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Note 26 - Segmented Information | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
26. |  | Segmented information
Operating segments Colliers identified four reportable operating segments. Three segments are grouped geographically into Americas, Asia Pacific and EMEA. The Investment Management segment includes Harrison Street and the Company’s pre-existing European investment management business which was reported in EMEA prior to the acquisition of Harrison Street in July 2018. The groupings are based on the manner in which the segments are managed. Management assesses each segment’s performance based on operating earnings or operating earnings before depreciation and amortization. Corporate includes the costs of global administrative functions and the corporate head office Included in segment total assets at December 31, 2019 are investments in subsidiaries accounted for under the equity method or cost method: Americas $3,823 ( 2018 - $4,311 ), EMEA $1,900 ( 2018 - $1,820 ), Asia Pacific $7 ( 2018 - $7 ), Investment Management $2,607 ( 2018 - $430 ) and Corporate $3,155 ( 2018 - $1,200 ). The reportable segment information excludes intersegment transactions. Total assets as at December 31, 2019 includes $258,117 of real estate assets held for sale from the Investment Management segment (See note 4 ).
2019 |  |  |  |  |  |  |  | Asia |  |  | Investment |  |  |  |  |  |  |
|  | Americas |  |  | EMEA |  |  | Pacific |  |  | Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 1,690,507 |  |  | $ | 636,466 |  |  | $ | 542,609 |  |  | $ | 174,588 |  |  | $ | 1,641 |  |  | $ | 3,045,811 |
Depreciation and amortization |  |  | 34,113 |  |  |  | 22,489 |  |  |  | 7,969 |  |  |  | 26,504 |  |  |  | 3,589 |  |  |  | 94,664 |
Operating earnings (loss) |  |  | 103,731 |  |  |  | 48,510 |  |  |  | 67,062 |  |  |  | 35,048 |  |  |  | (36,154 | ) |  |  | 218,197 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,853 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (29,452 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (53,013 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 137,585 |
Total assets |  | $ | 917,997 |  |  | $ | 672,691 |  |  | $ | 388,606 |  |  | $ | 953,567 |  |  | $ | (40,147 | ) |  | $ | 2,892,714 |
Total additions to long-lived assets |  |  | 47,132 |  |  |  | 12,656 |  |  |  | 79,904 |  |  |  | 1,829 |  |  |  | 4,961 |  |  |  | 146,482 |
2018 |  |  |  |  |  |  |  | Asia |  |  | Investment |  |  |  |  |  |  |
|  | Americas |  |  | EMEA |  |  | Pacific |  |  | Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 1,596,184 |  |  | $ | 623,238 |  |  | $ | 528,360 |  |  | $ | 76,021 |  |  | $ | 1,624 |  |  | $ | 2,825,427 |
Depreciation and amortization |  |  | 30,391 |  |  |  | 25,435 |  |  |  | 6,320 |  |  |  | 13,791 |  |  |  | 2,793 |  |  |  | 78,730 |
Operating earnings (loss) |  |  | 105,490 |  |  |  | 53,862 |  |  |  | 66,240 |  |  |  | 12,326 |  |  |  | (36,520 | ) |  |  | 201,398 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,281 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (20,845 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (53,260 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 128,574 |
Total assets |  | $ | 846,919 |  |  | $ | 602,964 |  |  | $ | 228,490 |  |  | $ | 693,040 |  |  | $ | (13,833 | ) |  | $ | 2,357,580 |
Total additions to long-lived assets |  |  | 61,814 |  |  |  | 161,823 |  |  |  | 10,669 |  |  |  | 649,898 |  |  |  | 3,743 |  |  |  | 887,947 |
Geographic information Revenues in each geographic region are reported by customer locations.
GEOGRAPHIC INFORMATION |  |  |  |  |  |
|  | 2019 |  |  | 2018 |
United States |  |  |  |  |  |  |  |
Revenues |  | $ | 1,429,650 |  |  | $ | 1,243,019 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 934,622 |  |  |  | 943,164 |
Operating lease right-of-use assets |  |  | 122,921 |  |  |  | - |
Canada |  |  |  |  |  |  |  |
Revenues |  | $ | 356,634 |  |  | $ | 358,035 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 66,234 |  |  |  | 65,781 |
Operating lease right-of-use assets |  |  | 22,355 |  |  |  | - |
Euro currency countries |  |  |  |  |  |  |  |
Revenues |  | $ | 356,171 |  |  | $ | 360,115 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 256,194 |  |  |  | 265,867 |
Operating lease right-of-use assets |  |  | 37,479 |  |  |  | - |
Australia |  |  |  |  |  |  |  |
Revenues |  | $ | 235,469 |  |  | $ | 238,537 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 47,734 |  |  |  | 47,886 |
Operating lease right-of-use assets |  |  | 37,235 |  |  |  | - |
United Kingdom |  |  |  |  |  |  |  |
Revenues |  | $ | 170,302 |  |  | $ | 172,820 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 70,704 |  |  |  | 68,732 |
Operating lease right-of-use assets |  |  | 15,294 |  |  |  | - |
Other |  |  |  |  |  |  |  |
Revenues |  | $ | 497,585 |  |  | $ | 452,901 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 158,384 |  |  |  | 87,877 |
Operating lease right-of-use assets |  |  | 28,355 |  |  |  | - |
Consolidated |  |  |  |  |  |  |  |
Revenues |  | $ | 3,045,811 |  |  | $ | 2,825,427 |
Total long-lived assets |  |  |  |  |  |  |  |
Long-lived assets excluding operating lease right-of-use assets |  |  | 1,533,872 |  |  |  | 1,479,307 |
Operating lease right-of-use assets |  |  | 263,639 |  |  |  | - |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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