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Operating Expenses
12 Months Ended
Dec. 31, 2018
Operating Expenses [Abstract]  
Operating Expenses

6.  Operating expenses

Costs of services



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2018 

 

 

2017 

 

 

2016 

Ancillary and logistical service expenses

 

$

66,576 

 

$

54,176 

 

$

47,234 

Employee compensation expenses

 

 

41,391 

 

 

35,440 

 

 

27,856 

Buildings, facilities and technology expenses

 

 

9,477 

 

 

8,359 

 

 

7,966 

Travel, advertising and promotion expenses

 

 

27,606 

 

 

23,994 

 

 

23,688 

Other costs of services

 

 

14,008 

 

 

11,220 

 

 

6,552 



 

$

159,058 

 

$

133,189 

 

$

113,296 



SG&A expenses



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2018 

 

 

2017 

 

 

2016 

Employee compensation expenses

 

$

249,115 

 

$

208,370 

 

$

180,929 

Buildings, facilities and technology expenses

 

 

60,930 

 

 

53,151 

 

 

49,219 

Travel, advertising and promotion expenses

 

 

36,728 

 

 

30,440 

 

 

24,384 

Professional fees

 

 

16,768 

 

 

13,522 

 

 

13,344 

Other SG&A expenses

 

 

19,135 

 

 

17,787 

 

 

15,653 



 

$

382,676 

 

$

323,270 

 

$

283,529 



Acquisition-related costs

Acquisition-related costs consist of operating expenses directly incurred as part of a business combination, due diligence and integration planning related to the IronPlanet acquisition (note 29), and continuing employment costs that are recognized separately from our business combinations.



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2018 

 

 

2017 

 

 

2016 

IronPlanet:

 

 

 

 

 

 

 

 

 

Other acquisition-related costs

 

$

2,944 

 

$

34,653 

 

$

8,202

Other acquisitions:

 

 

 

 

 

 

 

 

 

Continuing employment costs

 

 

2,091 

 

 

3,418 

 

 

2,491

Other acquisition-related costs

 

 

58 

 

 

201 

 

 

1,136



 

$

5,093 

 

$

38,272 

 

$

11,829 



 

 

 

 

 

 

 

 

 

Depreciation and amortization expenses



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2018 

 

 

2017 

 

 

2016 

Depreciation expense

 

$

29,021 

 

$

28,337 

 

$

30,983 

Amortization expense

 

 

37,593 

 

 

24,357 

 

 

9,878 



 

$

66,614 

 

$

52,694 

 

$

40,861 



During the year ended December 31, 2018, depreciation expense of $494,000 (2017:  $1,207,000; 2016: $2,880,000) and amortization expense of $18,996,000 (2017:  $11,662,000; 2016: $7,218,000) were recorded relating to software.