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 the treasury stock method. The two-class method was more dilutive for the fiscal quarters ended April 4, 2026 and March 29, 2025.

Under the two-class method, net earnings are allocated to each class of common stock and participating security as if all 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 4, 2026 and March 29, 2025.

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):


	Fiscal Quarter Ended
	April 4, 2026		March 29, 2025
Numerator:
Net income — basic	$	11,132	$	18,002
Less: net income attributable to participating shares	17		47
Net income — diluted	$	11,115	$	17,955
Denominator:
Weighted average shares outstanding — basic	6,512		6,775
Effect of dilutive stock options and restricted stock units	76		87
Weighted average shares outstanding — diluted	6,588		6,862
Net income per share:
Basic	$	1.71	$	2.65
Diluted	$	1.69	$	2.62