreciation
Depreciation
|
15506000 | ||
| CY2020Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9433000 | |
| CY2019Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5946000 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
29555000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
13590000 | ||
| CY2020Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16752000 | |
| CY2019Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11470000 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
51375000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
29096000 |
