Note 23 - Segmented Information

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

23. 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.

Colliers has 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 Chief Operating Officer 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 segment total assets at

December

31,

2016

are investments in subsidiaries accounted for under the equity method or cost method: Americas

$4,753

(2015

-

4,215);

EMEA

$2,610

(2015

-

$2,023)

and Asia Pacific

$7

(2015

- nil). The reportable segment information excludes intersegment transactions.

2016	Americas		EMEA		Asia Pacific		Corporate			Consolidated
Revenues	$	1,021,317	$	474,868	$	399,368	$	1,171		$	1,896,724
Depreciation and amortization		21,612		15,121		5,479		2,712			44,924
Operating earnings (loss)		85,255		34,275		45,614		(18,971	)		146,173
Other income, net											2,417
Interest expense, net											(9,190	)
Income tax expense											(47,829	)
Net earnings from continuing operations										$	91,571
Net earnings from discontinued operations										$	-
Net earnings										$	91,571
Total assets	$	559,295	$	443,945	$	181,425	$	10,114		$	1,194,779
Total additions to long-lived assets		50,948		67,325		4,654		1,141			124,068

2015	Americas		EMEA		Asia Pacific		Corporate			Consolidated
Revenues	$	889,738	$	446,146	$	385,123	$	979		$	1,721,986
Depreciation and amortization		18,100		12,429		5,263		2,832			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

Geographic information

Revenues in each geographic region are reported by customer locations.

	2016		2015		2014
United States
Revenues	$	734,488	$	628,954	$	522,641
Total long-lived assets		178,908		152,326		90,276
Canada
Revenues	$	253,529	$	229,551	$	263,215
Total long-lived assets		52,547		51,473		53,241
Euro currency countries
Revenues	$	261,626	$	207,495	$	135,482
Total long-lived assets		174,932		152,833		169,963
Australia
Revenues	$	219,406	$	206,254	$	231,029
Total long-lived assets		43,808		44,936		51,083
United Kingdom
Revenues	$	137,216	$	164,204	$	150,933
Total long-lived assets		69,565		56,076		60,046
Other
Revenues	$	290,459	$	285,528	$	278,971
Total long-lived assets		33,077		31,551		41,514
Consolidated
Revenues	$	1,896,724	$	1,721,986	$	1,582,271
Total long-lived assets		552,837		489,195		466,124