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Net Income (Loss) Attributable to Shareholders of Crawford & Company per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Schedule of Computations of Basic Net Income (loss) Attributable to Shareholders of Crawford & Company per Common Share | The computations of basic net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2019 |
(in thousands, except per share amounts) |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |
Earnings (loss) per share - basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of undistributed earnings (loss) |  | $ | 2,479 |  |  | $ | 1,828 |  |  | $ | (384 | ) |  | $ | (287 | ) |  | $ | (5,960 | ) |  | $ | (4,400 | ) |  | $ | 1,229 |  |  | $ | 927 |
Dividends paid |  |  | 916 |  |  |  | 675 |  |  |  | 2,161 |  |  |  | 1,152 |  |  |  | 3,055 |  |  |  | 1,804 |  |  |  | 4,291 |  |  |  | 2,304 |
Net income (loss) attributable to common shareholders, basic |  | $ | 3,395 |  |  | $ | 2,503 |  |  | $ | 1,777 |  |  | $ | 865 |  |  | $ | (2,905 | ) |  | $ | (2,596 | ) |  | $ | 5,520 |  |  | $ | 3,231 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,521 |  |  |  | 22,510 |  |  |  | 30,799 |  |  |  | 23,021 |  |  |  | 30,541 |  |  |  | 22,544 |  |  |  | 30,729 |  |  |  | 23,193 |
Earnings (loss) per share - basic |  |  | 0.11 |  |  |  | 0.11 |  |  |  | 0.06 |  |  |  | 0.04 |  |  |  | (0.10 | ) |  |  | (0.12 | ) |  |  | 0.18 |  |  |  | 0.14 |
Schedule of Computations of Diluted Net Income (loss) Attributable to Shareholders of Crawford & Company per Common Share | The computations of diluted net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2019 |
(in thousands, except per share amounts) |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |  |  | CRD-A |  |  | CRD-B |
Earnings (loss) per share - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of undistributed earnings (loss) |  | $ | 2,479 |  |  | $ | 1,828 |  |  | $ | (385 | ) |  | $ | (286 | ) |  | $ | (5,960 | ) |  | $ | (4,400 | ) |  | $ | 1,235 |  |  | $ | 921 |
Dividends paid |  |  | 916 |  |  |  | 675 |  |  |  | 2,161 |  |  |  | 1,152 |  |  |  | 3,055 |  |  |  | 1,804 |  |  |  | 4,291 |  |  |  | 2,304 |
Net income (loss) attributable to common shareholders, diluted |  | $ | 3,395 |  |  | $ | 2,503 |  |  | $ | 1,776 |  |  | $ | 866 |  |  | $ | (2,905 | ) |  | $ | (2,596 | ) |  | $ | 5,526 |  |  | $ | 3,225 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,521 |  |  |  | 22,510 |  |  |  | 30,799 |  |  |  | 23,021 |  |  |  | 30,541 |  |  |  | 22,544 |  |  |  | 30,729 |  |  |  | 23,193 |
Weighted-average effect of dilutive securities |  |  | 169 |  |  |  | — |  |  |  | 314 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 381 |  |  |  | — |
Weighted-average common shares outstanding, diluted |  |  | 30,690 |  |  |  | 22,510 |  |  |  | 31,113 |  |  |  | 23,021 |  |  |  | 30,541 |  |  |  | 22,544 |  |  |  | 31,110 |  |  |  | 23,193 |
Earnings (loss) per share - diluted |  |  | 0.11 |  |  |  | 0.11 |  |  |  | 0.06 |  |  |  | 0.04 |  |  |  | (0.10 | ) |  |  | (0.12 | ) |  |  | 0.18 |  |  |  | 0.14 |
Schedule of Antidilutive Shares Excluded from Computation of Diluted Earnings (Loss) per Share | Listed below are the shares excluded from the denominator in the preceding computation of diluted earnings (loss) per share for CRD-A because their inclusion would have been antidilutive:
|  | Three Months Ended |  |  | Six Months Ended |
(in thousands) |  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2019 |
Shares underlying stock options excluded |  |  | 2,011 |  |  |  | 1,585 |  |  |  | 1,962 |  |  |  | 1,439 |
Performance stock grants excluded because performance conditions have not been met (1) |  |  | 1,289 |  |  |  | 1,111 |  |  |  | 1,125 |  |  |  | 1,018 |
(1) | Compensation cost is recognized for these performance stock grants based on expected achievement rates; however, no consideration is given to these performance stock grants when calculating diluted earnings per share until the performance measurements have been achieved.
Schedule of Shares Issued and Included in Weighted-average Common Shares used to Compute Basic and Diluted Earnings (Loss) per Share | The following table details shares issued during the three and six months ended June 30, 2020 and 2019. These shares are included from their dates of issuance in the weighted-average common shares used to compute basic and diluted earnings (loss) per share for CRD-A in the table above. There were no shares of CRD-B issued during any of these periods.
|  | Three Months Ended |  |  | Six Months Ended |
(in thousands) |  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2019 |
CRD-A issued under Non-Employee Director Stock Plan |  |  | 4 |  |  |  | 9 |  |  |  | 67 |  |  |  | 85 |
CRD-A issued under the U.K. ShareSave Scheme |  |  | — |  |  |  | 257 |  |  |  | 1 |  |  |  | 266 |
CRD-A issued under Executive Stock Bonus Plan |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30 |
CRD-A issued under 2016 Omnibus Stock and Incentive Plan |  |  | — |  |  |  | 59 |  |  |  | — |  |  |  | 59 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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