Assets Held For Sale

9 Months Ended

Sep. 30, 2016

Assets Held For Sale [Abstract]

Assets Held For Sale

15.  Assets held for sale

Balance, December 31, 2015	$	629
Disposal		(242)
Other		3
Balance, September 30, 2016	$	390

During the three months ended September 30, 2016, the Company sold excess auction site acreage in Denver, United States, for net proceeds of $735,000 resulting in a gain of $493,000.  

As at September 30, 2016, the Company’s assets held for sale consisted of excess auction site acreage located in Orlando, United States.Management made the strategic decision to sell this excess acreage to maximize the Company’s return on invested capital. This land asset belongs to the Core Auction reportable segment.  

15.  Assets held for sale (continued)

The property continues to be actively marketed for sale through an independent real estate broker, and management expects the sales to be completed within 12 months of September 30, 2016.