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Note 8 - Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] |
8. |  | Intangible assets
December 31, 2018 |  |  |  |  |  |  |  |  |
|  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net |
Customer lists and relationships |  | $ | 290,667 |  |  | $ | 95,011 |  |  | $ | 195,656 |
Investment management contracts |  |  | 270,600 |  |  |  | 12,145 |  |  |  | 258,455 |
Franchise rights |  |  | 5,175 |  |  |  | 4,141 |  |  |  | 1,034 |
Trademarks and trade names: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life |  |  | 23,841 |  |  |  | - |  |  |  | 23,841 |
Finite life |  |  | 12,851 |  |  |  | 2,853 |  |  |  | 9,998 |
Management contracts and other |  |  | 16,533 |  |  |  | 7,907 |  |  |  | 8,626 |
Brokerage backlog |  |  | 480 |  |  |  | 160 |  |  |  | 320 |
|  | $ | 620,147 |  |  | $ | 122,217 |  |  | $ | 497,930 |
December 31, 2017 |  |  |  |  |  |  |  |  |
|  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net |
Customer lists and relationships |  | $ | 219,986 |  |  | $ | 74,897 |  |  | $ | 145,089 |
Franchise rights |  |  | 5,703 |  |  |  | 4,156 |  |  |  | 1,547 |
Trademarks and trade names: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life |  |  | 24,121 |  |  |  | - |  |  |  | 24,121 |
Finite life |  |  | 2,776 |  |  |  | 1,865 |  |  |  | 911 |
Management contracts and other |  |  | 17,733 |  |  |  | 6,572 |  |  |  | 11,161 |
Brokerage backlog |  |  | 310 |  |  |  | 103 |  |  |  | 207 |
|  | $ | 270,629 |  |  | $ | 87,593 |  |  | $ | 183,036 |
During the year ended December 31, 2018, the Company acquired the following intangible assets:
|  | Amount |  |  | Estimated weighted average amortization period (years) |
Customer lists and relationships |  | $ | 90,668 |  |  |  | 9.9 |
Investment management contracts |  |  | 270,600 |  |  |  | 12.9 |
Trademarks and trade names - finite life |  |  | 11,632 |  |  |  | 10.9 |
Brokerage backlog |  |  | 4,722 |  |  |  | 0.5 |
|  | $ | 377,622 |  |  |  | 12.0 |
The investment management contracts relate to the acquisition of Harrison Street. The following is the estimated annual expense for amortization of the recorded intangible assets for each of the next five years ending December 31:
| 2019 |  | $ | 56,903 |  |
| 2020 |  |  | 53,419 |  |
| 2021 |  |  | 51,366 |  |
| 2022 |  |  | 50,690 |  |
| 2023 |  |  | 48,127 |  |

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