SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

KAR Auction Services, Inc. – ‘10-K’ for 12/31/20 – ‘R35’

On:  Thursday, 2/18/21, at 9:00am ET   ·   For:  12/31/20   ·   Accession #:  1395942-21-6   ·   File #:  1-34568

Previous ‘10-K’:  ‘10-K’ on 2/19/20 for 12/31/19   ·   Next:  ‘10-K’ on 2/23/22 for 12/31/21   ·   Latest:  ‘10-K’ on 2/21/24 for 12/31/23   ·   49 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/18/21  KAR Auction Services, Inc.        10-K       12/31/20  105:14M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K for the Year Ended December 31, 2020      HTML   1.75M 
 2: EX-10.1E    Exhibit 10.1E - Technical Amendment                 HTML     37K 
 5: EX-10.30    Exhibit 10.30 - Form of Nq Stock Option Agreement   HTML     52K 
 6: EX-10.37B   Exhibit 10.37B - Assignment and Assumption          HTML     36K 
                Agreement                                                        
 3: EX-10.6     Exhibit 10.6 - Employment Agreement                 HTML     75K 
 4: EX-10.8     Exhibit 10.8 - Aip Summary of Terms 2021            HTML     39K 
 7: EX-21.1     Exhibit 21.1 - List of Subsidiaries                 HTML     44K 
 8: EX-23.1     Exhibit 23.1 - Consent of Independent Registered    HTML     27K 
                Public Accounting Firm                                           
 9: EX-31.1     Exhibit 31.1 - CEO Sox 302 Certification            HTML     30K 
10: EX-31.2     Exhibit 31.2 - CFO Sox 302 Certification            HTML     30K 
11: EX-32.1     Exhibit 32.1 - CEO Sox 906 Certification            HTML     27K 
12: EX-32.2     Exhibit 32.2 - CFO Sox 906 Certification            HTML     27K 
19: R1          Document and Entity Information Cover               HTML     91K 
20: R2          Consolidated Statements of Income                   HTML    121K 
21: R3          Consolidated Statements of Comprehensive Income     HTML     48K 
                (Loss)                                                           
22: R4          Consolidated Balance Sheets                         HTML    163K 
23: R5          Consolidated Statements of Stockholders' Equity     HTML     99K 
24: R6          Consolidated Statements of Cash Flows               HTML    146K 
25: R7          Organization and Other Matters                      HTML     40K 
26: R8          Summary of Significant Accounting Policies          HTML     93K 
27: R9          Acquisitions                                        HTML     38K 
28: R10         IAA Separation and Discontinued Operations          HTML     65K 
29: R11         Stock and Stock-Based Compensation Plans            HTML     95K 
30: R12         Net Income (Loss) from Continuing Operations Per    HTML     51K 
                Share                                                            
31: R13         Allowance for Credit Losses and Doubtful Accounts   HTML     54K 
32: R14         Finance Receivables and Obligations Collateralized  HTML     64K 
                by Finance Receivables                                           
33: R15         Goodwill and Other Intangible Assets                HTML     80K 
34: R16         Property and Equipment                              HTML     46K 
35: R17         Self Insurance and Retained Loss Reserves           HTML     40K 
36: R18         Long-Term Debt                                      HTML     63K 
37: R19         Financial Instruments                               HTML     50K 
38: R20         Convertible Preferred Stock                         HTML     36K 
39: R21         Leases                                              HTML     79K 
40: R22         Income Taxes                                        HTML    124K 
41: R23         Employee Benefit Plans                              HTML     32K 
42: R24         Commitments and Contingencies                       HTML     32K 
43: R25         Accumulated Other Comprehensive Loss                HTML     35K 
44: R26         Segment Information                                 HTML    133K 
45: R27         Quarterly Financial Data (Unaudited)                HTML     94K 
46: R28         Summary of Significant Accounting Policies          HTML    166K 
                (Policies)                                                       
47: R29         Summary of Significant Accounting Policies          HTML     39K 
                (Tables)                                                         
48: R30         IAA Separation and Discontinued Operations          HTML     66K 
                (Tables)                                                         
49: R31         Stock and Stock-Based Compensation Plans (Tables)   HTML     96K 
50: R32         Net Income (Loss) from Continuing Operations Per    HTML     48K 
                Share (Tables)                                                   
51: R33         Allowance for Credit Losses and Doubtful Accounts   HTML     57K 
                (Tables)                                                         
52: R34         Finance Receivables and Obligations Collateralized  HTML     55K 
                by Finance Receivables (Tables)                                  
53: R35         Goodwill and Other Intangible Assets (Tables)       HTML     80K 
54: R36         Property and Equipment (Tables)                     HTML     45K 
55: R37         Self Insurance and Retained Loss Reserves (Tables)  HTML     38K 
56: R38         Long-Term Debt (Tables)                             HTML     57K 
57: R39         Financial Instruments (Tables)                      HTML     44K 
58: R40         Leases (Tables)                                     HTML     83K 
59: R41         Income Taxes (Tables)                               HTML    125K 
60: R42         Accumulated Other Comprehensive Loss (Tables)       HTML     34K 
61: R43         Segment Information (Tables)                        HTML    128K 
62: R44         Quarterly Financial Data (Unaudited) (Tables)       HTML     94K 
63: R45         Organization and Other Matters (Details)            HTML     71K 
64: R46         Summary of Significant Accounting Policies          HTML    114K 
                (Details)                                                        
65: R47         Acquisitions (Details)                              HTML     74K 
66: R48         IAA Separation and Discontinued Operations          HTML    120K 
                (Details)                                                        
67: R49         Stock and Stock-Based Compensation Plan Summary     HTML     49K 
                (Details)                                                        
68: R50         KAR Auction Services, Inc. Stock-Based              HTML     94K 
                Compensation Plans (Details)                                     
69: R51         Service and Exit Options (Details)                  HTML     96K 
70: R52         Employee Stock Purchase Plan (Details)              HTML     40K 
71: R53         Share Repurchase Plan (Details)                     HTML     43K 
72: R54         Net Income (Loss) from Continuing Operations Per    HTML     76K 
                Share (Details)                                                  
73: R55         Allowance for Credit Losses and Doubtful Accounts   HTML     39K 
                (Details)                                                        
74: R56         Allowance for Credit Losses and Doubtful Accounts   HTML     34K 
                (Details 2)                                                      
75: R57         Finance Receivables and Obligations Collateralized  HTML     85K 
                by Finance Receivables (Details)                                 
76: R58         Goodwill and Other Intangible Assets (Details)      HTML     53K 
77: R59         Goodwill and Other Intangible Assets (Details 2)    HTML     47K 
78: R60         Goodwill and Other Intangible Assets (Details 3)    HTML     67K 
79: R61         Property and Equipment (Details)                    HTML     68K 
80: R62         Self Insurance and Retained Loss Reserves           HTML     46K 
                (Details)                                                        
81: R63         Long-Term Debt Summary and Future Principle         HTML     85K 
                Payments (Details)                                               
82: R64         Credit Facilities (Details)                         HTML    141K 
83: R65         Senior Notes (Details)                              HTML     31K 
84: R66         Other Debt (Details)                                HTML     47K 
85: R67         Financial Instruments (Details)                     HTML     70K 
86: R68         Financial Instruments (Details 2)                   HTML     41K 
87: R69         Convertible Preferred Stock (Details)               HTML     85K 
88: R70         Components of Lease Expense (Details)               HTML     36K 
89: R71         Leases Supplemental Cash Flow Information Related   HTML     40K 
                to Leases (Details)                                              
90: R72         Leases Supplemental Balance Sheet Information       HTML     65K 
                Related to Leases (Details)                                      
91: R73         Leases Maturities of Lease Liabilities (Details)    HTML     67K 
92: R74         Leases Prior Year Leases Under ASC 840 (Details)    HTML     27K 
93: R75         Income Taxes (Details)                              HTML    170K 
94: R76         Income Taxes (Details 2)                            HTML     32K 
95: R77         Income Taxes (Details 3)                            HTML     48K 
96: R78         Employee Benefit Plans (Details)                    HTML     34K 
97: R79         Commitments and Contingencies (Details)             HTML     29K 
98: R80         Accumulated Other Comprehensive Loss (Details)      HTML     36K 
99: R81         Segment Information (Details)                       HTML    124K 
100: R82         Segment Information (Details 2)                     HTML     47K  
101: R83         Quarterly Financial Data (Unaudited) (Details)      HTML     86K  
103: XML         IDEA XML File -- Filing Summary                      XML    184K  
18: XML         XBRL Instance -- kar-20201231_htm                    XML   3.42M 
102: EXCEL       IDEA Workbook of Financial Reports                  XLSX    153K  
14: EX-101.CAL  XBRL Calculations -- kar-20201231_cal                XML    311K 
15: EX-101.DEF  XBRL Definitions -- kar-20201231_def                 XML    979K 
16: EX-101.LAB  XBRL Labels -- kar-20201231_lab                      XML   2.53M 
17: EX-101.PRE  XBRL Presentations -- kar-20201231_pre               XML   1.58M 
13: EX-101.SCH  XBRL Schema -- kar-20201231                          XSD    237K 
104: JSON        XBRL Instance as JSON Data -- MetaLinks              550±   806K  
105: ZIP         XBRL Zipped Folder -- 0001395942-21-000006-xbrl      Zip    672K

‘R35’   —   Goodwill and Other Intangible Assets (Tables)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.20.4
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Goodwill consisted of the following (in millions):
ADESA
Auctions		AFCTotal
Balance at December 31, 2018$1,413.2 $263.7 $1,676.9 
Increase for acquisition activity142.6 — 142.6 
Foreign currency2.2 — 2.2 
Balance at December 31, 2019$1,558.0 $263.7 $1,821.7 
Increase for acquisition activity354.8 — 354.8 
Decrease for disposition activity— (22.8)(22.8)
Impairment(25.5)— (25.5)
Foreign currency12.0 — 12.0 
Balance at December 31, 2020$1,899.3 $240.9 $2,140.2 
Summary of customer relationships
A summary of customer relationships is as follows (in millions):
  December 31, 2020December 31, 2019
 Useful
Lives
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Carrying
Value		Gross
Carrying
Amount		Accumulated
Amortization		Carrying
Value
Customer relationships
5 - 19
$879.9 $(668.6)$211.3 $845.3 $(637.4)$207.9 
Summary of other intangibles
A summary of other intangibles is as follows (in millions):
  December 31, 2020December 31, 2019
 Useful Lives
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Carrying
Value		Gross
Carrying
Amount		Accumulated
Amortization		Carrying
Value
Tradenames
2 - Indefinite
$150.8 $(12.2)$138.6 $147.6 $(10.7)$136.9 
Computer software & technology
3 - 13
501.1 (349.5)151.6 443.0 (281.5)161.5 
Covenants not to compete
5
0.3 (0.3)— 0.3 (0.2)0.1 
Total $652.2 $(362.0)$290.2 $590.9 $(292.4)$298.5 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/18/21S-3ASR
For Period end:12/31/20
12/31/1910-K,  8-K
12/31/1810-K
 List all Filings 

17 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/02/24  OPENLANE, Inc.                    10-Q        3/31/24   61:5.5M
 2/22/24  OPENLANE, Inc.                    S-3ASR      2/22/24    4:426K
 2/21/24  OPENLANE, Inc.                    10-K       12/31/23  112:14M
11/02/23  OPENLANE, Inc.                    10-Q        9/30/23   68:7.4M
 8/03/23  OPENLANE, Inc.                    10-Q        6/30/23   66:7.3M
 5/03/23  OPENLANE, Inc.                    10-Q        3/31/23   60:6.8M
 3/22/23  OPENLANE, Inc.                    10-Q/A      9/30/22   62:7.2M
 3/22/23  OPENLANE, Inc.                    10-Q/A      6/30/22   61:7M
 3/22/23  OPENLANE, Inc.                    10-Q/A      3/31/22   61:6.1M
 3/09/23  OPENLANE, Inc.                    10-K       12/31/22  111:15M
11/02/22  OPENLANE, Inc.                    10-Q        9/30/22   62:9.3M
 8/03/22  OPENLANE, Inc.                    10-Q        6/30/22   58:7.4M
 5/04/22  OPENLANE, Inc.                    10-Q        3/31/22   59:6.4M
 2/23/22  OPENLANE, Inc.                    10-K       12/31/21  110:15M
11/03/21  OPENLANE, Inc.                    10-Q        9/30/21   57:6.9M
 8/04/21  OPENLANE, Inc.                    10-Q        6/30/21   55:6.8M
 5/05/21  OPENLANE, Inc.                    10-Q        3/31/21   57:5.6M

32 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/04/20  OPENLANE, Inc.                    10-Q        9/30/20   68:9.7M
 9/08/20  OPENLANE, Inc.                    8-K:1,8,9   9/02/20   13:1.2M                                   Toppan Merrill/FA
 8/05/20  OPENLANE, Inc.                    10-Q        6/30/20   67:8.8M
 6/29/20  OPENLANE, Inc.                    8-K:1,3,9   6/29/20   13:498K
 6/10/20  OPENLANE, Inc.                    8-K:1,3,5,9 6/09/20   14:1M
 6/01/20  OPENLANE, Inc.                    8-K:1,9     5/29/20   13:468K
 5/27/20  OPENLANE, Inc.                    8-K:1,3,8,9 5/26/20   13:2M                                     Broadridge Fin’l So… Inc
 5/07/20  OPENLANE, Inc.                    10-Q        3/31/20   62:6.7M
 3/13/20  OPENLANE, Inc.                    8-K:5,9     3/09/20   14:503K
 2/19/20  OPENLANE, Inc.                    10-K       12/31/19  108:15M
11/06/19  OPENLANE, Inc.                    10-Q        9/30/19   68:9.1M
 9/20/19  OPENLANE, Inc.                    8-K:1,2,9   9/19/19   11:2.6M                                   Broadridge Fin’l So… Inc
 8/07/19  OPENLANE, Inc.                    10-Q        6/30/19   65:8.7M
 6/28/19  OPENLANE, Inc.                    8-K:1,2,5,8 6/28/19    6:1.3M                                   Broadridge Fin’l So… Inc
 2/21/19  OPENLANE, Inc.                    10-K       12/31/18  104:14M
 2/21/18  OPENLANE, Inc.                    10-K       12/31/17  101:14M
 5/31/17  OPENLANE, Inc.                    8-K:1,2,9   5/31/17    3:2.9M                                   Toppan Merrill/FA
 2/24/17  OPENLANE, Inc.                    10-K       12/31/16  102:19M
 8/03/16  OPENLANE, Inc.                    10-Q        6/30/16   55:7.1M
 3/09/16  OPENLANE, Inc.                    8-K:1,2,9   3/09/16    2:1.8M                                   Toppan Merrill/FA
 2/18/16  OPENLANE, Inc.                    10-K       12/31/15  106:14M
11/04/14  OPENLANE, Inc.                    8-K:5,9    11/04/14    2:279K
 4/29/14  OPENLANE, Inc.                    DEF 14A     6/10/14    1:1.3M                                   Toppan Merrill-FA
 3/12/14  OPENLANE, Inc.                    8-K:1,2,9   3/11/14    3:1.7M                                   Donnelley … Solutions/FA
12/17/13  KAR Auction Services, Inc.        8-K:5,9    12/11/13    6:418K                                   Toppan Merrill/FA
 2/28/12  KAR Auction Services, Inc.        10-K       12/31/11   54:7.9M                                   Toppan Merrill-FA
 8/04/10  KAR Auction Services, Inc.        10-Q        6/30/10    9:1.4M                                   Donnelley … Solutions/FA
12/10/09  KAR Auction Services, Inc.        S-1/A                  6:6.4M                                   Donnelley … Solutions/FA
12/04/09  KAR Auction Services, Inc.        S-1/A                 14:883K                                   Donnelley … Solutions/FA
11/13/08  KAR Auction Services, Inc.        10-Q        9/30/08    7:1.5M                                   Donnelley … Solutions/FA
 9/09/08  KAR Auction Services, Inc.        8-K:1,9     9/04/08   20:3.2M                                   Donnelley … Solutions/FA
 1/25/08  IAA Acquisition Corp.             S-4                  167:19M                                    Donnelley … Solutions/FA
↑Top
Filing Submission 0001395942-21-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Mon., May 13, 7:48:32.2pm ET