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Net Income Per Share | 3 Months Ended
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Apr. 03, 2021
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share CRA calculates basic earnings per share using the two-class method. CRA calculates diluted earnings per share using the more dilutive of either the two-class method or treasury stock method. The two-class method was more dilutive for the fiscal quarters ended April 3, 2021 and March 28, 2020. Under the two-class method, net earnings are allocated to each class of common stock and participating security as if all the net earnings for the period had been distributed. CRA's participating securities consist of unvested share-based payment awards that contain a nonforfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common shareholders. Net earnings allocable to these participating securities were not material for the fiscal quarters ended April 3, 2021 and March 28, 2020. The following table presents a reconciliation from net income to the net income available to common shareholders (in thousands):
|  | Fiscal Quarter Ended |  |
|  | April 3, 2021 |  | March 28, 2020 |  |  |  |
Net income, as reported |  | $ | 10,501 |  |  | $ | 6,468 |  |  |  |  |
Less: net income attributable to participating shares |  | 46 |  |  | 26 |  |  |  |  |
Net income available to common shareholders |  | $ | 10,455 |  |  | $ | 6,442 |  |  |  |  |
The following table presents a reconciliation of basic to diluted weighted average shares of common stock outstanding (in thousands):
|  | Fiscal Quarter Ended |  |
|  | April 3, 2021 |  | March 28, 2020 |  |  |  |
Basic weighted average shares outstanding |  | 7,626 |  |  | 7,805 |  |  |  |  |
Dilutive stock options and restricted stock units |  | 205 |  |  | 232 |  |  |  |  |
Diluted weighted average shares outstanding |  | 7,831 |  |  | 8,037 |  |  |  |  |
For the fiscal quarters ended April 3, 2021 and March 28, 2020, the anti-dilutive share-based awards that were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding amounted to 13,826 and 73,647 shares, respectively. These share-based awards each period were anti-dilutive because their exercise price exceeded the average market price over the respective period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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