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Common Stock and Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Computations of Basic Net Income (Loss) Attributable to Shareholders of Crawford & Company per Common Share

The computations of basic net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:

 

Year Ended December 31,

 

2024

 

 

2023

 

 

2022

 

 

 

CRD-A

 

 

CRD-B

 

 

CRD-A

 

 

CRD-B

 

 

CRD-A

 

 

CRD-B

 

 

 

(In thousands, except earnings (loss) per share)

 

Earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed earnings (loss)

 

$

7,787

 

 

$

5,054

 

 

$

10,649

 

 

$

7,259

 

 

$

(17,850

)

 

$

(12,297

)

Dividends paid

 

 

8,339

 

 

 

5,416

 

 

 

7,554

 

 

 

5,147

 

 

 

7,012

 

 

 

4,830

 

Net income (loss) available to common shareholders, basic

 

 

16,126

 

 

 

10,470

 

 

 

18,203

 

 

 

12,406

 

 

 

(10,838

)

 

 

(7,467

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic

 

 

29,783

 

 

 

19,332

 

 

 

29,039

 

 

 

19,796

 

 

 

29,196

 

 

 

20,113

 

Earnings (loss) per share - basic

 

$

0.54

 

 

$

0.54

 

 

$

0.63

 

 

$

0.63

 

 

$

(0.37

)

 

$

(0.37

)

 

Schedule of Computations of Diluted Net Income (Loss) Attributable to Shareholders of Crawford & Company per Common Share

The computations of diluted net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:

 

Year Ended December 31,

 

2024

 

 

2023

 

 

2022

 

 

 

CRD-A

 

 

CRD-B

 

 

CRD-A

 

 

CRD-B

 

 

CRD-A

 

 

CRD-B

 

 

 

(In thousands, except earnings (loss) per share)

 

Earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed earnings (loss)

 

$

7,850

 

 

$

4,991

 

 

$

10,760

 

 

$

7,148

 

 

$

(17,850

)

 

$

(12,297

)

Dividends paid

 

 

8,339

 

 

 

5,416

 

 

 

7,554

 

 

 

5,147

 

 

 

7,012

 

 

 

4,830

 

Net income (loss) available to common shareholders, diluted

 

 

16,189

 

 

 

10,407

 

 

 

18,314

 

 

 

12,295

 

 

 

(10,838

)

 

 

(7,467

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic

 

 

29,783

 

 

 

19,332

 

 

 

29,039

 

 

 

19,796

 

 

 

29,196

 

 

 

20,113

 

Weighted-average effect of dilutive securities(1)

 

 

621

 

 

 

 

 

 

760

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding, diluted

 

 

30,404

 

 

 

19,332

 

 

 

29,799

 

 

 

19,796

 

 

 

29,196

 

 

 

20,113

 

Earnings (loss) per share - diluted

 

$

0.53

 

 

$

0.54

 

 

$

0.61

 

 

$

0.62

 

 

$

(0.37

)

 

$

(0.37

)

Schedule of Antidilutive Shares Excluded from Computation of Diluted Earnings (Loss) per Share

Listed below are the shares excluded from the denominator in the above computation of diluted earnings (loss) per share for CRD-A because their inclusion would have been anti-dilutive:

 

Year Ended December 31,

 

2024

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Shares underlying stock options excluded due to the options' respective exercise prices being greater than the average stock price during the period

 

 

 

 

 

711

 

 

 

1,542

 

Performance stock grants excluded because performance conditions had not been met(1)

 

 

1,076

 

 

 

993

 

 

 

789

 

(1)
Compensation cost is recognized for these performance stock grants based on expected achievement rates; however no consideration is given for these performance stock grants when calculating earnings per share until the performance measurements are actually achieved.