Net Income Per Share

9 Months Ended

Oct. 03, 2026

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 and fiscal year-to-date periods ended October 3, 2026 and September 27, 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 and fiscal year-to-date periods ended October 3, 2026 and September 27, 2025.

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
	October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Numerator:
Net income — basic	$	13,906	$	11,473	$	38,546	$	41,597
Less: net income attributable to participating shares	15		20		55		80
Net income — diluted	$	13,891	$	11,453	$	38,491	$	41,517
Denominator:
Weighted average shares outstanding — basic	6,262		6,556		6,374		6,675
Effect of dilutive stock options and restricted stock units	65		65		67		70
Weighted average shares outstanding — diluted	6,327		6,621		6,441		6,745
Net income per share:
Basic	$	2.21	$	1.74	$	6.04	$	6.22
Diluted	$	2.20	$	1.73	$	5.98	$	6.16

Anti-dilutive share-based awards are excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding. For the fiscal quarter and fiscal year-to-date period ended October 3, 2026, 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 6,562 and 4,181 shares, respectively. There were no anti-dilutive share-based awards for the fiscal quarter period ended September 27, 2025. For the fiscal year-to-date period ended September 27, 2025, 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 1,283 shares.