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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Net Cash Flows and Purchase Price



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

May 31, 2017

Cash consideration paid to former equity holders

 

 

 

 

$

723,810 

Settlement of IronPlanet's debt

 

 

 

 

 

36,313 

Settlement of IronPlanet's transaction costs

 

 

 

 

 

12,583 

Cash consideration paid on closing

 

 

 

 

 

772,706 

Cash consideration paid related to closing adjustments

 

 

 

 

 

1,771 

Less: cash and cash equivalents acquired

 

 

 

 

 

(95,626)

Less: restricted cash acquired

 

 

 

 

 

(3,000)

Acquisition of IronPlanet, net of cash acquired

 

 

 

 

$

675,851 



 

 

 

 

 

 

Cash consideration paid on closing

 

 

 

 

$

772,706 

Replacement stock option awards attributable to pre-

 

 

 

 

 

 

combination services

 

 

 

 

 

4,926 

Stock option compensation expense from accelerated vesting

 

 

 

 

 

 

of awards attributable to post-combination services

 

 

 

 

 

(2,596)

Cash consideration paid relating  to closing adjustments

 

 

 

 

 

1,771 

Settlement of pre-existing intercompany balances

 

 

 

 

 

(333)

Purchase price

 

 

 

 

$

776,474 



Schedule of Assets Acquired and Liabilities Assumed



 

 

 



 

 

 



 

 

May 31, 2017

Purchase price

 

$

776,474 



 

 

 

Assets acquired:

 

 

 

Cash and cash equivalents

 

$

95,626 

Restricted cash

 

 

3,000 

Trade and other receivables

 

 

13,021 

Inventory

 

 

600 

Advances against auction contracts

 

 

4,623 

Prepaid expenses and deposits

 

 

1,645 

Income taxes receivable

 

 

55 

Property, plant and equipment

 

 

2,381 

Other non-current assets

 

 

2,551 

Deferred tax assets

 

 

1,497 

Intangible assets ~

 

 

188,000 



 

 

 

Liabilities assumed:

 

 

 

Auction proceeds payable

 

 

63,616 

Trade and other payables

 

 

15,540 

Deferred tax liabilities

 

 

25,935 

Fair value of identifiable net assets acquired

 

 

207,908 

Goodwill acquired on acquisition

 

$

568,566