XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets Unaudited - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
 [1]
Current Assets:    
Cash and cash equivalents $ 43,304 $ 46,007
Accounts receivable, less allowance for expected credit losses of $9,146 and $9,322, respectively 145,348 141,106
Unbilled revenues, at estimated billable amounts 137,410 126,274
Income taxes receivable 9,098 9,098
Prepaid expenses and other current assets 33,335 28,782
Total Current Assets 368,495 351,267
Net Property and Equipment 27,053 27,809
Other Assets:    
Operating lease right-of-use assets, net 95,224 93,334
Goodwill 76,626 76,622
Intangible assets arising from business acquisitions, net 88,511 88,039
Capitalized software costs, net 86,255 82,975
Deferred income tax assets 19,335 19,573
Other noncurrent assets 54,526 51,888
Total Other Assets 420,477 412,431
TOTAL ASSETS 816,025 791,507
Current Liabilities:    
Short-term borrowings 39,053 27,048
Accounts payable 46,776 50,847
Accrued compensation and related costs 61,438 79,285
Self-insured risks 13,703 12,614
Income taxes payable 4,621 1,208
Operating lease liability 24,367 22,910
Other accrued liabilities 63,812 56,293
Deferred revenues 32,517 29,282
Total Current Liabilities 286,287 279,487
Noncurrent Liabilities:    
Long-term debt and finance leases, less current installments 210,342 211,810
Operating lease liability 84,994 84,628
Deferred revenues 25,029 24,737
Accrued pension liabilities 25,653 25,914
Other noncurrent liabilities 41,893 41,553
Total Noncurrent Liabilities 387,911 388,642
Shareholders' Investment:    
Additional paid-in capital 79,094 78,158
Retained earnings 220,850 213,094
Accumulated other comprehensive loss (205,503) (215,321)
Shareholders' Investment Attributable to Shareholders of Crawford & Company 143,214 124,543
Noncontrolling interests (1,387) (1,165)
Total Shareholders' Investment 141,827 123,378
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 816,025 791,507
Class A Non-Voting    
Shareholders' Investment:    
common stock, Class A and Class B 28,925 28,764
Class B Voting    
Shareholders' Investment:    
common stock, Class A and Class B $ 19,848 $ 19,848
[1] Derived from the audited Consolidated Balance Sheet