Company: CRAI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001053706-25-000020
Chunk: 20

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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)— (3,075)BALANCE AT MARCH 30, 20246,889,298 $— $225,077 $(13,287)$211,790 Net income— — 6,538 — 6,538 Foreign currency translation adjustment— — — (315)(315)Share-based compensation expense— 1,357 — — 1,357 Restricted shares vesting6,143 — — — — Redemption of vested employee restricted shares for tax withholding(2,340)(346)— — (346)Shares repurchased(140,497)(1,011)(23,095)— (24,106)Accrued excise tax on shares repurchased— — (235)— (235)Accrued dividends on unvested shares— — (33)— (33)Cash dividends paid ($0.42 per share)— — (2,901)— (2,901)BALANCE AT JUNE 29, 20246,752,604 $— $205,351 $(13,602)$191,749 

See accompanying notes to the condensed consolidated financial statements.

8

Table of ContentsCRA INTERNATIONAL, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

1. Summary of Significant Accounting Policies

Description of BusinessCRA International, Inc. and its wholly-owned subsidiaries (collectively, "CRA" or the "Company") is a worldwide leading consulting services firm that applies advanced analytic techniques and in-depth industry knowledge to complex engagements for a broad range of clients. CRA offers services in two broad areas: litigation, regulatory, and financial consulting and management consulting. CRA operates in one business segment. CRA operates its business under its registered trade name, Charles River Associates.Basis of PresentationThe unaudited condensed consolidated financial statements include the accounts of CRA which require consolidation, after the elimination of intercompany accounts and transactions. These financial statements have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form 10-Q. Accordingly, these financial statements do not include all the information and note disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for annual financial statements. In the opinion of management, these financial statements reflect all adjustments of a normal, recurring nature necessary for