XML 40 R28.htm IDEA: XBRL DOCUMENT v3.20.2

Net Income (Loss) Attributable to Shareholders of Crawford & Company per Common Share (Tables)

6 Months Ended

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

X

- Definition

Schedule of shares issued under stock option plans included in weighted-average common shares used to compute basic earnings per share

+ References

No definition available.

+ Details

Name:	crda_ScheduleOfSharesIssuedUnderStockOptionPlansUsedInWeightedAverageCalculationTableTextBlock
Namespace Prefix:	crda_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of income (loss) on basic earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration