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Net Income Attributable to Shareholders of Crawford & Company per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

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																Six months ended
		June 30, 2022								June 30, 2021								June 30, 2022								June 30, 2021
(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		$	1,717			$	1,193			$	4,967			$	3,617			$	2,906			$	1,986			$	6,625			$	4,825
Dividends paid			1,721				1,199				1,849				1,347				3,586				2,448				3,700				2,694
Net income attributable to common shareholders, basic		$	3,438			$	2,392			$	6,816			$	4,964			$	6,492			$	4,434			$	10,325			$	7,519
Denominator:
Weighted-average common shares outstanding, basic			28,757				19,987				30,826				22,445				29,827				20,381				30,825				22,454
Earnings per share - basic		$	0.12			$	0.12			$	0.22			$	0.22			$	0.22			$	0.22			$	0.33			$	0.33

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																Six Months Ended
		June 30, 2022								June 30, 2021								June 30, 2022								June 30, 2021
(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		$	1,726			$	1,184			$	5,045			$	3,539			$	2,919			$	1,973			$	6,720			$	4,730
Dividends paid			1,721				1,199				1,849				1,347				3,586				2,448				3,700				2,694
Net income attributable to common shareholders, diluted		$	3,447			$	2,383			$	6,894			$	4,886			$	6,505			$	4,421			$	10,420			$	7,424
Denominator:
Weighted-average common shares outstanding, basic			28,757				19,987				30,826				22,445				29,827				20,381				30,825				22,454
Weighted-average effect of dilutive securities			388				—				1,171				—				324				—				1,072				—
Weighted-average common shares outstanding, diluted			29,145				19,987				31,997				22,445				30,151				20,381				31,897				22,454
Earnings per share - diluted		$	0.12			$	0.12			$	0.22			$	0.22			$	0.22			$	0.22			$	0.33			$	0.33

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				Six Months Ended
(in thousands)		June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Shares underlying stock options excluded		1,530		353		1,530		724
Performance stock grants excluded because performance conditions have not been met (1)		836		398		730		284

(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 six months ended June 30, 2022 and 2021, including restricted shares that were returned prior to vesting. 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								Six Months Ended
(in thousands)		June 30, 2022				June 30, 2021				June 30, 2022				June 30, 2021
CRD-A issued under the Non-Employee Director Stock Plan			—				(7	)			94				85
CRD-A issued under the U.K. ShareSave Scheme			—				64				—				65
CRD-A issued under the 2016 Omnibus Stock and Incentive Plan			—				(18	)			(6	)			(18	)

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