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Income Taxes
 12 Months Ended
Dec. 28, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of income before provision for income taxes are as follows (in thousands):
Year EndedYear EndedYear Ended
December 28,
2024
(52 weeks)
December 30,
2023
(52 weeks)
December 31,
2022
(52 weeks)
Income before provision for income taxes:
U.S.$51,549 $41,238 $45,387 
Foreign14,693 11,050 13,413 
Total$66,242 $52,288 $58,800 
The provision (benefit) for income taxes consists of the following (in thousands):
Year EndedYear EndedYear Ended
December 28,
2024
(52 weeks)
December 30,
2023
(52 weeks)
December 31,
2022
(52 weeks)
Currently payable:
Federal$12,747 $11,544 $8,805 
Foreign3,959 2,796 2,956 
State5,748 4,101 3,231 
Total current expense22,454 18,441 14,992 
Deferred:
Federal(2,295)(2,963)(21)
Foreign146 (1,041)114 
State(716)(630)96 
Total deferred expense (benefit)(2,865)(4,634)189 
Total tax expense$19,589 $13,807 $15,181 
A reconciliation of CRA's tax rates with the federal statutory rate is as follows:
Fiscal YearFiscal YearFiscal Year
202420232022
Federal statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal income tax benefit6.0 5.0 5.2 
Foreign Rate Differential1.2 0.6 (0.4)
Share-based compensation(0.8)(1.1)(2.4)
Meals & Entertainment Expense0.8 0.9 0.3 
Executive Compensation1.5 1.7 1.6 
Valuation Allowance— (1.5)0.7 
Other(0.1)(0.2)(0.2)
Annual effective tax rate29.6 %26.4 %25.8 %
The components of CRA's deferred tax assets and liabilities are as follows (in thousands):
December 28,
2024		December 30,
2023
Deferred tax assets:
Accrued compensation and related expense$20,679 $18,211 
Allowance for doubtful accounts2,324 2,100 
Net operating loss carryforwards693 883 
Lease liabilities26,627 27,791 
Foreign exchange and other540 19 
Total gross deferred tax assets50,863 49,004 
Less: valuation allowance(2)(6)
Total deferred tax assets, net of valuation allowance50,861 48,998 
Deferred tax liabilities:
Goodwill and other intangible asset amortization6,109 5,599 
Right-of-Use assets21,311 22,472 
Property and equipment6,912 6,761 
Prepaids and other1,068 1,343 
Total deferred tax liabilities35,400 36,175 
Net deferred tax assets$15,461 $12,823 

At December 28, 2024, CRA had U.S. local and foreign net operating loss carryforwards of $2.0 million, a decrease of $0.6 million from the prior fiscal year-end, with lives ranging from 20 years to indefinite. The change in the total valuation allowance for the current fiscal year was immaterial.
The aggregate changes in the balances of gross unrecognized tax benefits were as follows (in thousands):
Fiscal YearFiscal Year
20242023
Balance at beginning of period$— $35 
Additions for tax positions taken during prior years276 
Additions for tax positions taken during the current year459 — 
Reductions as a result of a lapse of the applicable statutes of limitations— (35)
Balance at end of the period$735 $— 
CRA files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. CRA adjusts its unrecognized tax benefits and the associated interest in light of changing facts and circumstances. A number of years may elapse before an uncertain tax position is audited and finally resolved. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, CRA believes that its unrecognized tax benefits reflect the most likely outcome. At the end of fiscal 2024, accrued interest for uncertain tax positions was immaterial. CRA's total unrecognized tax benefit at the end of fiscal 2024 is $0.7 million. Settlement of any particular position could require the use of cash. Of the total $0.7 million balance at the end of fiscal 2024, a favorable resolution would result in $0.2 million being recognized as a reduction to the effective income tax rate in the period of resolution. There are no unrecognized tax benefits expected to reverse in the next twelve months.

The number of years with open tax audits varies depending on the tax jurisdiction. CRA's major taxing jurisdiction is the United States where CRA is no longer subject to U.S. federal examinations by the Internal Revenue Service for years before fiscal 2021. Within the significant states where CRA is subject to income tax, CRA is no longer subject to examinations by state taxing authorities before fiscal 2020. CRA's United Kingdom ("U.K.") subsidiary's corporate tax returns are no longer subject to examination by His Majesty's Revenue and Customs for years before fiscal 2023.

If amounts are repatriated from certain of our foreign subsidiaries, CRA could be subject to deferred taxes that are a consequence of foreign exchange translation from earnings that are no longer considered permanently reinvested. CRA considers all other undistributed earnings to be indefinitely reinvested. Foreign withholding taxes, estimated to be $0.5 million, have not been recorded for these foreign subsidiaries.