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Net Income Per Share | 9 Months Ended
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Sep. 30, 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 September 30, 2023 and October 1, 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 September 30, 2023 and October 1, 2022. The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
|  | Fiscal Quarter Ended |  | Fiscal Year-to-Date Period Ended
|  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Numerator: |  |  |  |  |  |  |  |
Net income — basic |  | $ | 8,596 |  |  | $ | 11,877 |  |  | $ | 27,022 |  |  | $ | 34,946 |
Less: net income attributable to participating shares |  | 29 |  |  | 42 |  |  | 98 |  |  | 130 |
Net income — diluted |  | $ | 8,567 |  |  | $ | 11,835 |  |  | $ | 26,924 |  |  | $ | 34,816 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding — basic |  | 6,977 |  |  | 7,119 |  |  | $ | 7,026 |  |  | $ | 7,247 |
Effect of dilutive stock options and restricted stock units |  | 106 |  |  | 127 |  |  | 112 |  |  | 129 |
Weighted average shares outstanding — diluted |  | 7,083 |  |  | 7,246 |  |  | 7,138 |  |  | 7,376 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.22 |  |  | $ | 1.66 |  |  | $ | 3.83 |  |  | $ | 4.81 |
Diluted |  | $ | 1.21 |  |  | $ | 1.63 |  |  | $ | 3.78 |  |  | $ | 4.72 |
For the fiscal quarter and fiscal year-to-date period ended September 30, 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 6,185 and 5,875 shares, respectively. For the fiscal quarter and fiscal year-to-date period ended October 1, 2022, 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 997 and 249 shares, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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