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Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events  
Subsequent Events

 

19. Subsequent Events

        On April 26, 2018, CRA's Board of Directors declared a quarterly cash dividend of $0.17 per share of CRA's common stock, payable on June 15, 2018 to shareholders of record as of May 29, 2018.

        During the month of April 2018, CRA made borrowings of $13.0 million in the U.S. and £5.0 million in the U.K. on its existing revolving line of credit to fund operations. These borrowings are expected to be repaid over the next twelve months in accordance with the terms of the agreement.

        During the month of April 2018, CRA repurchased and retired 215,585 shares under its share repurchase program at an average price per share of $55.99. As of May 8, 2018, there was approximately $9.1 million available for future repurchases under this program.