| 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:
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Three Months Ended June 30, 2026 |
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Six Months Ended June 30, 2026 |
|
(in thousands) |
|
Foreign
currency
translation
adjustments |
|
|
Retirement
liabilities (1) |
|
|
AOCL
attributable
to shareholders
of Crawford &
Company |
|
|
Foreign
currency
translation
adjustments |
|
|
Retirement
liabilities (1) |
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|
AOCL
attributable
to shareholders
of Crawford &
Company |
|
Beginning balance |
|
$ |
(38,257 |
) |
|
$ |
(155,359 |
) |
|
$ |
(193,616 |
) |
|
$ |
(43,925 |
) |
|
$ |
(157,815 |
) |
|
$ |
(201,740 |
) |
Other comprehensive (loss) income before reclassifications |
|
|
(8 |
) |
|
|
— |
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|
|
(8 |
) |
|
|
5,660 |
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|
|
— |
|
|
|
5,660 |
|
Amounts reclassified from accumulated other comprehensive income to net income |
|
|
— |
|
|
|
2,445 |
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|
|
2,445 |
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|
|
— |
|
|
|
4,901 |
|
|
|
4,901 |
|
Net current period other comprehensive (loss) income |
|
|
(8 |
) |
|
|
2,445 |
|
|
|
2,437 |
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|
|
5,660 |
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|
4,901 |
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|
10,561 |
|
Ending balance |
|
$ |
(38,265 |
) |
|
$ |
(152,914 |
) |
|
$ |
(191,179 |
) |
|
$ |
(38,265 |
) |
|
$ |
(152,914 |
) |
|
$ |
(191,179 |
) |
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|
Three Months Ended June 30, 2025 |
|
|
Six Months Ended June 30, 2025 |
|
(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 |
|
$ |
(53,829 |
) |
|
$ |
(164,559 |
) |
|
$ |
(218,388 |
) |
|
$ |
(50,079 |
) |
|
$ |
(167,046 |
) |
|
$ |
(217,125 |
) |
Other comprehensive income before reclassifications |
|
|
7,082 |
|
|
|
— |
|
|
|
7,082 |
|
|
|
3,332 |
|
|
|
— |
|
|
|
3,332 |
|
Amounts reclassified from accumulated other comprehensive income to net income |
|
|
— |
|
|
|
2,534 |
|
|
|
2,534 |
|
|
|
— |
|
|
|
5,021 |
|
|
|
5,021 |
|
Net current period other comprehensive income |
|
|
7,082 |
|
|
|
2,534 |
|
|
|
9,616 |
|
|
|
3,332 |
|
|
|
5,021 |
|
|
|
8,353 |
|
Ending balance |
|
$ |
(46,747 |
) |
|
$ |
(162,025 |
) |
|
$ |
(208,772 |
) |
|
$ |
(46,747 |
) |
|
$ |
(162,025 |
) |
|
$ |
(208,772 |
) |
(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 7, "Defined Benefit Pension Plans" for additional details.
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