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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 30, 2017
Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited) | 16. Quarterly Financial Data (Unaudited)
|  | Quarter Ended |
|  | April 1, 2017 |  | July 1, 2017 |  | September 30, 2017 |  | December 30, 2017 |
|  | (In thousands, except per share data) |
Revenues |  | $ | 88,171 |  | $ | 93,563 |  | $ | 91,325 |  | $ | 97,016 |
Income (loss) from operations |  |  | 4,911 |  |  | 5,848 |  |  | 5,647 |  |  | (642 | )
Income (loss) before provision for income taxes |  |  | 4,608 |  |  | 5,919 |  |  | 5,535 |  |  | (898 | )
Net income (loss) |  |  | 2,830 |  |  | 3,907 |  |  | 3,225 |  |  | (2,261 | )
Net (income) loss attributable to noncontrolling interest, net of tax |  |  | 23 |  |  | (94 | ) |  | (11 | ) |  | 5 |
Net income (loss) attributable to CRA International, Inc. |  | $ | 2,853 |  | $ | 3,813 |  | $ | 3,214 |  | $ | (2,256 | )
Basic net income (loss) per share |  | $ | 0.34 |  | $ | 0.45 |  | $ | 0.39 |  | $ | (0.27 | )
Diluted net income (loss) per share |  | $ | 0.33 |  | $ | 0.44 |  | $ | 0.38 |  | $ | (0.28 | )
Weighted average number of shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 8,419 |  |  | 8,428 |  |  | 8,149 |  |  | 8,171 |
Diluted |  |  | 8,621 |  |  | 8,618 |  |  | 8,353 |  |  | 8,171 |
|  | Quarter Ended |
|  | April 2, 2016 |  | July 2, 2016 |  | October 1, 2016 |  | December 31, 2016 |
|  | (In thousands, except per share data) |
Revenues |  | $ | 80,912 |  | $ | 82,607 |  | $ | 81,691 |  | $ | 79,569 |
Income from operations |  |  | 4,326 |  |  | 5,680 |  |  | 5,297 |  |  | 3,615 |
Income before provision for income taxes |  |  | 4,185 |  |  | 9,269 |  |  | 5,060 |  |  | 3,375 |
Net income |  |  | 2,239 |  |  | 6,767 |  |  | 3,151 |  |  | 2,076 |
Net (income) loss attributable to noncontrolling interest, net of tax |  |  | 184 |  |  | (1,552 | ) |  | 42 |  |  | (18 | )
Net income attributable to CRA International, Inc. |  | $ | 2,423 |  | $ | 5,215 |  | $ | 3,193 |  | $ | 2,058 |
Basic net income per share |  | $ | 0.27 |  | $ | 0.60 |  | $ | 0.39 |  | $ | 0.25 |
Diluted net income per share |  | $ | 0.27 |  | $ | 0.59 |  | $ | 0.38 |  | $ | 0.24 |
Weighted average number of shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 8,871 |  |  | 8,695 |  |  | 8,177 |  |  | 8,269 |
Diluted |  |  | 8,927 |  |  | 8,779 |  |  | 8,309 |  |  | 8,443 |
On November 20, 2017, CRA entered into a transaction agreement with IQVIA Inc where CRA, and certain former employees of IQVIA, agreed to certain terms and conditions relating to the former employees' employment agreements with IQVIA, and to settle certain claims among the parties to the agreement. CRA paid IQVIA an aggregate amount of $5.7 million as consideration under the transaction agreement. This amount has been reported as a component of selling, general and administrative expenses for fiscal 2017. Total net income (loss) per share was computed using the two-class method earnings allocation formula when there were earnings to distribute to participating securities in a given quarter. In the quarter above that includes a net loss for the quarter, the two-class method would not apply and the treasury stock method was utilized. As such, the aggregate net income (loss) per share for fiscal 2017 as a whole would not agree in the aggregate with the quarterly information presented above.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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