Segmented Information

3 Months Ended

Mar. 31, 2016

Segmented Information [Abstract]

Segmented Information

5.  Segmented  information

The Company’s principal business activity is the sale of industrial equipment and other assets at auctions. The Company’s operations are comprised of onereportable segment and other business activities that are not reportable as follows:

· Core Auction segment, a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding; and

· Other includes the results of the Company’s EquipmentOne and Mascus online services, which are not material to the Company’s consolidated financial statements. During the three months ended March 31, 2016, the Company acquired Mascus and has updated its segment reporting such that the results of EquipmentOne and Mascus (subsequent to acquisition in February 2016) are reported as “Other.”

The Chief Operating Decision Maker evaluates segment performance based on earnings (loss) from operations. The significant non-cash item included in segment earnings (loss) from operations is depreciation and amortization.

		Core
Three months ended March 31, 2016	Auction		Other			Consolidated
Revenues	$	127,340	$	4,605	$	131,945
Costs of services, excluding
depreciation and amortization		(14,785)		(528)		(15,313)
Selling, general and administrative expenses		(64,820)		(3,487)		(68,307)
Depreciation and amortization expenses		(9,304)		(776)		(10,080)
		38,431	$	(186)	$	38,245
Gain on disposition of property,
plant and equipment						246
Foreign exchange gain						683
Operating income					$	39,174
Equity income						519
Other and income tax expenses						(9,699)
Net income					$	29,994

		Core
Three months ended March 31, 2015	Auction		Other			Consolidated
Revenues	$	112,645	$	2,973	$	115,618
Costs of services, excluding
depreciation and amortization		(11,609)		-		(11,609)
Selling, general and administrative expenses		(60,598)		(3,158)		(63,756)
Depreciation and amortization expenses		(9,696)		(920)		(10,616)
	$	30,742	$	(1,105)	$	29,637
Gain on disposition of property,
plant and equipment						175
Foreign exchange gain						3,207
Operating income					$	33,019
Equity income						233
Other and income tax expenses						(9,142)
Net income					$	24,110