Company: CRAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001053706-25-000014
Chunk: 13

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Total current assets278,120 269,363 Property and equipment, net42,785 45,205 Goodwill, net94,139 93,737 Intangible assets, net6,834 7,216 Right-of-use assets78,653 81,157 Deferred income taxes17,736 16,648 Forgivable loans, net of current portion64,339 48,957 Other assets7,836 9,156 Total assets$590,442 $571,439 LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Accounts payable$19,703 $28,155 Accrued expenses134,439 181,413 Deferred revenue and other liabilities10,379 14,130 Current portion of lease liabilities18,986 18,696 Current portion of deferred compensation1,996 8,915 Revolving line of credit85,000 — Total current liabilities270,503 251,309 Non-current liabilities:Deferred compensation and other non-current liabilities10,440 22,329 Non-current portion of lease liabilities80,954 84,541 Deferred income taxes1,226 1,187 Total non-current liabilities92,620 108,057 Commitments and contingencies (Note 10)Shareholders’ equity:Preferred stock, no par value; 1,000,000 shares authorized; none issued and outstanding— — Common stock, no par value; 25,000,000 shares authorized; 6,789,893 and 6,768,575 shares issued and outstanding, respectively599 1,663 Retained earnings240,028 225,461 Accumulated other comprehensive loss(13,308)(15,051)Total shareholders’ equity227,319 212,073 Total liabilities and shareholders’ equity$590,442 $571,439 

See accompanying notes to the condensed consolidated financial statements.

5

CRA INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

(in thousands)

Fiscal Quarter EndedMarch 29,2025March 30,2024OPERATING ACTIVITIES:Net income$18,002 $13,691 Adjustments to reconcile net income to net cash used in operating activities:Depreciation and amortization3,411 2,792 Right-of-use asset amortization3,