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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Reconciliation of Operating Profit from Segments to Consolidated

Financial information for the three months ended March 31, 2022 and 2021 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,
2022

 

 

March 31,
2021

 

Revenues:

 

 

 

 

 

 

North America Loss Adjusting

 

$

64,438

 

 

$

56,298

 

International Operations

 

 

89,272

 

 

 

86,467

 

Broadspire

 

 

76,454

 

 

 

74,276

 

Platform Solutions

 

 

48,861

 

 

 

36,140

 

Total segment revenues before reimbursements

 

 

279,025

 

 

 

253,181

 

Reimbursements

 

 

8,764

 

 

 

8,974

 

Total revenues

 

$

287,789

 

 

$

262,155

 

 

 

 

 

 

 

 

Segment Operating Earnings (Loss)

 

 

 

 

 

 

North America Loss Adjusting

 

$

4,135

 

 

$

4,361

 

International Operations

 

 

(3,067

)

 

 

(673

)

Broadspire

 

 

6,434

 

 

 

6,734

 

Platform Solutions

 

 

8,038

 

 

 

4,018

 

Total segment operating earnings

 

 

15,540

 

 

 

14,440

 

 

 

 

 

 

 

 

Deduct:

 

 

 

 

 

 

Unallocated corporate and shared costs, net

 

 

(2,452

)

 

 

(1,414

)

Net corporate interest expense

 

 

(1,519

)

 

 

(1,582

)

Stock option expense

 

 

(205

)

 

 

(140

)

Amortization of customer-relationship intangible assets

 

 

(1,726

)

 

 

(2,799

)

Contingent earnout adjustments

 

 

(2,056

)

 

 

 

Income before income taxes

 

$

7,582

 

 

$

8,505

 

 

Schedule of Revenues By Major Service Line

Revenues before reimbursements by major service line in the International Operations, Broadspire and Platform Solutions segments are shown in the following table. The Company considers all North America Loss Adjusting revenues to be primarily derived from one service line.

 

 

 

Three Months Ended

(in thousands)

 

March 31,
2022

 

March 31,
2021

International Operations

 

 

 

 

International Loss Adjusting

 

$83,027

 

$80,645

Crawford Legal Services

 

6,245

 

5,822

Total Revenues before Reimbursements--International Operations

 

$89,272

 

$86,467

 

 

 

 

 

Broadspire

 

 

 

 

Claims Management

 

$39,551

 

$38,151

Medical Management

 

36,903

 

36,125

Total Revenues before Reimbursements--Broadspire

 

$76,454

 

$74,276

 

 

 

 

 

Platform Solutions

 

 

 

 

Contractor Connection

 

$15,263

 

$16,517

Networks

 

27,526

 

19,623

Subrogation

 

6,072

 

Total Revenues before Reimbursements--Platform Solutions

 

$48,861

 

$36,140