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Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Reconciliation of Operating Profit from Segments to Consolidated

Financial information for the three months ended March 31, 2021 and 2020 related to the Company's reportable segments, including a reconciliation from segment operating earnings to income before income taxes, the most directly comparable GAAP financial measure, is presented below:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,

2021

 

 

March 31,

2020

 

Revenues:

 

 

 

 

 

 

 

 

Crawford Loss Adjusting

 

$

112,537

 

 

$

107,104

 

Crawford TPA Solutions

 

 

98,245

 

 

 

97,997

 

Crawford Platform Solutions

 

 

42,399

 

 

 

32,430

 

Total segment revenues before reimbursements

 

 

253,181

 

 

 

237,531

 

Reimbursements

 

 

8,974

 

 

 

8,515

 

Total revenues

 

$

262,155

 

 

$

246,046

 

 

 

 

 

 

 

 

 

 

Segment Operating Earnings

 

 

 

 

 

 

 

 

Crawford Loss Adjusting

 

$

4,862

 

 

$

672

 

Crawford TPA Solutions

 

 

4,716

 

 

 

6,298

 

Crawford Platform Solutions

 

 

4,601

 

 

 

3,139

 

Total segment operating earnings

 

 

14,179

 

 

 

10,109

 

 

 

 

 

 

 

 

 

 

Deduct:

 

 

 

 

 

 

 

 

Unallocated corporate and shared costs, net

 

 

(1,153

)

 

 

(3,096

)

Net corporate interest expense

 

 

(1,582

)

 

 

(2,224

)

Stock option expense

 

 

(140

)

 

 

(290

)

Amortization of customer-relationship intangible assets

 

 

(2,799

)

 

 

(2,756

)

Goodwill impairment

 

 

 

 

 

(17,674

)

Restructuring costs

 

 

 

 

 

(5,714

)

Income before income taxes

 

$

8,505

 

 

$

(21,645

)

Schedule of Revenues By Major Service Line

Revenues before reimbursements by major service line in the Crawford TPA Solutions segment, which operates under the Broadspire brand globally, and the Crawford Platform Solutions segment are shown in the following table. The Company considers all Crawford Loss Adjusting revenues to be derived from one service line.

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,

2021

 

 

March 31,

2020

 

Crawford TPA Solutions

 

 

 

 

 

 

 

 

Claims Management Services

 

$

62,119

 

 

$

55,928

 

Medical Management Services

 

 

36,126

 

 

 

42,069

 

Total Revenues before Reimbursements--Crawford TPA Solutions

 

$

98,245

 

 

$

97,997

 

Crawford Platform Solutions

 

 

 

 

 

 

 

 

Contractor Connection

 

$

20,982

 

 

$

19,038

 

Network Business

 

 

21,417

 

 

 

13,392

 

Total Revenues before Reimbursements--Crawford Platform Solutions

 

$

42,399

 

 

$

32,430