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Note 8 - Goodwill
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Goodwill Disclosure [Text Block]
8.
Goodwill
 
    FirstService
Residential		     FirstService
Brands		     Consolidated  
                   
Balance, December 31, 2016   $
173,673
     $
92,493
     $
266,166
  
Goodwill acquired during the year    
13,358
      
16,032
      
29,390
  
Accumulated goodwill impairment loss    
-
      
(6,150
 )    
(6,150
 )
Other items    
(32
 )    
898
      
866
  
Foreign exchange    
1,224
      
424
      
1,648
  
Balance, December 31, 2017    
188,223
      
103,697
      
291,920
  
Goodwill acquired during the year    
6,248
      
36,631
      
42,879
  
Other items    
922
      
1,633
      
2,555
  
Foreign exchange    
(1,450
 )    
(749
 )    
(2,199
 )
Balance, December 31, 2018   $
193,943
     $
141,212
     $
335,155
  
 
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.
No
goodwill impairments were identified in
2018.
On
August 1, 2017,
the Company determined that there was impairment in the Service America reporting unit within the FirstService Brands segment driven by weak performance. The fair value of the reporting unit was determined using a discounted cash flow model, which falls within level
3
of the fair value hierarchy and is based on management’s forecast and current trends. The amount of the impairment loss related to the reporting unit was
$3,752
(net of income taxes of
$2,398
).