XML 40 R29.htm IDEA: XBRL DOCUMENT v3.23.3

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

9 Months Ended

Sep. 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								Nine Months Ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 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 (loss) per share - basic:
Numerator:
Allocation of undistributed earnings		$5,288		$3,601		$(10,647)		$(7,401)		$13,143		$9,000		$(7,797)		$(5,359)
Dividends paid		2,041		1,389		1,713		1,191		5,513		3,771		5,299		3,639
Net income (loss) attributable to common shareholders, basic		$7,329		$4,990		$(8,934)		$(6,210)		$18,656		$12,771		$(2,498)		$(1,720)
Denominator:
Weighted-average common shares outstanding, basic		29,140		19,837		28,553		19,848		28,980		19,845		29,397		20,202
Earnings (loss) per share - basic		$0.25		$0.25		$(0.31)		$(0.31)		$0.64		$0.64		$(0.08)		$(0.09)

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, 2023								September 30, 2022								September 30, 2023								September 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 (loss) per share - diluted:
Numerator:
Allocation of undistributed earnings		$	5,355			$	3,534			$	(10,647	)		$	(7,401	)		$	13,266			$	8,877			$	(7,797	)		$	(5,359	)
Dividends paid			2,041				1,389				1,713				1,191				5,513				3,771				5,299				3,639
Net income (loss) attributable to common shareholders, diluted		$	7,396			$	4,923			$	(8,934	)		$	(6,210	)		$	18,779			$	12,648			$	(2,498	)		$	(1,720	)
Denominator:
Weighted-average common shares outstanding, basic			29,140				19,837				28,553				19,848				28,980				19,845				29,397				20,202
Weighted-average effect of dilutive securities			923				—				—				—				679				—				—				—
Weighted-average common shares outstanding, diluted			30,063				19,837				28,553				19,848				29,659				19,845				29,397				20,202
Earnings (loss) per share - diluted		$	0.25			$	0.25			$	(0.31	)		$	(0.31	)		$	0.63			$	0.64			$	(0.08	)		$	(0.09	)

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, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Shares underlying stock options excluded		100		1,542		1,171		1,542
Performance stock grants excluded because performance conditions have not been met (1)		1,047		816		955		759

(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, 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								Nine Months Ended
(in thousands)		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
CRD-A issued under the Non-Employee Director Stock Plan			—				5				134				99
CRD-A issued under the U.K. ShareSave Scheme			17				—				69				—
CRD-A issued under the Employee Stock Purchase Plan			154				124				181				124
CRD-A issued under the 2016 Omnibus Stock and Incentive Plan			—				—				—				(6	)

X

- Definition

Schedule of shares issued under stock option plans included in weighted-average common shares used to compute basic earnings per share

+ References

No definition available.

+ Details

Name:	crda_ScheduleOfSharesIssuedUnderStockOptionPlansUsedInWeightedAverageCalculationTableTextBlock
Namespace Prefix:	crda_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of income (loss) on basic earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration