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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, 2021
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, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
(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 |  | $ | 4,632 |  |  | $ | 3,380 |  |  | $ | 12,839 |  |  | $ | 9,431 |  |  | $ | 11,257 |  |  | $ | 8,205 |  |  | $ | 6,857 |  |  | $ | 5,053 |
Dividends paid |  |  | 1,839 |  |  |  | 1,344 |  |  |  | 1,226 |  |  |  | 901 |  |  |  | 5,539 |  |  |  | 4,038 |  |  |  | 4,281 |  |  |  | 2,705 |
Net income attributable to common shareholders, basic |  | $ | 6,471 |  |  | $ | 4,724 |  |  | $ | 14,065 |  |  | $ | 10,332 |  |  | $ | 16,796 |  |  | $ | 12,243 |  |  | $ | 11,138 |  |  | $ | 7,758 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,711 |  |  |  | 22,407 |  |  |  | 30,643 |  |  |  | 22,510 |  |  |  | 30,786 |  |  |  | 22,438 |  |  |  | 30,575 |  |  |  | 22,533 |
Earnings per share - basic |  | $ | 0.21 |  |  | $ | 0.21 |  |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.55 |  |  | $ | 0.55 |  |  | $ | 0.36 |  |  | $ | 0.34 |
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, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
(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 |  | $ | 4,710 |  |  | $ | 3,302 |  |  | $ | 12,891 |  |  | $ | 9,379 |  |  | $ | 11,428 |  |  | $ | 8,034 |  |  | $ | 6,879 |  |  | $ | 5,031 |
Dividends paid |  |  | 1,839 |  |  |  | 1,344 |  |  |  | 1,226 |  |  |  | 901 |  |  |  | 5,539 |  |  |  | 4,038 |  |  |  | 4,281 |  |  |  | 2,705 |
Net income attributable to common shareholders, diluted |  | $ | 6,549 |  |  | $ | 4,646 |  |  | $ | 14,117 |  |  | $ | 10,280 |  |  | $ | 16,967 |  |  | $ | 12,072 |  |  | $ | 11,160 |  |  | $ | 7,736 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 30,711 |  |  |  | 22,407 |  |  |  | 30,643 |  |  |  | 22,510 |  |  |  | 30,786 |  |  |  | 22,438 |  |  |  | 30,575 |  |  |  | 22,533 |
Weighted-average effect of dilutive securities |  |  | 1,243 |  |  |  | — |  |  |  | 294 |  |  |  | — |  |  |  | 1,130 |  |  |  | — |  |  |  | 235 |  |  |  | — |
Weighted-average common shares outstanding, diluted |  |  | 31,954 |  |  |  | 22,407 |  |  |  | 30,937 |  |  |  | 22,510 |  |  |  | 31,916 |  |  |  | 22,438 |  |  |  | 30,810 |  |  |  | 22,533 |
Earnings per share - diluted |  | $ | 0.20 |  |  | $ | 0.21 |  |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.53 |  |  | $ | 0.54 |  |  | $ | 0.36 |  |  | $ | 0.34 |
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, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
Shares underlying stock options excluded |  | 352 |  | 2,014 |  | 706 |  | 2,014
Performance stock grants excluded because performance conditions have not been met (1) |  | 396 |  | 1,335 |  | 318 |  | 1,197
(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, 2021 and 2020. 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, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
CRD-A issued under the Non-Employee Director Stock Plan |  |  | — |  |  |  | 3 |  |  |  | 67 |  |  |  | 70 |
CRD-A issued under the U.K. ShareSave Scheme |  |  | 5 |  |  |  | 1 |  |  |  | 70 |  |  |  | 2 |
CRD-A issued under the Employee Stock Purchase Plan |  |  | 159 |  |  |  | 114 |  |  |  | 159 |  |  |  | 114 |
CRD-A issued under the International Plan |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 4 |

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