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Note 4 - Discontinued Operations | 12 Months Ended
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Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
4. | Discontinued operations
On September 30, 2013, the Company completed the sale of its Field Asset Services operation for cash consideration of $49,460 (net of cash disposed of $5,177). In addition, the sale agreement provides for contingent consideration which will be recognized if and when realized. The pre-tax loss on disposal was $7,158, before an income tax recovery of $3,100, resulting in a net loss of $4,058. Field Asset Services is recorded as a discontinued operation and was previously reported within the Property Services segment. As at December 31, 2013, the Company decided to sell its residential rental operations (“Rental”). These operations manage rental units on behalf of institutional owners and other investors. Rental is recorded as a discontinued operation for all periods presented and was previously reported within the RRE segment.
|  | 2013 |  |  | 2012 |  |  | 2011 |
Revenues |  |  |  |  |  |  |  |  |
Field Asset Services |  | $ | 58,063 |  |  | $ | 163,413 |  |  | $ | 339,416 |
Rental |  |  | 24,733 |  |  |  | 31,658 |  |  |  | 32,787 |
|  |  | 82,796 |  |  |  | 195,071 |  |  |  | 372,203 |
Operating earnings (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Field Asset Services |  | $ | (3,623 | ) |  | $ | (5,072 | ) |  | $ | 36,387 |
Rental |  |  | (2,315 | ) |  |  | 3,085 |  |  |  | 5,447 |
|  |  | (5,938 | ) |  |  | (1,987 | ) |  |  | 41,834 |
(Recovery of) provision for income taxes |  |  | (3,999 | ) |  |  | (703 | ) |  |  | 17,016 |
Net operating earnings (loss) from discontinued operations |  |  | (1,939 | ) |  |  | (1,284 | ) |  |  | 24,818 |
Net loss on disposal |  |  | (4,058 | ) |  |  | - |  |  |  | - |
Non controlling interest share of earnings |  |  | - |  |  |  | (44 | ) |  |  | (1,940 | )
Net earnings (loss) attributable to common shareholders from discontinued operations |  | $ | (5,997 | ) |  | $ | (1,328 | ) |  | $ | 22,878 |
Net earnings (loss) per share from discontinued operations |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.18 | ) |  | $ | (0.04 | ) |  | $ | 0.76 |
Diluted |  |  | (0.18 | ) |  |  | (0.04 | ) |  |  | 0.75 |
The assets and liabilities of Field Asset Services and Rental as at December 31, 2013 and 2012 are as follows:
|  | 2013 |  |  | 2012 |
Current assets |  |  |  |  |  |
Field Asset Services |  | $ | - |  |  | $ | 15,358 |
Rental |  |  | 12,531 |  |  |  | 14,323 |
|  |  | 12,531 |  |  |  | 29,681 |
Non-current assets |  |  |  |  |  |  |  |
Field Asset Services |  |  | - |  |  |  | 76,079 |
Rental |  |  | 1,259 |  |  |  | 1,098 |
|  |  | 1,259 |  |  |  | 77,177 |
Total assets |  | $ | 13,790 |  |  | $ | 106,858 |
Current liabilities |  |  |  |  |  |  |  |
Field Asset Services |  | $ | - |  |  | $ | 14,982 |
Rental |  |  | 4,206 |  |  |  | 4,999 |
|  |  | 4,206 |  |  |  | 19,981 |
Non-current liabilities |  |  |  |  |  |  |  |
Field Asset Services |  |  | - |  |  |  | 19,482 |
Rental |  |  | 290 |  |  |  | - |
|  |  | 290 |  |  |  | 19,482 |
Total liabilities |  | $ | 4,496 |  |  | $ | 39,463 |
Included in non-current assets above for Field Asset Services is $37,195 of goodwill and $17,064 of intangible assets disposed on the date of sale.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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