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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Significant Accounting Policies [Abstract]  
Depreciation of Assets Based on Usage



 

 

 

 



 

 

 

 

Asset

 

 

Rate / term

 

Land improvements

 

 

10% 

 

Buildings

 

 

15 - 30 years

 

Yard equipment

 

 

20 - 30%

 

Automotive equipment

 

 

30% 

 

Computer software and equipment

 

 

3 - 5 years

 

Office equipment

 

 

20% 

 

Leasehold improvements

 

 

Lease term

 



Amortization of Intangible Assets



 

 

 

 



 

 

 

 

Asset

Basis

 

Rate / term

 

Trade names and trademarks

Straight-line

 

3 - 15 years or indefinite-lived

 

Customer relationships

Straight-line

 

6 - 20 years

 

Software assets

Straight-line

 

3 - 7 years

 



Schedule of Adoption of New Accounting Pronouncements





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

Consolidated income statement line item

As reported

 

New Revenue Standard Adjustment

 

Consolidated income statement line item

As Adjusted

Revenues

$

610,517 

 

$

13,900 

 

Service revenues

$

624,417 



 

 

 

 

346,774 

 

Revenue from inventory sales

 

346,774 



 

 

 

 

360,674 

 

Total revenues

 

971,191 

Costs of services

 

(79,013)

 

 

(54,176)

 

Costs of services

 

(133,189)



 

 

 

 

(306,498)

 

Cost of inventory sold

 

(306,498)



$

531,504 

 

$

 -

 

 

$

531,504 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

Consolidated income statement line item

As reported

 

New Revenue Standard Adjustment

 

Consolidated income statement line item

As Adjusted

Revenues

$

566,395 

 

$

(10,552)

 

Service revenues

$

555,843 



 

 

 

 

571,134 

 

Revenue from inventory sales

 

571,134 



 

 

 

 

560,582 

 

Total revenues

 

1,126,977 

Costs of services

 

(66,062)

 

 

(47,234)

 

Costs of services

 

(113,296)



 

 

 

 

(513,348)

 

Cost of inventory sold

 

(513,348)



$

500,333 

 

$

 -

 

Gross profit

$

500,333 



(ii)

 Effective January 1, 2018, the Company adopted ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 identifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are applied retrospectively on the amendment date. The adoption of ASU 2016-15 resulted in the $1,302,000 Mascus contingent consideration paid in the second quarter of 2017 to be reclassified from operating to financing cash flows.