Company: CRAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001053706-25-000014
Chunk: 25

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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ANCIAL STATEMENTS (continued)(Unaudited)

11.    Segment Reporting

CRA manages its business globally within one operating segment, professional and consulting services, in accordance with ASC Topic 280, Segment Reporting (“ASC 280”). The accounting policies of the professional and consulting services segment are the same as those described in Note 1 of our Annual Report on Form 10-K for the fiscal year ended December 28, 2024, filed with the SEC on February 20, 2025. The chief operating decision maker, which is our Chief Executive Officer, assesses performance for the professional and consulting services segment and decides how to allocate resources based on consolidated net income that is also reported in the condensed consolidated statements of operations as net income. The measure of segment assets is reported in the condensed consolidated balance sheets as total assets.The following table represents consolidated net income reported by segment revenue, segment profit or loss, and significant segment expenses (in thousands):Fiscal Quarter EndedMarch 29,2025March 30,2024Revenues$181,851 $171,789 Employee compensation and fringe benefit costs112,798 105,149 Forgivable loan amortization6,652 5,772 Client reimbursable expenses16,506 17,061 Other segment expense (1)21,250 24,795 Provision for income taxes6,643 5,321 Segment net income18,002 13,691 Reconciliation of profit or lossAdjustments and reconciling items— — Consolidated net income$18,002 $13,691 1 Other segment expenses included in segment net income includes, rent, commissions to non-employee experts, legal and professional services, software subscription and data services, travel and entertainment expenses, training and marketing expenses, other operating expenses, depreciation and amortization, interest expense, net, and foreign currency gains (losses), net.

12. Subsequent Events

On May 1, 2025, CRA announced that its Board of Directors declared a quarterly cash dividend of $0.49 per common share, payable on June 13, 2025 to shareholders of record as of May 27, 2025.

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ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Except for historical facts, the statements in this quarterly report are forward-looking statements. Forward-looking statements are merely our current predictions of future events. These statements are