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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The changes in components of "Accumulated other comprehensive loss" ("AOCL"), net of taxes and noncontrolling interests, included in the Company's unaudited condensed consolidated financial statements were as follows:

 

 

 

Three Months Ended March 31, 2024

 

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities
(1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

 

Beginning balance

 

$

(49,486

)

 

$

(169,129

)

 

$

(218,615

)

 

Other comprehensive income before reclassifications

 

 

1,264

 

 

 

 

 

 

1,264

 

 

Amounts reclassified from accumulated other comprehensive income to net income

 

 

 

 

 

2,559

 

 

 

2,559

 

 

Net current period other comprehensive income

 

 

1,264

 

 

 

2,559

 

 

 

3,823

 

 

Ending balance

 

$

(48,222

)

 

$

(166,570

)

 

$

(214,792

)

 

 

 

 

Three Months Ended March 31, 2023

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities
(1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

Beginning balance

 

$

(52,581

)

 

$

(162,740

)

 

$

(215,321

)

Other comprehensive income before reclassifications

 

 

7,732

 

 

 

 

 

 

7,732

 

Amounts reclassified from accumulated other comprehensive income to net income

 

 

 

 

 

2,086

 

 

 

2,086

 

Net current period other comprehensive income

 

 

7,732

 

 

 

2,086

 

 

 

9,818

 

Ending balance

 

$

(44,849

)

 

$

(160,654

)

 

$

(205,503

)

 

(1) Retirement liabilities reclassified to net income are related to the amortization of actuarial losses and are included in "Other Loss, net" in the Company's unaudited Condensed Consolidated Statements of Operations. See Note 6, "Defined Benefit Pension Plans" for additional details.