XML 23 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data (Unaudited)  
Quarterly Financial Data (Unaudited)

19.   Quarterly Financial Data (Unaudited)

 
  Quarter Ended  
 
  April 2,
2011
(13 weeks)
  July 2,
2011
(13 weeks)
  October 1,
2011
(13 weeks)
  December 31,
2011
(13 weeks)
 
 
  (In thousands, except per share data)
 

Revenues

  $ 78,607   $ 80,641   $ 71,007   $ 74,973  

Gross profit

    27,047     26,910     24,436     27,452  

Income from operations

    7,920     6,970     6,214     7,960  

Income before provision for income taxes

    7,464     6,764     5,958     7,897  

Net income

    4,461     4,036     3,898     4,550  

Net (income) loss attributable to noncontrolling interest, net of tax

    (26 )   271     (238 )   (101 )

Net income attributable to CRA International, Inc. 

    4,435     4,307     3,660     4,449  

Basic net income per share

  $ 0.42   $ 0.40   $ 0.35   $ 0.43  

Diluted net income per share

  $ 0.41   $ 0.40   $ 0.34   $ 0.42  

Weighted average number of shares outstanding:

                         

Basic

    10,613     10,650     10,557     10,399  

Diluted

    10,798     10,820     10,701     10,636  

 

 
  Quarter Ended  
 
  February 19,
2010
(12 weeks)
  May 14,
2010
(12 weeks)
  September 3,
2010
(16 weeks)
  November 27,
2010
(12 weeks)
 
 
  (In thousands, except per share data)
 

Revenues

  $ 58,846   $ 68,075   $ 84,641   $ 75,862  

Gross profit

    18,392     18,020     29,781     24,091  

Income (loss) from operations

    1,340     (922 )   4,916     5,067  

Income (loss) before provision for income taxes

    535     (2,157 )   3,773     4,082  

Net income (loss)

    99     (1,580 )   2,027     1,414  

Net loss attributable to noncontrolling interest, net of tax

    167     57     44     358  

Net income (loss) attributable to CRA International, Inc. 

    266     (1,523 )   2,071     1,772  

Basic net income (loss) per share

  $ 0.02   $ (0.14 ) $ 0.19   $ 0.17  

Diluted net income (loss) per share

  $ 0.02   $ (0.14 ) $ 0.19   $ 0.17  

Weighted average number of shares outstanding:

                         

Basic

    10,654     10,713     10,650     10,556  

Diluted

    10,835     10,713     10,734     10,683  

        Earnings per share is calculated for each period, and the sum of the four quarters may not equal the full year amount.

        Prior to changing its fiscal year, the Company's fiscal year was typically based on 13 four-week billing cycles to clients and, consequently, CRA had established quarters that were divisible by four-week periods. As a result, the first, second, and fourth quarters of each fiscal year were generally 12-week periods, and the third quarter of each fiscal year was a 16-week period. Accordingly, period-to-period comparisons of CRA's results of operations are not necessarily meaningful if the periods being compared have different lengths.