XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets Unaudited - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
 [1]
Current Assets:    
Cash and cash equivalents $ 49,208 $ 46,007
Accounts receivable, less allowance for expected credit losses of $10,518 and $9,322, respectively 151,142 141,106
Unbilled revenues, at estimated billable amounts 131,251 126,274
Income taxes receivable 4,245 9,098
Prepaid expenses and other current assets 44,145 28,782
Total Current Assets 379,991 351,267
Net Property and Equipment 24,322 27,809
Other Assets:    
Operating lease right-of-use assets, net 91,364 93,334
Goodwill 76,637 76,622
Intangible assets arising from business acquisitions, net 84,960 88,039
Capitalized software costs, net 93,370 82,975
Deferred income tax assets 18,142 19,573
Other noncurrent assets 58,405 51,888
Total Other Assets 422,878 412,431
TOTAL ASSETS 827,191 791,507
Current Liabilities:    
Short-term borrowings 16,955 27,048
Accounts payable 44,473 50,847
Accrued compensation and related costs 81,579 79,285
Self-insured risks 22,545 12,614
Income taxes payable 632 1,208
Operating lease liability 24,766 22,910
Other accrued liabilities 65,219 56,293
Deferred revenues 34,512 29,282
Total Current Liabilities 290,681 279,487
Noncurrent Liabilities:    
Long-term debt and finance leases, less current installments 201,487 211,810
Operating lease liability 80,411 84,628
Deferred revenues 25,535 24,737
Accrued pension liabilities 24,969 25,914
Other noncurrent liabilities 41,138 41,553
Total Noncurrent Liabilities 373,540 388,642
Shareholders' Investment:    
Additional paid-in capital 83,548 78,158
Retained earnings 234,718 213,094
Accumulated other comprehensive loss (202,577) (215,321)
Shareholders' Investment Attributable to Shareholders of Crawford & Company 164,622 124,543
Noncontrolling interests (1,652) (1,165)
Total Shareholders' Investment 162,970 123,378
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 827,191 791,507
Class A Non-Voting    
Shareholders' Investment:    
common stock, Class A and Class B 29,148 28,764
Class B Voting    
Shareholders' Investment:    
common stock, Class A and Class B $ 19,785 $ 19,848
[1] Derived from the audited Consolidated Balance Sheet