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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019:

 

 

 

Crawford

Claims

Solutions

 

 

Crawford TPA

Solutions

 

 

Crawford

Specialty

Solutions

 

 

Total

 

 

 

(In thousands)

 

Balance at December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

55,553

 

 

$

168,730

 

 

$

73,621

 

 

$

297,904

 

Accumulated impairment losses

 

 

(20,407

)

 

 

(159,424

)

 

 

(21,183

)

 

$

(201,014

)

Net goodwill

 

 

35,146

 

 

 

9,306

 

 

 

52,438

 

 

 

96,890

 

2019 Activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill of acquired businesses

 

 

 

 

 

 

 

 

1,164

 

 

 

1,164

 

Impairment of goodwill

 

 

(17,484

)

 

 

 

 

 

 

 

 

(17,484

)

Foreign currency effects

 

 

6

 

 

 

4

 

 

 

62

 

 

 

72

 

Balance at December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

55,559

 

 

 

168,734

 

 

 

74,847

 

 

 

299,140

 

Accumulated impairment losses

 

 

(37,891

)

 

 

(159,424

)

 

 

(21,183

)

 

 

(218,498

)

Net goodwill

 

 

17,668

 

 

 

9,310

 

 

 

53,664

 

 

 

80,642

 

2020 Activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill of acquired businesses

 

 

 

 

 

2,857

 

 

 

2,644

 

 

 

5,501

 

Impairment of goodwill

 

 

(17,674

)

 

 

 

 

 

 

 

 

(17,674

)

Goodwill of disposed business

 

 

 

 

 

 

 

 

(1,990

)

 

 

(1,990

)

Foreign currency effects

 

 

6

 

 

 

12

 

 

 

40

 

 

 

58

 

Balance at December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

55,565

 

 

 

171,603

 

 

 

75,541

 

 

 

302,709

 

Accumulated impairment losses

 

 

(55,565

)

 

 

(159,424

)

 

 

(21,183

)

 

 

(236,172

)

Net goodwill

 

$

 

 

$

12,179

 

 

$

54,358

 

 

$

66,537

 

Schedule of Finite-Lived Intangible Assets

The following is a summary of finite-lived intangible assets acquired through business acquisitions as of December 31, 2020 and 2019:

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Value

 

 

Weighted-

Average

Amortization

Period

 

 

(In thousands, except years)

 

 

 

December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

131,948

 

 

$

(101,319

)

 

$

30,629

 

 

3.3 years

Technology-based

 

 

18,183

 

 

 

(10,174

)

 

$

8,009

 

 

6.5 years

Trade name

 

 

3,123

 

 

 

(1,737

)

 

$

1,386

 

 

6.0 years

Other

 

 

5,794

 

 

 

(5,489

)

 

$

305

 

 

10.1 years

Total

 

$

159,048

 

 

$

(118,719

)

 

$

40,329

 

 

6.7 years

December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

127,362

 

 

$

(92,354

)

 

$

35,008

 

 

4.0 years

Technology-based

 

 

16,562

 

 

 

(9,108

)

 

 

7,454

 

 

7.0 years

Trade name

 

 

1,795

 

 

 

(1,636

)

 

 

159

 

 

1.7 years

Other

 

 

5,485

 

 

 

(3,869

)

 

 

1,616

 

 

1.8 years

Total

 

$

151,204

 

 

$

(106,967

)

 

$

44,237

 

 

3.8 years

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

At December 31, 2020, annual estimated aggregate amortization expense for intangible assets subject to amortization for the next five years is as follows:

 

 

 

Annual

Amortization

Expense

 

Year Ending December 31,

 

(In thousands)

 

2021

 

$

9,678

 

2022

 

 

4,711

 

2023

 

 

4,614

 

2024

 

 

4,152

 

2025

 

 

4,050

 

Schedule of Indefinite-Lived Intangible Assets

The following is a summary of indefinite-lived intangible assets at December 31, 2020 and 2019:

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Impairments

 

 

Net Carrying

Value

 

 

 

(In thousands)

 

December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

$

32,503

 

 

$

(1,656

)

 

$

30,847

 

December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

$

32,502

 

 

$

(1,656

)

 

$

30,846