XML 65 R47.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Combinations (Narrative) (Details) |  |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Nov. 02, 2021 shares | Aug. 09, 2021 USD ($) | Aug. 09, 2021 GBP (£) | Dec. 08, 2020 USD ($) shares | Sep. 30, 2021 USD ($) shares | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) shares | Sep. 30, 2021 USD ($) shares | Dec. 31, 2022 USD ($) | Sep. 21, 2021 USD ($) | Aug. 08, 2021 USD ($) | Sep. 30, 2020 USD ($)
Rouse Services LLC [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Total purchase price |  |  |  | $ 251,724,000 |  |  |  |  |  |  |  |
Cash consideration paid, including cash placed in escrow |  |  |  | 250,265,000 |  |  |  |  |  |  |  |
Total consideration |  |  |  | 250,996,000 |  |  |  |  |  |  |  |
Cash consideration |  |  |  | 249,537,000 |  | $ 249,537,000 |  |  |  |  |  |
Cash consideration, placed in escrow |  |  |  | $ 2,169,000 |  |  |  |  |  |  |  |
Post-closing release from escrow |  |  |  |  |  | 728,000 |  |  |  |  |  |
Increase in liabilities assumed |  |  |  |  |  |  | $ 603,000 |  |  |  |  |
Reduction in purchase price |  |  |  |  |  | 728,000 |  |  |  |  |  |
Decrease in liabilities assumed |  |  |  |  |  | 1,677,000 |  |  |  |  |  |
Decrease in goodwill |  |  |  |  |  | $ 1,802,000 |  |  |  |  |  |
Escrow deposit |  |  |  |  | $ 1,169,000 |  |  | $ 1,169,000 |  |  |  |
Common stock consideration (in shares) | shares |  |  |  | 312,193 |  |  |  |  |  |  |  |
Vesting period |  |  |  | 3 years |  |  |  |  |  |  |  |
Common stock consideration fair value |  |  |  | $ 1,459,000 |  |  |  |  |  |  |  |
Shares forfeited | shares |  |  |  |  |  |  | 55,510 | 55,510 |  |  |  |
Reversal of share based continuing employment costs |  |  |  |  |  |  | $ 98,000 |  |  |  |  |
Number of common shares expected to vest | shares |  |  |  |  | 256,683 |  |  | 256,683 |  |  |  |
Unrecognized share based continuing employment costs |  |  |  |  | $ 9,191,000 |  |  | $ 9,191,000 |  |  |  | $ 0
Acquisition-related costs for legal, advisory, integration and other professional fees |  |  |  |  | 3,021,000 |  |  |  |  |  |  |
Acquisition related share based continuing employment costs |  |  |  |  | 2,707,000 |  |  |  |  |  |  |
Rouse Services LLC [Member] | Employment Costs [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Common stock consideration fair value |  |  |  | $ 20,735,000 |  |  |  |  |  |  |  |
Euro Auctions Limited [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Cash consideration |  | $ 1,040,000,000.00 | £ 775,000,000 |  |  |  |  |  |  |  |  |
Acquisition-related costs |  |  |  |  | 6,133,000 |  |  |  |  |  |  |
Euro Auctions Limited [Member] | GS Bank [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Financial adviser fees |  |  |  |  |  |  |  |  |  |  | $ 15,000,000 |
Refund of financial adviser fees |  |  |  |  |  |  |  |  |  |  | 2,000,000 |
Financial adviser fees, net of refund |  |  |  |  |  |  |  |  |  |  | 13,000,000 |
SmartEquip [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Acquisition-related costs |  |  |  |  | $ 1,101,000 |  |  |  |  |  |  |
Subsequent Events [Member] | SmartEquip [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Total consideration |  |  |  |  |  |  |  |  | $ 175,000,000 |  |  |
Common stock consideration (in shares) | shares | 63,971 |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Euro Auctions Limited [Member] | GS Bank [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  |  |  |  |  | 530,000,000 |
Term Loan Facility [Member] | Euro Auctions Limited [Member] | GS Bank [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  |  |  |  |  | 100,000,000 |
Bridge Commitments [Member] | Euro Auctions Limited [Member] | GS Bank [Member] |  |  |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  |  |  |  | $ 950,000,000 | $ 1,150,000,000 |
Reduction in borrowing capacity |  |  |  |  |  |  |  |  |  | $ 200,000,000 |  |

X
- Definition Amount of financial advisory fees of the business combination , incurred to consummate the business acquisition. + References No definition available. + Details
Name: | rba_BusinessAcquisitionFinancialAdviserFees
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of refund of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. + References No definition available. + Details
Name: | rba_BusinessAcquisitionRefundOfTransactionCosts
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of direct costs of the business combination including legal, accounting, and other costs, net of refund, incurred to consummate the business acquisition. + References No definition available. + Details
Name: | rba_BusinessAcquisitionTransactionCostsNetOfRefund
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period over which grantee's right to exercise award under business combination arrangement over the service period, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. + References No definition available. + Details
Name: | rba_BusinessCombinationConsiderationEquityIssuedVestingPeriod
Namespace Prefix: | rba_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of equity shares of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. + References No definition available. + Details
Name: | rba_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuableShares
Namespace Prefix: | rba_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred, including working capital adjustments by the acquirer, and equity interest issued by the acquirer. + References No definition available. + Details
Name: | rba_BusinessCombinationConsiderationTransferredIncludingWorkingCapitalAdjustments
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Adjustments to decrease liabilities assumed. + References No definition available. + Details
Name: | rba_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesDecreaseAdjustment
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Adjustments to increase liabilities assumed. + References No definition available. + Details
Name: | rba_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesIncreaseAdjustment
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Reduction in purchase price due to working capital adjustment under purchase agreement. + References No definition available. + Details
Name: | rba_BusinessCombinationReductionInPurchasePrice
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related share based continuing employment costs which have been expensed. + References No definition available. + Details
Name: | rba_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresShareBasedContinuingEmploymentCosts
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Business Combinations, Cash Consideration, Transferred to Escrow + References No definition available. + Details
Name: | rba_BusinessCombinationsCashConsiderationTransferredToEscrow
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount received from escrow on closure of acquisition. + References No definition available. + Details
Name: | rba_BusinessCombinationsPostClosingReleaseFromEscrow
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Reduction in borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References No definition available. + Details
Name: | rba_LineOfCreditFacilityReductionInBorrowingCapacity
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash outflow associated with the acquisition of business during the period, including cash placed in escrow. + References No definition available. + Details
Name: | rba_PaymentsToAcquireBusinessesIncludingEscrow
Namespace Prefix: | rba_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of expected to vest shares-based payment award that may be converted into shares. + References No definition available. + Details
Name: | rba_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpectedToVestNumber
Namespace Prefix: | rba_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=116868678&loc=d3e1043-128460 + Details
Name: | us-gaap_BusinessCombinationAcquisitionRelatedCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of noncash expense (reversal of expense) for employee benefits and share-based payment arrangement. Includes, but is not limited to, pension, other postretirement, postemployment and termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 + Details
Name: | us-gaap_EmployeeBenefitsAndShareBasedCompensationNoncash
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of cost not yet recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.10) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_EscrowDeposit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase (decrease) of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_GoodwillPeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireBusinessesGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(3) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rba_RouseServicesLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=rba_EmploymentCostsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rba_EuroAuctionsLimitedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=rba_GoldmanSachsBankUsaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rba_SmartequipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rba_TermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_BridgeLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |