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Condensed Consolidated Balance Sheets Unaudited - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
[1]
Current Assets:    
Cash and cash equivalents $ 45,196 $ 58,363
Accounts receivable, less allowance for expected credit losses of $10,995 and $8,599, respectively 125,985 131,362
Unbilled revenues, at estimated billable amounts 127,597 116,611
Income taxes receivable 2,586 4,842
Prepaid expenses and other current assets 44,460 58,168
Total Current Assets 345,824 369,346
Net Property and Equipment 21,597 22,742
Other Assets:    
Operating lease right-of-use assets, net 86,141 88,615
Goodwill 76,621 76,724
Intangible assets arising from business acquisitions, net 80,341 81,786
Capitalized software costs, net 99,942 96,770
Deferred income tax assets 26,162 26,247
Other noncurrent assets 39,649 36,969
Total Other Assets 408,856 407,111
TOTAL ASSETS 776,277 799,199
Current Liabilities:    
Short-term borrowings 19,354 14,813
Accounts payable 45,232 45,107
Accrued compensation and related costs 64,256 97,842
Self-insured risks 20,188 33,238
Income taxes payable 5,334 6,130
Operating lease liability 24,438 24,351
Other accrued liabilities 48,108 42,271
Deferred revenues 37,224 35,540
Total Current Liabilities 264,134 299,292
Noncurrent Liabilities:    
Long-term debt and finance leases, less current installments 210,823 194,335
Operating lease liability 74,295 78,029
Deferred revenues 23,807 24,871
Accrued pension liabilities 23,440 24,006
Other noncurrent liabilities 36,540 38,835
Total Noncurrent Liabilities 368,905 360,076
Shareholders' Investment:    
Additional paid-in capital 83,104 82,589
Retained earnings 227,311 228,564
Accumulated other comprehensive loss (214,792) (218,615)
Shareholders' Investment Attributable to Shareholders of Crawford & Company 144,720 141,618
Noncontrolling interests (1,482) (1,787)
Total Shareholders' Investment 143,238 139,831
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 776,277 799,199
Class A Non-Voting    
Shareholders' Investment:    
Common stock outstanding, value 29,628 29,525
Class B Voting    
Shareholders' Investment:    
Common stock outstanding, value $ 19,469 $ 19,555
[1] Derived from the audited Consolidated Balance Sheet