Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 137

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 137
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 its undistributed earnings or other outside basis differences of its remaining foreign subsidiaries. Excluding the operations that are not permanently reinvested, no additional income or withholding taxes have been provided for indefinitely reinvested undistributed foreign earnings, other than those previously taxed nor have any taxes been provided for outside basis difference inherent in these entities as these amounts continue to be indefinitely reinvested in foreign operations. The Company has estimated that it has book over tax basis differences of approximately $111,081,000. Due to withholding tax, basis computations, and other related tax considerations, it is not practicable to estimate any taxes to be provided on outside basis differences at this time. Deferred income taxes consisted of the following at December 31, 2024 and 2023: 

        2024

        2023

        (In thousands)

        Accounts receivable allowance
         
        $
        2,286

        $
        2,957

        Accrued compensation

        14,013

        14,412

        Accrued pension liabilities

        3,314

        3,685

        Self-insured risks

        5,551

        4,513

        Deferred revenues

        4,684

        5,602

        Interest

        3,223

        2,987

        Tax credit carryforwards

        2,654

        2,152

        Loss carryforwards

        33,315

        32,304

        Lease liability

        23,418

        26,361

        Other

        1,986

        337

        Gross deferred income tax assets

        94,444

        95,310

        Unbilled revenues

        5,265

        5,596

        Repatriated earnings

        1,152

        1,249

        Depreciation and amortization

        12,901

        15,129

        Lease right-of-use asset

        20,054

        22,612

        Gross deferred income tax liabilities

        39,372

        44,586

        Net deferred income tax assets before valuation allowances

        55,072

        50,724

        Valuation allowance

        (35,310
        )

        (29,644
        )

        Net deferred income tax assets