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Note 21 - Segmented Information
12 Months Ended
Dec. 31, 2012
Segment Reporting Disclosure [Text Block]
21. 
Segmented information

Operating segments

The Company has three reportable operating segments. The segments are grouped with reference to the nature of services provided and the types of clients that use those services.  The Company assesses each segment’s performance based on operating earnings or operating earnings before depreciation and amortization.  CRE provides commercial property brokerage and other advisory services to clients in North America and in various other countries around the world.  Residential Property Management provides property management and related property services to residential communities in North America.  Property Services provides franchised and Company-owned property services to customers in North America. Corporate includes the costs of operating the Company’s corporate head office.

Included in total assets of the CRE segment at December 31, 2012 is $5,226 (2011 - $3,072) of investments in subsidiaries accounted for under the equity method.  The reportable segment information excludes intersegment transactions.

 
Commercial
 
Residential
 
 
   
 
   
 
 
2012 
Real Estate
 
Property
 
Property
 
 
 
 
 
 
Services
 
Management
 
Services
 
Corporate
 
Consolidated
 
 
 
 
   
 
   
 
   
 
   
 
 
Revenues
  $ 1,170,427     $ 839,167     $ 295,725     $ 218     $ 2,305,537  
Depreciation and amortization
    24,106       18,730       10,302       364       53,502  
Operating earnings (loss)
    33,796       45,870       13,744       (15,013 )     78,397  
Other income, net
                                    2,441  
Interest expense, net
                                    (19,601 )
Income taxes
                                    (20,304 )
 
                                       
Net earnings
                                    40,933  
 
                                       
Total assets
  $ 633,439     $ 444,037     $ 232,757     $ 7,677     $ 1,317,910  
Total additions to long lived assets
    35,031       19,689       7,767       73       62,560  

 
Commercial
 
Residential
                         
2011 
Real Estate
 
Property
 
Property
                 
 
Services
 
Management
 
Services
 
Corporate
 
Consolidated
 
 
                                       
Revenues
  $ 994,579     $ 760,501     $ 468,903     $ 188     $ 2,224,171  
Depreciation and amortization
    22,073       18,022       10,692       139       50,926  
Operating earnings (loss)
    22,379       47,202       45,421       (16,941 )     98,061  
Other expense, net
                                    (6,317 )
Interest expense, net
                                    (16,808 )
Income taxes
                                    26,807  
 
                                       
Net earnings
                                  $ 101,743  
 
                                       
Total assets
  $ 576,268     $ 423,328     $ 210,898     $ 23,224     $ 1,233,718  
Total additions to long lived assets
    14,997       49,071       6,441       68       70,577  

 
Commercial
 
Residential
                         
2010 
Real Estate
 
Property
 
Property
                 
 
Services
 
Management
 
Services
 
Corporate
 
Consolidated
 
 
                                       
Revenues
  $ 861,917     $ 662,033     $ 462,141     $ 180     $ 1,986,271  
Depreciation and amortization
    23,362       14,605       9,544       375       47,886  
Operating earnings (loss)
    14,694       46,670       58,671       (22,503 )     97,532  
Other expense, net
                              (3,007 )
Interest expense, net
                              (17,397 )
Income taxes
                              (29,228 )
 
                                       
Net earnings
                                  $ 47,900  
 
                                       
Total assets
  $ 514,060     $ 359,247     $ 217,692     $ 38,542     $ 1,129,541  
Total additions to long lived assets
    78,068       41,182       6,650       273       126,173  

Geographic information

Revenues in each geographic region are reported by customer locations.  Amounts reported in geographic regions other than the United States, Canada and Australia are primarily denominated in US dollars, UK pounds and Euros.

 
 
2012
   
2011
   
2010
 
 
 
 
   
 
   
 
 
United States
 
 
   
 
   
 
 
Revenues
  $ 1,490,763     $ 1,523,912     $ 1,406,713  
Total long-lived assets
    468,602       476,530       469,465  
 
                       
Canada
                       
Revenues
  $ 330,622     $ 310,912     $ 246,809  
Total long-lived assets
    99,529       91,821       76,502  
 
                       
Australia
                       
Revenues
  $ 177,677     $ 171,873     $ 164,486  
Total long-lived assets
    49,269       54,701       55,291  
 
                       
Other
                       
Revenues
  $ 306,475     $ 217,474     $ 168,263  
Total long-lived assets
    70,205       55,494       57,927  
 
                       
Consolidated
                       
Revenues
  $ 2,305,537     $ 2,224,171     $ 1,986,271  
Total long-lived assets
    687,605       678,546       659,185