Segmented Information

3 Months Ended

Mar. 31, 2017

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 one reportable 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

5.  Segmented information (continued)

· Other includes the results of the Company’s EquipmentOne and Mascus online services, which are not material to the Company’s consolidated financial statements. On February 19, 2016, the Company acquired Mascus and updated its segment reporting such that the results of EquipmentOne and Mascus (subsequent to acquisition) are reported as “Other.”

		Three months ended
		March 31, 2017
	Core
	Auction		Other			Consolidated
Revenues	$	117,772	$	6,727	$	124,499
Costs of services, excluding
depreciation and amortization		(12,038)		(775)		(12,813)
Selling, General, and administrative
expenses ("SG&A")		(65,570)		(5,005)		(70,575)
Depreciation and amortization expenses		(9,454)		(884)		(10,338)
	$	30,710	$	63	$	30,773
Acquisition-related costs						(8,627)
Gain on disposition of property,
plant and equipment						721
Foreign exchange gain						730
Operating income					$	23,597
Equity loss						(53)
Other and income tax expenses						(13,111)
Net income					$	10,433

		Three months ended
	March 31, 2016
		Core
	Auction		Other			Consolidated
Revenues	$	127,340	$	4,605	$	131,945
Costs of services, excluding
depreciation and amortization		(14,785)		(528)		(15,313)
SG&A expenses		(64,514)		(2,596)		(67,110)
Depreciation and amortization expenses		(9,304)		(776)		(10,080)
	$	38,737	$	705	$	39,442
Acquisition-related costs						(1,197)
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