XML 82 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 10 - Intangible Assets
12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]
10.
Intangible assets

December 31, 2014

 
 
Gross
carrying
amount
   
Accumulated
amortization
   
Net
 
 
 
 
   
 
   
 
 
Customer lists and relationships
  $ 192,169     $ 70,764     $ 121,405  
Franchise rights
    42,733       16,753       25,980  
Trademarks and trade names:
                       
Indefinite life
   
24,178
      -      
24,178
 
Finite life
   
25,294
      12,020      
13,274
 
Management contracts and other
    28,833       16,044       12,789  
Brokerage backlog
    2,742       2,679       63  
 
  $ 315,949     $ 118,260     $ 197,689  

December 31, 2013

 
 
Gross
carrying
amount
   
Accumulated
amortization
   
Net
 
 
 
 
   
 
   
 
 
Customer lists and relationships
  $ 168,966     $ 58,054     $ 110,912  
Franchise rights
    36,754       15,762       20,992  
Trademarks and trade names:
                       
Indefinite life
    24,720       -       24,720  
Finite life
    32,753       18,540       14,213  
Management contracts and other
    22,853       16,520       6,333  
Brokerage backlog
    2,452       2,443       9  
 
  $ 288,498     $ 111,319     $ 177,179  

During the year ended December 31, 2014, the Company acquired the following intangible assets:

 
Amount
   
Estimated
weighted
average
amortization
period (years)
 
 
 
 
   
 
 
Customer lists and relationships
  $ 43,792       10.9  
Franchise rights
    7,800       17.6  
Trademarks and trade names - indefinite life
    303       -  
Trademarks and trade names - finite life
    1,790       4.1  
Brokerage backlog
    1,195       0.5  
Other
    920       5.7  
 
  $ 55,800       11.3  

The following is the estimated annual amortization expense for recorded intangible assets for each of the next five years ending December 31:

2015 
 
$
 24,047 
 
2016 
 
 
 22,779 
 
2017 
 
 
 20,818 
 
2018 
 
 
 19,350 
 
2019 
 
 
 17,436