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Net Income Per Share
 3 Months Ended
Apr. 02, 2022
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 2, 2022 and April 3, 2021.
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 2, 2022 and April 3, 2021.
The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
Fiscal Quarter Ended
April 2,
2022		April 3,
2021
Numerator:
Net income — basic$11,426 $10,501 
Less: net income attributable to participating shares48 46 
Net income — diluted$11,378 $10,455 
Denominator:
Weighted average shares outstanding — basic7,360 7,626 
Effect of dilutive stock options and restricted stock units143 205 
Weighted average shares outstanding — diluted7,503 7,831 
Net income per share:
Basic$1.55 $1.37 
Diluted$1.52 $1.34 
Certain share-based awards were anti-dilutive because their exercise price exceeded the average market price over the respective period. The following table presents 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 (in thousands):
Fiscal Quarter Ended
April 2,
2022		April 3,
2021
Anti-dilutive share-based awards excluded— 14