Company: CRAI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001053706-25-000020
Chunk: 56

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 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 EndedFiscal Year-to-DatePeriod EndedJune 28,2025June 29,2024June 28,2025June 29,2024Revenues$186,878 $171,442 $368,729 $343,230 Employee compensation and fringe benefit costs110,860 106,270 223,657 211,417 Forgivable loan amortization7,428 11,985 14,080 17,757 Client reimbursable expenses19,615 16,361 36,121 33,423 Other segment expense (1)31,859 27,212 53,111 52,007 Provision for income taxes4,994 3,076 11,636 8,397 Segment net income12,122 6,538 30,124 20,229 Reconciliation of profit or lossAdjustments and reconciling items— — — — Consolidated net income$12,122 $6,538 $30,124 $20,229 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 July 31, 2025, CRA announced that its Board of Directors declared a quarterly cash dividend of $0.49 per common share, payable on September 12, 2025 to shareholders of record as of August 26, 2025.

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Table of Contents

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