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Net Income Attributable to Shareholders of Crawford & Company per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2023
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, 2023 |  |  | June 30, 2022 |  |  | June 30, 2023 |  |  | June 30, 2022 |
(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 |  | $ | 3,262 |  |  | $ | 2,236 |  |  | $ | 1,717 |  |  | $ | 1,193 |  |  | $ | 7,857 |  |  | $ | 5,397 |  |  | $ | 2,906 |  |  | $ | 1,986 |
Dividends paid |  |  | 1,738 |  |  |  | 1,191 |  |  |  | 1,721 |  |  |  | 1,199 |  |  |  | 3,472 |  |  |  | 2,382 |  |  |  | 3,586 |  |  |  | 2,448 |
Net income attributable to common shareholders, basic |  | $ | 5,000 |  |  | $ | 3,427 |  |  | $ | 3,438 |  |  | $ | 2,392 |  |  | $ | 11,329 |  |  | $ | 7,779 |  |  | $ | 6,492 |  |  | $ | 4,434 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 28,956 |  |  |  | 19,848 |  |  |  | 28,757 |  |  |  | 19,987 |  |  |  | 28,899 |  |  |  | 19,848 |  |  |  | 29,827 |  |  |  | 20,381 |
Earnings per share - basic |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.39 |  |  | $ | 0.39 |  |  | $ | 0.22 |  |  | $ | 0.22 |
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, 2023 |  |  | June 30, 2022 |  |  | June 30, 2023 |  |  | June 30, 2022 |
(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 |  | $ | 3,299 |  |  | $ | 2,199 |  |  | $ | 1,726 |  |  | $ | 1,184 |  |  | $ | 7,918 |  |  | $ | 5,336 |  |  | $ | 2,919 |  |  | $ | 1,973 |
Dividends paid |  |  | 1,738 |  |  |  | 1,191 |  |  |  | 1,721 |  |  |  | 1,199 |  |  |  | 3,472 |  |  |  | 2,382 |  |  |  | 3,586 |  |  |  | 2,448 |
Net income attributable to common shareholders, diluted |  | $ | 5,037 |  |  | $ | 3,390 |  |  | $ | 3,447 |  |  | $ | 2,383 |  |  | $ | 11,390 |  |  | $ | 7,718 |  |  | $ | 6,505 |  |  | $ | 4,421 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 28,956 |  |  |  | 19,848 |  |  |  | 28,757 |  |  |  | 19,987 |  |  |  | 28,899 |  |  |  | 19,848 |  |  |  | 29,827 |  |  |  | 20,381 |
Weighted-average effect of dilutive securities |  |  | 814 |  |  |  | — |  |  |  | 388 |  |  |  | — |  |  |  | 557 |  |  |  | — |  |  |  | 324 |  |  |  | — |
Weighted-average common shares outstanding, diluted |  |  | 29,770 |  |  |  | 19,848 |  |  |  | 29,145 |  |  |  | 19,987 |  |  |  | 29,456 |  |  |  | 19,848 |  |  |  | 30,151 |  |  |  | 20,381 |
Earnings per share - diluted |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.39 |  |  | $ | 0.39 |  |  | $ | 0.22 |  |  | $ | 0.22 |
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, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
Shares underlying stock options excluded |  | 456 |  | 1,530 |  | 1,482 |  | 1,530
Performance stock grants excluded because performance conditions have not been met (1) |  | 1,059 |  | 836 |  | 908 |  | 730
(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, 2023 and 2022, 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, 2023 |  |  | June 30, 2022 |  |  | June 30, 2023 |  |  | June 30, 2022 |
CRD-A issued under the Non-Employee Director Stock Plan |  |  | — |  |  |  | — |  |  |  | 134 |  |  |  | 94 |
CRD-A issued under the U.K. ShareSave Scheme |  |  | 52 |  |  |  | — |  |  |  | 52 |  |  |  | — |
CRD-A issued under the Employee Stock Purchase Plan |  |  | — |  |  |  | — |  |  |  | 27 |  |  |  | (6 | )

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