Assets Held For Sale

12 Months Ended

Dec. 31, 2017

Assets Held For Sale [Abstract]

Assets Held For Sale

17.  Assets held for sale

Balance, December 31, 2015	$	629
Reclassified from property, plant and equipment		237
Disposal		(242)
Site preparation costs		8
Balance, December 31, 2016	$	632
Site preparation costs		25
Reclassified from property, plant and equipment		411
Disposal		(484)
Balance, December 31, 2017	$	584

As at December 31, 2017, the Company’s assets held for sale consisted of excess auction site acreage located in Denver and Kansas City, United States.  Management made the strategic decision to sell this excess acreage to maximize the Company’s return on invested capital. The properties have been actively marketed for sale, and management expects the sales to be completed within 12 months of December 31, 2017.This land belongs to the A&M reportable segment.

During the year ended December 31, 2017, the Company sold excess auction site acreage in Orlando, United States, and Truro, Canada, for net proceeds of $1,084,000 resulting in net gains of $602,000(2016: $493,000 gain related to the sale of property located in Denver, United States; 2015: $8,485,000 gain related to the sale of property in Edmonton, Canada, and London, Canada).