XML 33 R18.htm IDEA: XBRL DOCUMENT v3.20.4
Note 11 - Goodwill
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Goodwill Disclosure [Text Block]
11.
Goodwill
 
    FirstService   FirstService    
    Residential   Brands   Consolidated
             
Balance, December 31, 2018   $
193,943
     $
141,212
     $
335,155
  
Goodwill acquired during the year    
18,446
      
290,781
      
309,227
  
Goodwill disposed during the year    
(2,025
 )    
(229
 )    
(2,254
 )
Other items    
527
      
956
      
1,483
  
Foreign exchange    
835
      
401
      
1,236
  
Balance, December 31, 2019    
211,726
      
433,121
      
644,847
  
Goodwill acquired during the year    
15,369
      
41,178
      
56,547
  
Other items    
200
      
1,096
      
1,296
  
Foreign exchange    
441
      
607
      
1,048
  
Balance, December 31, 2020   $
227,736
     $
476,002
     $
703,738
  
 
Goodwill represents the excess of purchase price over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. A test for goodwill impairment is required to be completed annually, in the Company's case as of
August 
1,
or more frequently if events or changes in circumstances indicate the asset might be impaired. Based on the quantitative assessment in
2020,
the Company has concluded that goodwill is
not
impaired. There were
no
triggering events since the impairment test in
August.