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Net Income Per Share
 6 Months Ended
Jul. 01, 2023
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 and fiscal year-to-date periods ended July 1, 2023 and July 2, 2022.
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 and fiscal year-to-date periods ended July 1, 2023 and July 2, 2022.
The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
Fiscal Quarter EndedFiscal Year-to-Date
Period Ended
July 1,
2023		July 2,
2022		July 1,
2023		July 2,
2022
Numerator:
Net income — basic$9,508 $11,643 $18,426 $23,069 
Less: net income attributable to participating shares34 48 69 95 
Net income — diluted$9,474 $11,595 $18,357 $22,974 
Denominator:
Weighted average shares outstanding — basic6,983 7,263 $7,051 $7,311 
Effect of dilutive stock options and restricted stock units97 117 115 131 
Weighted average shares outstanding — diluted7,080 7,380 7,166 7,442 
Net income per share:
Basic$1.36 $1.60 $2.61 $3.15 
Diluted$1.34 $1.57 $2.56 $3.09 
For the fiscal quarter and fiscal year-to-date period ended July 1, 2023, 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 17,120 and 4,329 shares, respectively. There were no anti-dilutive share-based awards for the fiscal quarter and fiscal year-to-date period ended July 2, 2022.