XML 44 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 22 - Segmented Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
22. Segmented information

Operating segments


Upon completion of the Spin-off of FirstService on June 1, 2015, the Residential Real Estate Services and Property Services operating segments of Old FSV were distributed to shareholders. The Commercial Real Estate Services segment was retained and comprises the business of Colliers.


Effective June 1, 2015, Colliers identified three reportable operating segments, which are grouped geographically and based on the manner in which the segments are managed by the chief operating decision maker, which is identified as both the CEO and COO of the Company. Management assesses each segment’s performance based on operating earnings or operating earnings before depreciation and amortization. Corporate includes the costs of global administrative functions and corporate head office.


Included in total assets of the Americas segment at December 31, 2015 is $4,215 (2014 - $2,785) and EMEA segment at December 31, 2015 is $2,023 (2014 - $2,325) are investments in subsidiaries accounted for under the equity method or cost method. The reportable segment information excludes intersegment transactions.


2015


      Americas       EMEA       Asia
Pacific		       Corporate       Consolidated  
                                         
Revenues   $ 889,738     $ 446,146     $ 385,123     $ 979     $ 1,721,986  
Depreciation and amortization     18,100       12,430       5,263       2,831       38,624  
Operating earnings (loss)     69,247       38,777       41,092       (68,732 )     80,384  
Other income, net                                   1,122  
Interest expense, net                                 (9,039 )
Income tax expense                                 (32,552 )
Net earnings from continuing operations                               $ 39,915  
Net earnings from discontinued operations                               $ 1,104  
Net earnings                               $ 41,019  
                                         
Total assets   $ 488,228     $ 396,789     $ 176,521     $ 30,883     $ 1,092,421  
Total additions to long-lived assets     78,124       12,997       4,402       1,677       97,200  

2014


      Americas     EMEA     Asia
Pacific		     Corporate     Consolidated
                                         
Revenues   $ 823,146     $ 352,363     $ 405,957     $ 805     $ 1,582,271  
Depreciation and amortization     14,959       12,371       5,651       3,052       36,033  
Operating earnings (loss)     60,473       22,009       47,392       (51,718 )     78,156  
Other income, net                                   1,262  
Interest expense, net                                 (7,304 )
Income tax expense                                 (18,205 )
Net earnings from continuing operations                               $ 53,909  
Net earnings from discontinued operations                               $ 23,807   
Net earnings                               $  77,716   
                                         
Total assets   $ 421,423     $ 425,461     $ 183,436     $ (6,437 )   $ 1,023,883  
Total additions to long-lived assets     23,988       134,587       15,763       1,980       176,318  

2013


      Americas       EMEA       Asia
Pacific		       Corporate       Consolidated  
                                         
Revenues   $ 716,516     $ 230,924     $ 357,731     $ 1,367     $ 1,306,538  
Depreciation and amortization     14,182       10,463       5,719       2,307       32,671  
Operating earnings (loss)     36,459       7,473       36,480       (38,028 )     42,384  
Other income, net                                   1,551  
Interest expense, net                                 (8,673 )
Income tax expense                                 (12,381 )
Net earnings from continuing operations                               $ 22,881  
Net loss from discontinued operations                             $

3,280

  
Net earnings                               $

26,161

  
                                         
Total assets   $ 386,676     $ 279,228     $ 163,041     $ 4,269     $ 833,214  
Total additions to long-lived assets     12,332       107,564       8,544       2,762       131,202  

Geographic information


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


      2015     2014     2013
                         
United States                        
Revenues   $ 628,954     $ 522,641     $ 442,394  
Total long-lived assets     152,326       90,276       96,848  
                         
Canada                        
Revenues   $ 229,551     $ 263,215     $ 253,451  
Total long-lived assets     51,473       53,241       48,718  
                         
Australia                        
Revenues   $ 206,254     $ 231,029     $ 199,221  
Total long-lived assets     44,936       51,083       44,811  
                         
United Kingdom                        
Revenues   $ 164,204     $ 150,933     $ 103,781  
Total long-lived assets     56,076       60,046       8,583  
                         
Other                        
Revenues   $ 493,023     $ 414,453     $ 307,691  
Total long-lived assets     184,384       211,478       168,788  
                      .  
Consolidated                        
Revenues   $ 1,721,986     $ 1,582,271     $ 1,306,538  
Total long-lived assets     489,195       466,124       367,748