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

6 Months Ended

Jun. 30, 2021

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 (loss) attributable to shareholders of Crawford & Company per common share were as follows:

	Three Months Ended								Six months ended
	June 30, 2021				June 30, 2020				June 30, 2021				June 30, 2020
(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)	$	4,967	$	3,617	$	2,479	$	1,828	$	6,625	$	4,825	$	(5,960	)	$	(4,400	)
Dividends paid		1,849		1,347		916		675		3,700		2,694		3,055			1,804
Net income (loss) attributable to common shareholders, basic	$	6,816	$	4,964	$	3,395	$	2,503	$	10,325	$	7,519	$	(2,905	)	$	(2,596	)
Denominator:
Weighted-average common shares outstanding, basic		30,826		22,445		30,521		22,510		30,825		22,454		30,541			22,544
Earnings (loss) per share - basic	$	0.22	$	0.22	$	0.11	$	0.11	$	0.33	$	0.33	$	(0.10	)	$	(0.12	)

Schedule of Computations of Diluted Net Income 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:

	Three Months Ended								Six Months Ended
	June 30, 2021				June 30, 2020				June 30, 2021				June 30, 2020
(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)	$	5,045	$	3,539	$	2,479	$	1,828	$	6,720	$	4,730	$	(5,960	)	$	(4,400	)
Dividends paid		1,849		1,347		916		675		3,700		2,694		3,055			1,804
Net income (loss) attributable to common shareholders, diluted	$	6,894	$	4,886	$	3,395	$	2,503	$	10,420	$	7,424	$	(2,905	)	$	(2,596	)
Denominator:
Weighted-average common shares outstanding, basic		30,826		22,445		30,521		22,510		30,825		22,454		30,541			22,544
Weighted-average effect of dilutive securities		1,171		—		169		—		1,072		—		—			—
Weighted-average common shares outstanding, diluted		31,997		22,445		30,690		22,510		31,897		22,454		30,541			22,544
Earnings (loss) per share - diluted	$	0.22	$	0.22	$	0.11	$	0.11	$	0.33	$	0.33	$	(0.10	)	$	(0.12	)

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, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Shares underlying stock options excluded		353		2,011		724		1,962
Performance stock grants excluded because performance conditions have not been met (1)		398		1,289		284		1,125

(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, 2021 and 2020. 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, 2021			June 30, 2020		June 30, 2021			June 30, 2020
CRD-A issued under the Non-Employee Director Stock Plan		(7	)		4		85			67
CRD-A issued under the U.K. ShareSave Scheme		64			—		65			1
CRD-A issued under the 2016 Omnibus Stock and Incentive Plan		(18	)		—		(18	)		—