Company: CRAI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001053706-25-000007
Chunk: 102

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 102
---
,915 7,582 Total current liabilities251,309 236,087 Non-current liabilities:Deferred compensation and other non-current liabilities22,329 11,681 Non-current portion of lease liabilities84,541 92,280 Deferred income taxes1,187 1,062 Total non-current liabilities108,057 105,023 Commitments and contingencies (Note 16)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; 6,768,575 and 6,934,265 shares issued and outstanding, respectively1,663 — Retained earnings225,461 224,283 Accumulated other comprehensive loss(15,051)(12,182)Total shareholders’ equity212,073 212,101 Total liabilities and shareholders’ equity$571,439 $553,211 

See accompanying notes to the consolidated financial statements.

FS-6

CRA INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year EndedYear EndedYear EndedDecember 28,2024 (52 weeks)December 30,2023 (52 weeks)December 31,2022 (52 weeks)(in thousands)OPERATING ACTIVITIES:Net income$46,653 $38,481 $43,619 Adjustments to reconcile net income to net cash provided by operating activities, net of effect of acquired businesses:Depreciation and amortization11,677 11,564 11,996 Right-of-use asset amortization15,147 14,273 13,755 Deferred income taxes(2,865)(4,634)189 Share-based compensation expense5,291 4,400 4,773 Bad debt expense (recovery)534 533 (345)Unrealized foreign currency remeasurement (gains) losses, net(468)61 122 Changes in operating assets and liabilities:Accounts receivable(21,400)2,210 (24,929)Unbilled services(797)(5,070)(5,382)Prepaid expenses and other current assets, and other assets(10,360)1,210 (485)Forgivable loans(11,770)2,678 (10,539)Incentive cash awards payable9