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Subsequent Events | 12 Months Ended
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Jan. 01, 2022
Subsequent Events [Abstract] |
Subsequent Events | Subsequent EventsOn February 28, 2022, CRA acquired substantially all of the business assets and assumed certain liabilities of Welch Consulting, Ltd. (“Welch Consulting”), a Texas limited partnership. The acquisition was paid for with cash to Welch Consulting. In addition, CRA will provide deferred compensation to key employees, which will be treated as post-transaction compensation expense. Welch Consulting provides economic, business, and strategic consulting services principally involving labor and employment issues. The acquisition expands CRA’s business opportunities, expertise, and market presence with the addition of 45 colleagues and offices in Bryan, Texas; Los Angeles, California; and Washington, D.C. A non-employee expert of CRA served as an agent and attorney-in-fact on behalf of Welch Consulting. The non-employee expert did not and will not receive compensation or a portion of the purchase price as part of the transaction. The acquisition will be accounted for as a business combination, and the results of operations will be included in CRA’s consolidated financial statements from the date of the acquisition. As the transaction recently closed, information necessary to complete the purchase accounting is not yet available. On February 7, 2022, CRA's Board of Directors authorized the repurchase of an additional $20.0 million of shares of CRA's common stock under its existing share repurchase program. On March 3, 2022, CRA announced that its Board of Directors declared a quarterly cash dividend of $0.31 per common share, payable on March 25, 2022 to shareholders of record as of March 15, 2022.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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