Company: CRAI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001053706-25-000029
Chunk: 26

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 for which the full principal and interest were not forgiven or not collected upon termination of employment or affiliation with CRA. The forgiveness of the principal amount of the loans is recorded as compensation over the service period, which is consistent with the term of the loans. The following table presents forgivable loan activity for the respective periods (in thousands):September 27,2025December 28,2024Beginning balance$55,492 $53,941 Advances70,338 45,494 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