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Net Income (Loss) Attributable to Shareholders of Crawford & Company per Common Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic
The computations of basic net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:
 
Three months ended
 
Nine months ended
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
(in thousands, except per share amounts)
CRD-A
CRD-B
 
CRD-A
CRD-B
 
CRD-A
CRD-B
 
CRD-A
CRD-B
Earnings (loss) per share - basic:
 
 
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
Allocation of undistributed earnings (loss)
$
4,196

$
3,350

 
$
(2,360
)
$
(1,891
)
 
$
10,003

$
8,037

 
$
(2,198
)
$
(1,770
)
Dividends paid
2,166

1,234

 
2,160

1,234

 
6,459

3,703

 
6,447

3,704

Net income (loss) attributable to common shareholders, basic
$
6,362

$
4,584

 
$
(200
)
$
(657
)
 
$
16,462

$
11,740

 
$
4,249

$
1,934






 




 




 




Denominator:




 




 




 




Weighted-average common shares outstanding, basic
30,922

24,690

 
30,807

24,690

 
30,731

24,690

 
30,668

24,690

Earnings (loss) per share - basic
$
0.21

$
0.19

 
$
(0.01
)
$
(0.03
)
 
$
0.54

$
0.48

 
$
0.14

$
0.08
Schedule of earnings per share, diluted
The computations of diluted net income (loss) attributable to shareholders of Crawford & Company per common share were as follows:
 
Three months ended
 
Nine months ended
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
(in thousands, except per share amounts)
CRD-A
CRD-B
 
CRD-A
CRD-B
 
CRD-A
CRD-B
 
CRD-A
CRD-B
Earnings (loss) per share - diluted:
 
 
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
Allocation of undistributed earnings (loss)
$
4,240

$
3,306

 
$
(2,360
)
$
(1,891
)
 
$
10,071

$
7,969

 
$
(2,214
)
$
(1,754
)
Dividends paid
2,166

1,234

 
2,160

1,234

 
6,459

3,703

 
6,447

3,704

Net income (loss) attributable to common shareholders, diluted
$
6,406

$
4,540

 
$
(200
)
$
(657
)
 
$
16,530

$
11,672

 
$
4,233

$
1,950

 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding, basic
30,922

24,690

 
30,807

24,690

 
30,731

24,690

 
30,668

24,690

Weighted-average effect of dilutive securities
743

—

 
—

—

 
469

—

 
488

—

Weighted-average common shares outstanding, diluted
31,665

24,690

 
30,807

24,690

 
31,200

24,690

 
31,156

24,690

Earnings (loss) per share - diluted
$
0.20

$
0.18

 
$
(0.01
)
$
(0.03
)
 
$
0.53

$
0.47

 
$
0.14

$
0.08
Schedule of antidilutive securities excluded from computation of earnings 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 antidilutive:
 
Three months ended
 
Nine months ended
(in thousands)
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
Shares underlying stock options excluded due to the options' respective exercise prices being greater than the average stock price during the period
50

 
15

 
70

 
32

Performance stock grants excluded because performance conditions have not been met (1)
895

 
1,819

 
895

 
1,969

________________________________________________
(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 earnings per share until the performance measurements have been achieved. The performance measurements for approximately 529,000 outstanding performance stock grants as of September 30, 2016 are expected to be achieved by December 31, 2016.
Schedule of shares issued under stock plans used in weighted average calc
The following table details shares issued during the three months and nine months ended September 30, 2016 and September 30, 2015. These shares are included from their dates of issuance in the weighted-average common shares used to compute basic 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
 
Nine months ended
(in thousands)
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
CRD-A issued under non-employee director stock plan
2

 
4

 
121

 
59

CRD-A issued under the Employee Stock Purchase Plan
119

 
107

 
119

 
107

CRD-A issued under the U.K. ShareSave Scheme
10

 
5

 
151

 
101

CRD-A issued under the International Employee Stock Purchase Plan
7

 
7

 
7

 
7

CRD-A issued under the Executive Stock Bonus Plan
13

 
20

 
17

 
94