Company: CRAI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001053706-25-000029
Chunk: 52

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 Repayments(1,933)(2,761)Reclassifications from accrued expenses or to other assets (1)(333)(9,989)Amortization (2)(22,605)(31,055)Effects of foreign currency translation387 (138)Ending balance$101,346 $55,492 Current portion of forgivable loans$20,881 $6,535 Non-current portion of forgivable loans$80,465 $48,957 _______________________________(1)Relates to the reclassification of performance awards previously recorded as accrued expenses or forgivable loans that have been reclassified to other receivables.

(2)During the fiscal year-to-date period ended September 27, 2025 and fiscal year ended December 28, 2024, approximately $1.1 million and $5.7 million, respectively, of amortization was accelerated due to terminations. 

4. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the fiscal year-to-date period ended September 27, 2025 are summarized as follows (in thousands):

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

Goodwill, at December 28, 2024$165,630 Accumulated goodwill impairment(71,893)Goodwill, net at December 28, 202493,737 Foreign currency translation adjustment897 Goodwill, net at September 27, 2025$94,634 Goodwill, net at September 27, 2025 is comprised of goodwill of $166.5 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during the fiscal year-to-date period ended September 27, 2025 or during the fiscal year ended December 28, 2024. Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized using the straight-line method over their expected useful lives. There were no impairment losses related to intangible assets during the fiscal-year-to-date period ended September 27, 2025 or during the fiscal year ended December 28, 2024. The components of acquired identifiable intangible assets are as follows (in thousands):September 27, 2025December 28, 2024Useful Life(in years)Gross Carrying AmountAccumulated Amort