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

6 Months Ended

Jun. 30, 2024

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, 2024								June 30, 2023								June 30, 2024								June 30, 2023
(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		$	3,116			$	2,031			$	3,262			$	2,236			$	2,742			$	1,799			$	7,857			$	5,397
Dividends paid			2,081				1,356				1,738				1,191				4,155				2,725				3,472				2,382
Net income attributable to common shareholders, basic		$	5,197			$	3,387			$	5,000			$	3,427			$	6,897			$	4,524			$	11,329			$	7,779
Denominator:
Weighted-average common shares outstanding, basic			29,728				19,374				28,956				19,848				29,657				19,458				28,899				19,848
Earnings per share - basic		$	0.17			$	0.17			$	0.17			$	0.17			$	0.23			$	0.23			$	0.39			$	0.39

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, 2024								June 30, 2023								June 30, 2024								June 30, 2023
(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		$	3,134			$	2,013			$	3,299			$	2,199			$	2,763			$	1,778			$	7,918			$	5,336
Dividends paid			2,081				1,356				1,738				1,191				4,155				2,725				3,472				2,382
Net income attributable to common shareholders, diluted		$	5,215			$	3,369			$	5,037			$	3,390			$	6,918			$	4,503			$	11,390			$	7,718
Denominator:
Weighted-average common shares outstanding, basic			29,728				19,374				28,956				19,848				29,657				19,458				28,899				19,848
Weighted-average effect of dilutive securities			443				—				814			—					568				—				557				—
Weighted-average common shares outstanding, diluted			30,171				19,374				29,770				19,848				30,225				19,458				29,456				19,848
Earnings per share - diluted		$	0.17			$	0.17			$	0.17			$	0.17			$	0.23			$	0.23			$	0.39			$	0.39

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, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Shares underlying stock options excluded		255		456		128		1,482
Performance stock grants excluded because performance conditions have not been met (1)		1,180		1,059		1,140		908

(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, 2024 and 2023, 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, 2024				June 30, 2023				June 30, 2024				June 30, 2023
CRD-A issued under the Non-Employee Director Stock Plan			(9	)			—				62				134
CRD-A issued under the U.K. ShareSave Scheme			124				52				124				52
CRD-A issued under the Employee Stock Purchase Plan			—				—				32				27

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