XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.23.1

Share-based Payments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Compensation Costs Related to Share-Based Payments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
​ |  | 2023 |  | 2022
Selling, general and administrative: |  | ​ |  |  | ​ |
Stock option compensation expense | ​ | $ | 2.6 | ​ | $ | 2.6
Equity-classified share units | ​ | ​ | 3.5 | ​ | ​ | 2.9
Liability-classified share units | ​ | ​ | — | ​ | ​ | (0.8)
Employee share purchase plan - employer contributions | ​ |  | 0.6 | ​ |  | 0.7
​ | ​ | ​ | 6.7 | ​ | ​ | 5.4
Acquisition-related and integration costs: | ​ |  | ​ | ​ |  | ​
Acceleration of share-based payments expense | ​ | ​ | 5.0 | ​ | ​ | —
Share-based continuing employment costs | ​ |  | 1.0 | ​ |  | 2.1
​ | ​ |  | 6.0 | ​ |  | 2.1
​ | ​ | $ | 12.7 | ​ | $ | 7.5
​
Summary of Stock Option Activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Stock options | ​ | Premium-priced stock options
​ | ​ | ​ | ​ | ​ | ​ | WA | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | WA | ​ | ​ | ​
​ | Common | ​ | WA | ​ | remaining | ​ | Aggregate | ​ | Common | ​ | WA | ​ | remaining | ​ | Aggregate
​ | shares under | ​ | exercise | ​ | contractual | ​ | intrinsic | ​ | shares under | ​ | exercise | ​ | contractual | ​ | intrinsic
​ | option |  | price |  | life (in years) |  | value |  | option |  | price |  | life (in years) |  | value
Outstanding, December 31, 2022 | 2,730,295 | ​ | $ | 46.88 | ​ | ​ | 7.3 | ​ | $ | 31.2 | ​ | 1,118,432 | ​ | $ | 91.26 | ​ | ​ | 4.7 | ​ | $ | —
Granted | — | ​ | ​ | — | ​ |  | — | ​ |  | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Assumed in IAA acquisition (Note 5) | 187,727 | ​ | ​ | 50.96 | ​ | ​ | — | ​ | ​ | 1.7 | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Exercised | (19,729) | ​ | ​ | 34.01 | ​ | ​ | — | ​ | ​ | 0.5 | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Forfeited | (52,978) | ​ | ​ | 45.33 | ​ |  | — | ​ |  | — | ​ | (38,635) | ​ | ​ | 91.19 | ​ |  | — | ​ |  | —
Outstanding, March 31, 2023 | 2,845,315 | ​ | $ | 47.26 | ​ | ​ | 6.5 | ​ | $ | 28.7 | ​ | 1,079,797 | ​ | $ | 91.26 | ​ | ​ | 4.3 | ​ | $ | —
Exercisable, March 31, 2023 | 2,069,936 | ​ | $ | 43.61 | ​ | ​ | 5.8 | ​ | $ | 27.8 | ​ | — | ​ | $ | — | ​ |  | — | ​ | $ | —
​
Summary of Share Unit Activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Equity-classified awards | ​ | Liability-classified awards
​ | ​ | PSUs | ​ | PSUs with Market Conditions | ​ | RSUs | ​ | DSUs
​ | ​ | ​ | ​ | WA grant | ​ | ​ | ​ | WA grant | ​ | ​ | ​ | WA grant | ​ | ​ | ​ | ​ | WA grant
​ | ​ | ​ | ​ | date fair | ​ | ​ | ​ | date fair | ​ | ​ | ​ | date fair | ​ | ​ | ​ | ​ | date fair
​ |  | Number |  | value |  | Number |  | value |  | Number |  | value |  | ​ | Number |  | value
Outstanding, December 31, 2022 |  | 662,634 | ​ | $ | 51.71 | ​ | 102,879 | ​ | $ | 66.08 | ​ | 68,024 | ​ | $ | 58.32 |  | ​ | 108,365 | ​ | $ | 39.35
Granted |  | 10,216 | ​ |  | 56.74 | ​ | — | ​ |  | — | ​ | 1,137 | ​ |  | 60.11 |  | ​ | 7,094 | ​ |  | 53.05
Assumed in IAA acquisition (Note 5) |  | — | ​ |  | — | ​ | — | ​ |  | — | ​ | 366,379 | ​ |  | 52.79 |  | ​ | — | ​ |  | —
Vested and settled |  | (283,086) | ​ |  | 42.23 | ​ | — | ​ |  | — | ​ | (23,986) | ​ |  | 53.68 |  | ​ | — | ​ |  | —
Forfeited |  | (4,123) | ​ |  | 58.93 | ​ | — | ​ |  | — | ​ | (1,459) | ​ |  | 60.95 |  | ​ | — | ​ |  | —
Outstanding at March 31, 2023 |  | 385,641 | ​ | $ | 58.72 | ​ | 102,879 | ​ | $ | 66.08 | ​ | 410,095 | ​ | $ | 53.65 |  | ​ | 115,459 | ​ | $ | 40.19
Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Significant Assumptions Used to Estimate the Fair Value of Stock Options | ​
​ | ​ | ​ | ​
Three months ended March 31, |  | 2022 |
Risk free interest rate |  | 2.1 | %
Expected dividend yield |  | 1.75 | %
Expected lives of the stock options |  | 4 | years
Expected volatility |  | 31.7 | %
​
IAA | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Significant Assumptions Used to Estimate the Fair Value of Stock Options | ​
​ | ​ | ​ | ​
Three months ended March 31, |  | 2023 |
Risk free interest rate |  | 3.9 | %
Expected dividend yield |  | 2.05 | %
Expected lives of the stock options |  | 2 | years
Expected volatility |  | 33.3 | %
​

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + 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 (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: 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) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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