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

9 Months Ended

Sep. 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																Nine months ended
		September 30, 2022								September 30, 2021								September 30, 2022								September 30, 2021
(in thousands, except per share amounts)		CRD-A				CRD-B				CRD-A				CRD-B				CRD-A				CRD-B				CRD-A				CRD-B
(Loss) earnings per share - basic:
Numerator:
Allocation of undistributed (loss) earnings		$	(10,647	)		$	(7,401	)		$	4,632			$	3,380			$	(7,797	)		$	(5,359	)		$	11,257			$	8,205
Dividends paid			1,713				1,191				1,839				1,344				5,299				3,639				5,539				4,038
Net (loss) income attributable to common shareholders, basic		$	(8,934	)		$	(6,210	)		$	6,471			$	4,724			$	(2,498	)		$	(1,720	)		$	16,796			$	12,243
Denominator:
Weighted-average common shares outstanding, basic			28,553				19,848				30,711				22,407				29,397				20,202				30,786				22,438
(Loss) earnings per share - basic		$	(0.31	)		$	(0.31	)		$	0.21			$	0.21			$	(0.08	)		$	(0.09	)		$	0.55			$	0.55

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, 2022								September 30, 2021								September 30, 2022								September 30, 2021
(in thousands, except per share amounts)		CRD-A				CRD-B				CRD-A				CRD-B				CRD-A				CRD-B				CRD-A				CRD-B
(Loss) earnings per share - diluted:
Numerator:
Allocation of undistributed (loss) earnings		$	(10,647	)		$	(7,401	)		$	4,710			$	3,302			$	(7,797	)		$	(5,359	)		$	11,428			$	8,034
Dividends paid			1,713				1,191				1,839				1,344				5,299				3,639				5,539				4,038
Net (loss) income attributable to common shareholders, diluted		$	(8,934	)		$	(6,210	)		$	6,549			$	4,646			$	(2,498	)		$	(1,720	)		$	16,967			$	12,072
Denominator:
Weighted-average common shares outstanding, basic			28,553				19,848				30,711				22,407				29,397				20,202				30,786				22,438
Weighted-average effect of dilutive securities			—				—				1,243				—				—				—				1,130				—
Weighted-average common shares outstanding, diluted			28,553				19,848				31,954				22,407				29,397				20,202				31,916				22,438
(Loss) earnings per share - diluted		$	(0.31	)		$	(0.31	)		$	0.20			$	0.21			$	(0.08	)		$	(0.09	)		$	0.53			$	0.54

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, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Shares underlying stock options excluded		1,542		352		1,542		706
Performance stock grants excluded because performance conditions have not been met (1)		816		396		759		318

(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, 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								Nine Months Ended
(in thousands)		September 30, 2022				September 30, 2021				September 30, 2022				September 30, 2021
CRD-A issued under the Non-Employee Director Stock Plan			5				—				99				67
CRD-A issued under the U.K. ShareSave Scheme			—				5				—				70
CRD-A issued under the Employee Stock Purchase Plan			124				159				124				159
CRD-A issued under the 2016 Omnibus Stock and Incentive Plan			—				—				(6	)			—

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