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Commitments and Contingencies
6 Months Ended
Jul. 01, 2017
Commitments and Contingencies  
Commitments and Contingencies

16. Commitments and Contingencies

        On April 21, 2017, CRA entered into the first amendment of the New York, New York lease for an additional 16,587 square feet of office space. The lease for the additional space commenced on April 15, 2017 and will expire on April 30, 2028. The amendment also extends the term of the previously leased space of 25,261 square feet of the same office building to the same date. The annual base rent for the additional space will be approximately $1.2 million per year subject to an increase of approximately 8% after five years. The amendment includes a base rent abatement of approximately $1.2 million as well as a tenant improvement allowance of approximately $1.4 million.

        On May 8, 2017, CRA entered into the first amendment of the Chicago, Illinois lease to extend the term of the leased space of 41,642 square feet, for an additional ten years ending on July 31, 2028. Beginning on August 1, 2018, the annual base rent will be approximately $1.1 million per year, subject to annual increases of approximately 2.5% per year. The amendment includes a base rent abatement of approximately $0.9 million, as well as a tenant improvement allowance of approximately $2.3 million.

        CRA is subject to legal actions arising in the ordinary course of business. In management's opinion, CRA believes it has adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions. CRA does not believe any settlement or judgment relating to any pending legal action would materially affect its financial position or results of operations.