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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2024

 

 

Six Months Ended June 30, 2024

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities
(1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities (1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

Beginning balance

 

$

(48,222

)

 

$

(166,570

)

 

$

(214,792

)

 

$

(49,486

)

 

$

(169,129

)

 

$

(218,615

)

Other comprehensive loss before reclassifications

 

 

(2,116

)

 

 

 

 

 

(2,116

)

 

 

(852

)

 

 

 

 

 

(852

)

Amounts reclassified from accumulated other comprehensive income to net income

 

 

 

 

 

2,506

 

 

 

2,506

 

 

 

 

 

 

5,065

 

 

 

5,065

 

Net current period other comprehensive (loss) income

 

 

(2,116

)

 

 

2,506

 

 

 

390

 

 

 

(852

)

 

 

5,065

 

 

 

4,213

 

Ending balance

 

$

(50,338

)

 

$

(164,064

)

 

$

(214,402

)

 

$

(50,338

)

 

$

(164,064

)

 

$

(214,402

)

 

 

 

Three Months Ended June 30, 2023

 

 

Six Months Ended June 30, 2023

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities
(1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities
(1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

Beginning balance

 

$

(44,849

)

 

$

(160,654

)

 

$

(205,503

)

 

$

(52,581

)

 

$

(162,740

)

 

$

(215,321

)

Other comprehensive (loss) income before reclassifications

 

 

(1,990

)

 

 

 

 

 

(1,990

)

 

 

5,742

 

 

 

 

 

 

5,742

 

Amounts reclassified from accumulated other comprehensive income to net income

 

 

 

 

 

2,653

 

 

 

2,653

 

 

 

 

 

 

4,739

 

 

 

4,739

 

Net current period other comprehensive (loss) income

 

 

(1,990

)

 

 

2,653

 

 

 

663

 

 

 

5,742

 

 

 

4,739

 

 

 

10,481

 

Ending balance

 

$

(46,839

)

 

$

(158,001

)

 

$

(204,840

)

 

$

(46,839

)

 

$

(158,001

)

 

$

(204,840

)

 

(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.