Company: CRAI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001053706-25-000020
Chunk: 28

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 security as if all the net earnings for the period had been distributed. CRA's participating securities consist of unvested share-based payment awards that contain a nonforfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common shareholders. Net earnings allocable to these participating securities were not material for the fiscal quarters and fiscal year-to-date periods ended June 28, 2025 and June 29, 2024.The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):Fiscal Quarter EndedFiscal Year-to-DatePeriod EndedJune 28,2025June 29,2024June 28,2025June 29,2024Numerator:Net income — basic$12,122 $6,538 $30,124 $20,229 Less: net income attributable to participating shares23 22 61 68 Net income — diluted$12,099 $6,516 $30,063 $20,161 Denominator:Weighted average shares outstanding — basic6,694 6,834 $6,734 $6,880 Effect of dilutive stock options and restricted stock units59 77 73 81 Weighted average shares outstanding — diluted6,753 6,911 6,807 6,961 Net income per share:Basic$1.81 $0.96 $4.47 $2.93 Diluted$1.79 $0.94 $4.42 $2.90 

For the fiscal quarter and fiscal year-to-date period ended June 28, 2025, the anti-dilutive share-based awards that were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding amounted to 5,229 and 1,283 shares, respectively. There were no anti-dilutive share-based awards for the fiscal quarter and fiscal year-to-date period ended June 29, 2024. 

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

8. Fair Value of Financial Instruments

As of June 28, 2025 and December 28, 2024, CRA did not have any financial instruments measured at fair value on a recurring basis. CRA had no contingent consideration obligations during the fiscal quarter and fiscal year