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Net Income Attributable to Shareholders of Crawford & Company per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Schedule of Computations of Basic Net Income Attributable to Shareholders of Crawford & Company per Common Share | The computations of basic net income attributable to shareholders of Crawford & Company per common share were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  |  | September 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 per share - basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of undistributed earnings |  | $ | 12,839 |  |  | $ | 9,431 |  |  | $ | 4,439 |  |  | $ | 3,308 |  |  | $ | 6,857 |  |  | $ | 5,053 |  |  | $ | 5,654 |  |  | $ | 4,249 |
Dividends paid |  |  | 1,226 |  |  |  | 901 |  |  |  | 2,157 |  |  |  | 1,142 |  |  |  | 4,281 |  |  |  | 2,705 |  |  |  | 6,449 |  |  |  | 3,445 |
Net income attributable to common shareholders, basic |  | $ | 14,065 |  |  | $ | 10,332 |  |  | $ | 6,596 |  |  | $ | 4,450 |  |  | $ | 11,138 |  |  | $ | 7,758 |  |  | $ | 12,103 |  |  | $ | 7,694 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,643 |  |  |  | 22,510 |  |  |  | 30,645 |  |  |  | 22,831 |  |  |  | 30,575 |  |  |  | 22,533 |  |  |  | 30,701 |  |  |  | 23,071 |
Earnings per share - basic |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.22 |  |  | $ | 0.19 |  |  | $ | 0.36 |  |  | $ | 0.34 |  |  | $ | 0.39 |  |  | $ | 0.33 |
Schedule of Computations of Diluted Net Income Attributable to Shareholders of Crawford & Company per Common Share | The computations of diluted net income attributable to shareholders of Crawford & Company per common share were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  |  | September 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 per share - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of undistributed earnings |  | $ | 12,891 |  |  | $ | 9,379 |  |  | $ | 4,470 |  |  | $ | 3,277 |  |  | $ | 6,879 |  |  | $ | 5,031 |  |  | $ | 5,687 |  |  | $ | 4,216 |
Dividends paid |  |  | 1,226 |  |  |  | 901 |  |  |  | 2,157 |  |  |  | 1,142 |  |  |  | 4,281 |  |  |  | 2,705 |  |  |  | 6,449 |  |  |  | 3,445 |
Net income attributable to common shareholders, diluted |  | $ | 14,117 |  |  | $ | 10,280 |  |  | $ | 6,627 |  |  | $ | 4,419 |  |  | $ | 11,160 |  |  | $ | 7,736 |  |  | $ | 12,136 |  |  | $ | 7,661 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,643 |  |  |  | 22,510 |  |  |  | 30,645 |  |  |  | 22,831 |  |  |  | 30,575 |  |  |  | 22,533 |  |  |  | 30,701 |  |  |  | 23,071 |
Weighted-average effect of dilutive securities |  |  | 294 |  |  |  | — |  |  |  | 495 |  |  |  | — |  |  |  | 235 |  |  |  | — |  |  |  | 415 |  |  |  | — |
Weighted-average common shares outstanding, diluted |  |  | 30,937 |  |  |  | 22,510 |  |  |  | 31,140 |  |  |  | 22,831 |  |  |  | 30,810 |  |  |  | 22,533 |  |  |  | 31,116 |  |  |  | 23,071 |
Earnings per share - diluted |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | 0.36 |  |  | $ | 0.34 |  |  | $ | 0.39 |  |  | $ | 0.33 |
Schedule of Antidilutive Shares Excluded from Computation of Diluted Earnings per Share | Listed below are the shares excluded from the denominator in the preceding computation of diluted earnings per share for CRD-A because their inclusion would have been antidilutive:
|  | Three Months Ended |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  |  | September 30, 2019 |
Shares underlying stock options excluded |  |  | 2,014 |  |  |  | 572 |  |  |  | 2,014 |  |  |  | 592 |
Performance stock grants excluded because performance conditions have not been met (1) |  |  | 1,335 |  |  |  | 1,094 |  |  |  | 1,197 |  |  |  | 1,041 |
(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 per Share | The following table details shares issued during the three and nine months ended September 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 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 |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  |  | September 30, 2019 |
CRD-A issued under the Non-Employee Director Stock Plan |  |  | 3 |  |  |  | 2 |  |  |  | 70 |  |  |  | 87 |
CRD-A issued under the U.K. ShareSave Scheme |  |  | 1 |  |  |  | 14 |  |  |  | 2 |  |  |  | 280 |
CRD-A issued under the Executive Stock Bonus Plan |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30 |
CRD-A issued under the 2016 Omnibus Stock and Incentive Plan |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | 62 |
CRD-A issued under the Employee Stock Purchase Plan |  |  | 114 |  |  |  | 131 |  |  |  | 114 |  |  |  | 131 |
CRD-A issued under the International Plan |  |  | 4 |  |  |  | 4 |  |  |  | 4 |  |  |  | 4 |

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