Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Business combinations

Schedule of Net Cash Flows and Purchase Price

	May 31, 2017
Cash consideration paid to former equity holders	$	723,810
Settlement of IronPlanet's debt		36,313
Settlement of IronPlanet's transaction costs		12,583
Cash consideration paid on closing		772,706
Cash consideration paid related to closing adjustments		1,771
Less: cash and cash equivalents acquired		(95,626)
Less: restricted cash acquired		(3,000)
Acquisition of IronPlanet, net of cash acquired	$	675,851
Cash consideration paid on closing	$	772,706
Replacement stock option awards attributable to pre-combination services		4,926
Stock option compensation expense from accelerated vesting of awards attributable to post-combination services		(2,596)
Cash consideration paid relating  to closing adjustments		1,771
Settlement of pre-existing intercompany balances		(333)
Purchase price	$	776,474

Schedule of Assets Acquired and Liabilities Assumed

	May 31, 2017
Purchase price	$	776,474
Assets acquired:
Cash and cash equivalents	$	95,626
Restricted cash		3,000
Trade and other receivables		13,021
Inventory		600
Advances against auction contracts		4,623
Prepaid expenses and deposits		1,645
Income taxes receivable		55
Property, plant and equipment		2,381
Other non-current assets		2,551
Deferred tax assets		1,497
Intangible assets		188,000
Liabilities assumed:
Auction proceeds payable		63,616
Trade and other payables		15,540
Deferred tax liabilities		25,935
Fair value of identifiable net assets acquired		207,908
Goodwill acquired on acquisition	$	568,566