Quarterly Financial Data (Unaudited)

12 Months Ended

Jan. 03, 2015

Unaudited Interim Condensed Consolidated Financial Statements and Estimates

Quarterly Financial Data (Unaudited)

17.   Quarterly Financial Data (Unaudited)

	Quarter Ended
	March 29, 2014		June 28, 2014		September 27, 2014		January 3, 2015
	(In thousands, except per share data)
Revenues	$	76,245	$	78,184	$	73,483	$	78,459
Gross profit		24,379		25,515		24,066		25,598
Income from operations		5,629		6,493		5,795		6,124
Income before provision for income taxes		5,384		6,334		5,575		6,022
Net income		3,308		3,167		3,189		3,743
Net loss attributable to noncontrolling interest, net of tax		102		21		35		73
Net income attributable to CRA International, Inc.	$	3,410	$	3,188	$	3,224		3,816
Basic net income per share	$	0.34	$	0.32	$	0.33	$	0.41
Diluted net income per share	$	0.34	$	0.32	$	0.33	$	0.40
Weighted average number of shares outstanding:
Basic		10,029		9,919		9,729		9,344
Diluted		10,108		10,026		9,919		9,560

	Quarter Ended
	March 30, 2013		June 29, 2013		September 28, 2013			December 28, 2013
	(In thousands, except per share data)
Revenues	$	63,130	$	65,203	$	74,427		$	75,672
Gross profit		21,115		20,161		23,850			24,044
Income (loss) from operations		3,774		3,170		6,114			5,459
Income (loss) before (provision) benefit for income taxes		3,377		3,368		5,952			5,221
Net income (loss)		2,835		1,351		3,333			3,716
Net (income) loss attributable to noncontrolling interest, net of tax		134		58		(63	)		6
Net income (loss) attributable to CRA International, Inc.		2,969		1,409		3,270			3,722
Basic net income (loss) per share	$	0.30	$	0.14	$	0.32		$	0.37
Diluted net income (loss) per share	$	0.29	$	0.14	$	0.32		$	0.37
Weighted average number of shares outstanding:
Basic		9,994		10,100		10,093			10,071
Diluted		10,084		10,188		10,192			10,148

        Earnings per share is calculated for each period, and the sum of the four quarters may not equal the full year amount.

        During the second quarter of fiscal 2014, CRA identified a prior period error, which was related to the valuation of deferred tax assets in CRA's previously issued consolidated financial statements, and recorded a non-cash tax expense of approximately $0.8 million to correct this error. CRA concluded that this error was not material to its prior reporting periods.