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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 149,140 $ 121,506 $ 75,306
Adjustments for items not affecting cash:      
Depreciation and amortization expenses 70,501 66,614 52,694
Impairment loss 0 0 8,911
Stock option compensation expense 4,697 8,252 13,700
Equity-classified share units expense 8,047 11,256 3,529
Deferred income tax expense (recovery) 8,826 6,239 (17,268)
Unrealized foreign exchange (gain) loss (3,058) 951 254
Gain on disposition of property, plant and equipment (1,107) (2,731) (1,656)
Amortization of debt issuance costs 4,086 4,995 3,056
Gain on disposition of equity investment   (4,935)  
Amortization of right-of-use assets 12,280    
Other, net 2,779 (2,317) (1,237)
Net changes in operating assets and liabilities 76,602 (65,550) 10,279
Net cash provided by operating activities 332,793 144,280 147,568
Investing activities:      
Acquisition of IronPlanet, net of cash acquired     (675,851)
Property, plant and equipment additions (13,589) (16,860) (10,812)
Intangible asset additions (27,415) (26,152) (28,584)
Proceeds on disposition of property, plant and equipment 5,929 10,586 4,985
Proceeds on disposal of equity investment   6,147  
Other, net (982) (4,674) (692)
Net cash used in investing activities (36,057) (30,953) (710,954)
Financing activities:      
Share repurchase (42,012)    
Dividends paid to stockholders (82,535) (75,678) (72,785)
Dividends paid to NCI     (41)
Issuances of share capital 41,094 28,524 9,936
Payment of withholding taxes on issuance of shares (5,260) (3,901)  
Proceeds from short-term debt 13,169 19,715 6,971
Repayment of short-term debt (28,684) (6,628) (24,479)
Proceeds from long-term debt     325,000
Repayment of long-term debt (76,282) (91,013) (108,985)
Debt issue costs     (12,624)
Repayment of finance lease obligations (6,708) (3,950) (2,322)
Other, net   (1,176) (1,408)
Net cash provided by (used in) financing activities (187,218) (134,107) 119,263
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash 5,171 (4,769) 17,150
Increase (decrease) 114,689 (25,549) (426,973)
Beginning of period 305,567 331,116 758,089
Cash, cash equivalents, and restricted cash, end of period $ 420,256 $ 305,567 $ 331,116