Company: CRAI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001053706-25-000029
Chunk: 17

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 6,547,188 and 6,768,575 shares issued and outstanding, respectively541 1,663 Retained earnings211,660 225,461 Accumulated other comprehensive loss(10,546)(15,051)Total shareholders’ equity201,655 212,073 Total liabilities and shareholders’ equity$629,041 $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 Year-to-Date Period EndedSeptember 27,2025September 28,2024OPERATING ACTIVITIES:Net income$41,597 $31,666 Adjustments to reconcile net income to net cash used in operating activities:Depreciation and amortization10,428 8,503 Right-of-use asset amortization11,643 11,309 Deferred income taxes(760)418 Share-based compensation expense3,931 3,760 Bad debt expense (recovery)718 587 Unrealized foreign currency remeasurement (gains) losses, net332 (152)Changes in operating assets and liabilities:Accounts receivable12,610 (9,018)Unbilled services(32,841)(23,303)Prepaid expenses and other current assets, and other assets1,632 (10,342)Forgivable loans(45,962)(13,958)Incentive cash awards payable8,872 7,262 Accounts payable, accrued expenses, and other liabilities(35,566)(24,174)Lease liabilities(14,229)(12,247)Net cash used in operating activities(37,595)(29,689)INVESTING ACTIVITIES:Purchases of property and equipment(2,813)(6,032)Consideration paid for acquisition— (1,500)Net cash used in investing activities(2,813)(7,532)FINANCING ACTIVITIES:Borrowings under revolving line of credit132,000 95,000 Repayments under revolving line of credit(37,000)(35,000)Tax withholding payments reimbursed by shares(2,862)(2,030)Cash dividends paid(10,098)(8,850)Repurchase of common stock(47,149)(33,348)Net cash provided by financing activities34,891