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

3 Months Ended

Mar. 31, 2020

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



	Three Months Ended
	March 31, 2020						March 31, 2019
(in thousands, except per share amounts)	CRD-A			CRD-B			CRD-A		CRD-B
(Loss) earnings per share - basic:
Numerator:
Allocation of undistributed (loss) earnings	$	(8,436	)	$	(6,232	)	$	1,604	$	1,223
Dividends paid	2,140			1,129			2,131		1,151
Net (loss) income attributable to common shareholders, basic	$	(6,296	)	$	(5,103	)	$	3,735	$	2,374

Denominator:
Weighted-average common shares outstanding, basic	30,562			22,578			30,658		23,367
(Loss) earnings per share - basic	$	(0.21	)	$	(0.23	)	$	0.12	$	0.10

Schedule of earnings per share, diluted

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



	Three Months Ended
	March 31, 2020						March 31, 2019
(in thousands, except per share amounts)	CRD-A			CRD-B			CRD-A		CRD-B
(Loss) earnings per share - diluted:
Numerator:
Allocation of undistributed (loss) earnings	$	(8,436	)	$	(6,232	)	$	1,614	$	1,213
Dividends paid	2,140			1,129			2,131		1,151
Net (loss) income attributable to common shareholders, diluted	$	(6,296	)	$	(5,103	)	$	3,745	$	2,364

Denominator:
Weighted-average common shares outstanding, basic	30,562			22,578			30,658		23,367
Weighted-average effect of dilutive securities	—			—			448		—
Weighted-average common shares outstanding, diluted	30,562			22,578			31,106		23,367
(Loss) earnings per share - diluted	$	(0.21	)	$	(0.23	)	$	0.12	$	0.10

Schedule of antidilutive securities excluded from computation of earnings per share

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



	Three Months Ended
(in thousands)	March 31, 2020	March 31, 2019
Shares underlying stock options excluded	1,904	931
Performance stock grants excluded because performance conditions have not been met ⁽¹⁾	932	1,144


⁽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 under stock plans used in weighted average calc

The following table details shares issued during the three months ended March 31, 2020 and March 31, 2019. These shares are included from their dates of issuance in the weighted-average common shares used to compute basic and diluted (loss) 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
(in thousands)	March 31, 2020	March 31, 2019
CRD-A issued under Non-Employee Director Stock Plan	81	76
CRD-A issued under the U.K. ShareSave Scheme	1	9
CRD-A issued under Executive Stock Bonus Plan	—	30