15. Quarterly Financial Data (Unaudited)


	Quarter Ended
	March 31,		June 30,		September 29,		December 29,
	2018		2018		2018		2018
	(In thousands, except per share data)
Revenues	$	99,476	$	105,538	$	103,871	$	108,763
Income from operations		6,204		9,661		5,225		7,845
Income before provision for income taxes		5,926		9,737		4,939		8,331
Net income		4,886		6,839		3,908		6,839
Net loss attributable to noncontrolling interest, net of tax		—		—		—		20
Net income attributable to CRA International, Inc.	$	4,886	$	6,839	$	3,908	$	6,859
Basic net income per share	$	0.59	$	0.84	$	0.48	$	0.85
Diluted net income per share	$	0.57	$	0.79	$	0.46	$	0.81


	Quarter Ended
	April 1,		July 1,		September 30,		December 30,
	2017		2017		2017		2017 (1) (2)
	(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)

(1)

On November 20, 2017, CRA entered into a transaction agreement with IQVIA 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.

(2)

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.