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.