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

9 Months Ended

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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