Note 25 - Subsequent Events

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

25. Subsequent events

In

January

2017,

the Company acquired controlling interests in

three

commercial real estate services businesses,

one

operating in Northern California and Nevada in the Americas region and

two

operating in Denmark and the United Kingdom in the EMEA region. The total initial cash consideration for these acquisitions was

$66,400.

These acquisitions will be accounted for by the purchase method of accounting for business combinations and accordingly, the results from these operations will be included in the Company’s consolidated financial statements from their respective dates of acquisition.

On

January

18,

2017,

the Company amended and restated the credit agreement for its multi-currency revolving credit facility (the “Facility”). The Facility’s maturity date was extended to

January

18,

2022

(from

June

1,

2020)

and total borrowing capacity was increased to

$700,000

(from

$525,000).

In addition, certain collateral requirements and financial covenants were removed. Other material terms and conditions were unchanged.