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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated Other Comprehensive Loss

10.

Accumulated Other Comprehensive Loss

Comprehensive income (loss) for the Company consists of the total of net income, foreign currency translation adjustments, and accrued pension and retiree medical liability adjustments. Foreign currency translation adjustments include net unrealized losses from intra-entity loans that are long-term in nature of $(5,165,000), $(928,000), and $(1,838,000) for the years ended December 31, 2020, 2019, and 2018, respectively. The changes in components of "Accumulated other comprehensive loss" ("AOCL"), net of taxes and noncontrolling interests, included in the Company's Consolidated Balance Sheets were as follows:

 

 

Foreign currency

translation

adjustments

 

 

Retirement

liabilities

 

 

AOCL

attributable to

shareholders of

Crawford &

Company

 

 

 

(In thousands)

 

Balance at December 31, 2018

 

$

(36,352

)

 

$

(180,095

)

 

$

(216,447

)

Other comprehensive income before reclassifications

 

 

502

 

 

 

 

 

 

502

 

Unrealized net gains arising during the year

 

 

 

 

 

1,036

 

 

 

1,036

 

Amounts reclassified from accumulated other comprehensive income to net income (1)

 

 

 

 

 

8,002

 

 

 

8,002

 

Net current period other comprehensive income

 

 

502

 

 

 

9,038

 

 

 

9,540

 

Balance at December 31, 2019

 

 

(35,850

)

 

 

(171,057

)

 

 

(206,907

)

Other comprehensive income before reclassifications

 

 

4,595

 

 

 

 

 

 

4,595

 

Unrealized net losses arising during the year

 

 

 

 

 

(4,966

)

 

 

(4,966

)

Amounts reclassified from accumulated other comprehensive income to net income (1)

 

 

 

 

 

7,959

 

 

 

7,959

 

Net current period other comprehensive income

 

 

4,595

 

 

 

2,993

 

 

 

7,588

 

Acquisition/Disposition of noncontrolling interest

 

 

463

 

 

 

 

 

 

463

 

Balance at December 31, 2020

 

$

(30,792

)

 

$

(168,064

)

 

$

(198,856

)

(1)

Retirement liabilities reclassified to net income are related to the amortization of actuarial losses and are included in "Selling, general, and administrative expenses" in the Company's Consolidated Statements of Operations. See Note 8, "Retirement Plans" for additional details.

Other comprehensive loss amounts attributable to noncontrolling interests shown in the Company's Consolidated Statements of Shareholders' Investment are foreign currency translation adjustments.