XML 50 R14.htm IDEA: XBRL DOCUMENT v3.20.4
Operating expenses
12 Months Ended
Dec. 31, 2020
Operating expenses  
Operating expenses

7.     Operating expenses

Costs of services

Year ended December 31,

2020

    

2019

    

2018

Ancillary and logistical service expenses

$

59,982

$

59,252

$

66,576

Employee compensation expenses

 

47,745

 

50,093

 

41,391

Buildings, facilities and technology expenses

 

9,886

 

7,865

 

9,477

Travel, advertising and promotion expenses

 

22,636

 

31,652

 

27,606

Other costs of services

 

17,047

 

16,115

 

14,008

$

157,296

$

164,977

$

159,058

SG&A expenses

Year ended December 31,

2020

    

2019

    

2018

Employee compensation expenses

$

286,908

$

246,028

$

249,115

Buildings, facilities and technology expenses

 

62,755

 

61,177

 

60,930

Travel, advertising and promotion expenses

 

25,780

 

38,248

 

36,728

Professional fees

 

18,220

 

15,572

 

16,768

Other SG&A expenses

 

23,860

 

21,364

 

19,135

$

417,523

$

382,389

$

382,676

Acquisition-related costs

Acquisition-related costs consist of operating expenses directly incurred as part of our business combinations such as due diligence and integration planning related to our acquisitions, and share-based continuing employment costs. The following is a summary of our acquisition-related costs:

Year ended December 31,

2020

    

2019

    

2018

Rouse:

Share-based continuing employment costs

$

802

$

$

Other acquisition-related costs

5,212

6,014

IronPlanet:

  

 

  

 

  

Other acquisition-related costs

82

2,944

Other acquisitions:

 

  

 

  

 

  

Continuing employment costs

 

 

128

 

2,091

Other acquisition-related costs

 

 

567

 

58

777

5,093

$

6,014

$

777

$

5,093

7.     Operating expenses (continued)

Depreciation and amortization expenses

Year ended December 31,

2020

    

2019

    

2018

Depreciation expense

$

31,330

$

29,112

$

29,021

Amortization expense

 

43,591

 

41,389

 

37,593

$

74,921

$

70,501

$

66,614

During the year ended December 31, 2020, depreciation expense of $199,000 (2019: $410,000; 2018: $494,000) and amortization expense of $29,779,000 (2019: $27,944,000; 2018: $18,996,000) were recorded relating to software.