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Note 8 - Prepaid Expenses and Other Assets | 12 Months Ended
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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.

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