Note 8 - Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Other Assets Disclosure [Text Block]

8. Prepaid expenses and other assets

	As at December 31,
	2022		2021
Prepaid expenses	$	61,324	$	44,173
Advisor loans receivable		23,958		23,030
Investments in equity securities		9,486		11,862
Investments in debt securities		18,364		10,362
Deferred Purchase Price (notes 16 and 25)		92,278		238,836
Mortgage derivative asset (note 25)		40,879		10,813
Interest rate swap asset (note 25)		659		-
Other		687		771
Prepaid and other assets (Current Assets)	$	247,635	$	339,847

	As at December 31,
	2022		2021
Advisor loans receivable	$	66,991	$	47,980
Equity accounted investments (note 17)		28,175		22,490
Investments in equity securities		8,943		9,327
Investments in debt securities		15,449		10,343
Financing fees, net of accumulated amortization of $8,018 (December 31, 2021 - $6,363)		4,040		2,458
Interest rate swap asset (note 25)		6,940		-
Other		7,972		7,385
Other assets (Non-Current Assets)	$	138,510	$	99,983

Captive Insurance Investments

Investments in equity securities in the amount of $9,476 (2021 - $11,705) consist of investments recorded at fair value. (See note 25.) Investments in debt securities include held-to-maturity investments current $1,410 (2021 – $1,981) and non-current $15,449 (2021 - $10,343), both of which are recorded at amortized cost. The amortized cost (carrying value) of these investments approximated fair value. At December 31, 2022, all of these investments mature within 10 years. The Company’s wholly owned captive insurance company has letters of credit in relation to its reinsurance activities. The letters of credit are secured by $6,014 of the current investments.

Colliers Securities Investments

Investments in equity and debt securities in the amount of $16,961 (2021 – $8,538) consist of investments recorded at fair value in relation to Colliers Securities. (See note 25.) All securities owned are pledged to a clearing firm on terms that permit it to sell or re-pledge the securities to others, subject to certain limitations.

Other Investments in equity securities

Investments in equity securities non-current in the amount of $7,768 (2021 - $9,327) are recorded at fair value following the net asset value practical expedient or recorded at cost less impairment adjusted for observable prices. During the year ended December 31, 2022, the Company recognized a net loss of $1,745 related to these investments which was included in Other income in the Company’s consolidated statements of earnings.