Company: CRAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001053706-25-000014
Chunk: 14

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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851 3,565 Deferred income taxes(1,025)(157)Share-based compensation expense1,390 1,039 Bad debt expense (recovery)433 663 Unrealized foreign currency remeasurement (gains) losses, net52 (208)Changes in operating assets and liabilities:Accounts receivable22,456 2,529 Unbilled services(25,202)(13,623)Prepaid expenses and other current assets, and other assets294 (2,552)Forgivable loans(20,219)523 Incentive cash awards payable2,834 2,383 Accounts payable, accrued expenses, and other liabilities(81,579)(69,302)Lease liabilities(4,692)(4,423)Net cash used in operating activities(79,994)(63,080)INVESTING ACTIVITIES:Purchases of property and equipment(974)(730)Net cash used in investing activities(974)(730)FINANCING ACTIVITIES:Borrowings under revolving line of credit90,000 70,000 Repayments under revolving line of credit(5,000)— Tax withholding payments reimbursed by shares(2,454)(1,631)Cash dividends paid(3,488)(3,075)Repurchase of common stock— (9,242)Net cash provided by financing activities79,058 56,052 Effect of foreign exchange rates on cash and cash equivalents797 (706)Net decrease in cash and cash equivalents(1,113)(8,464)Cash and cash equivalents at beginning of period26,711 45,586 Cash and cash equivalents at end of period$25,598 $37,122 Noncash investing and financing activities:Increase (decrease) in accounts payable and accrued expenses for property and equipment$(596)$454 Excise tax on share repurchases$39 $(65)Right-of-use assets obtained in exchange for lease obligations$701 $1,955 Supplemental cash flow information:Cash paid for taxes$3,181 $1,534 Cash paid for interest$131 $91 Cash paid for amounts included in operating lease liabilities$5,714 $5,569 

See accompanying notes to the condensed consolidated financial statements.

6

CRA INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY

FOR THE FISCAL QUARTER