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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2012	Aug. 03, 2012
Document and Entity Information
Entity Registrant Name	CRA INTERNATIONAL, INC.
Entity Central Index Key	0001053706
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,272,797
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended	7 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Revenues	$ 67,813	$ 80,641	$ 136,945	$ 159,248
Costs of services	45,448	53,731	91,935	105,291
Gross profit	22,365	26,910	45,010	53,957
Selling, general and administrative expenses	16,924	18,688	34,791	36,516
Depreciation and amortization	2,633	1,252	4,105	2,551
Income from operations	2,808	6,970	6,114	14,890
Interest income	64	79	130	161
Interest expense	(79)	(328)	(159)	(720)
Other income (expense), net	(98)	43	(137)	(103)
Income before provision for income taxes	2,695	6,764	5,948	14,228
Provision for income taxes	(1,922)	(2,728)	(4,739)	(5,731)
Net income	773	4,036	1,209	8,497
Net (income) loss attributable to noncontrolling interest, net of tax	(54)	271	29	245
Net income attributable to CRA International, Inc.	$ 719	$ 4,307	$ 1,238	$ 8,742
Net income per share attributable to CRA International, Inc:
Basic (in dollars per share)	$ 0.07	$ 0.40	$ 0.12	$ 0.82
Diluted (in dollars per share)	$ 0.07	$ 0.40	$ 0.12	$ 0.81
Weighted average number of shares outstanding:
Basic (in shares)	10,242	10,650	10,279	10,632
Diluted (in shares)	10,381	10,820	10,439	10,810

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	7 Months Ended
	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Net income	$ 773	$ 4,036	$ 1,209	$ 8,497
Other comprehensive income (loss):
Foreign currency translation adjustments	(1,410)	68	307	2,165
Comprehensive income (loss)	(637)	4,104	1,516	10,662
Less: comprehensive (income) loss attributable to noncontrolling interest	(54)	271	29	245
Comprehensive income (loss) attributable to CRA International, Inc.	$ (691)	$ 4,375	$ 1,545	$ 10,907

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 36,788	$ 61,587
Short-term investments	4,995	14,495
Accounts receivable, net of allowances of $12,145 at June 30, 2012 and $6,548 at December 31, 2011	54,891	68,394
Unbilled services	33,234	16,326
Prepaid expenses and other assets	14,554	8,224
Deferred income taxes	20,733	20,898
Total current assets	165,195	189,924
Property and equipment, net	19,574	21,611
Goodwill	141,031	140,654
Intangible assets, net of accumulated amortization of $6,711 at June 30, 2012 and $6,806 at December 31, 2011	2,140	2,472
Deferred income taxes, net of current portion	103	105
Other assets	13,852	17,341
Total assets	341,895	372,107
Current liabilities:
Accounts payable	10,356	10,469
Accrued expenses	34,611	60,502
Deferred revenue and other liabilities	6,193	7,707
Current portion of deferred rent	4,372	2,870
Current portion of notes payable	660	650
Current portion of deferred compensation	2,609	75
Total current liabilities	58,801	82,273
Notes payable, net of current portion	1,664	1,631
Deferred rent and other non-current liabilities	6,026	9,423
Deferred compensation		1,714
Deferred income taxes, net of current portion	8,760	8,659
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value; 1,000,000 shares authorized; none issued and outstanding
Common stock, no par value; 25,000,000 shares authorized; 10,194,302 and 10,329,051 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	95,299	98,578
Receivables from shareholders	(236)	(236)
Retained earnings	176,838	175,600
Accumulated other comprehensive loss	(6,031)	(6,338)
Total CRA International, Inc. shareholders' equity	265,870	267,604
Noncontrolling interest	774	803
Total shareholders' equity	266,644	268,407
Total liabilities and shareholders' equity	$ 341,895	$ 372,107

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Condensed Consolidated Balance Sheets
Accounts receivable, allowances (in dollars)	$ 12,145	$ 6,548
Intangible assets, accumulated amortization (in dollars)	$ 6,711	$ 6,806
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	10,194,302	10,329,051
Common stock, shares outstanding	10,194,302	10,329,051

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended	7 Months Ended
	Jun. 30, 2012	Jul. 02, 2011
Operating activities:
Net income	$ 1,209	$ 8,497
Adjustments to reconcile net income to net cash used in operating activities, net of effect of acquired businesses:
Depreciation and amortization	2,821	2,673
Loss on disposal of property and equipment	1,160
Deferred rent	(1,920)	(1,699)
Deferred income taxes	266	(3,415)
Share-based compensation expenses	2,479	3,197
Excess tax benefits from share-based compensation	(38)	(50)
Noncash interest from discount on convertible debentures		229
Changes in operating assets and liabilities:
Accounts receivable	13,673	(3,252)
Unbilled services	(16,948)	(10,005)
Prepaid expenses and other assets	(2,847)	(5,581)
Accounts payable, accrued expenses, and other liabilities	(26,862)	1,992
Net cash used in operating activities	(27,007)	(7,414)
Investing activities:
Consideration relating to acquisitions, net		(844)
Purchase of property and equipment	(1,504)	(4,514)
Purchase of investments	(9,494)	(31,543)
Sale of investments	18,994	17,059
Collections on notes receivable	14	64
Net cash provided by (used in) investing activities	8,010	(19,778)
Financing activities:
Issuance of common stock, principally stock option exercises	575	620
Payments on notes payable		(370)
Extinguishment of convertible debentures		(21,880)
Tax withholding payment reimbursed by restricted shares	(732)	(705)
Excess tax benefits from share-based compensation	38	50
Repurchase of common stock	(5,620)	(1,368)
Repurchase of treasury stock by NeuCo, Inc.		(33)
Net cash used in financing activities	(5,739)	(23,686)
Effect of foreign exchange rates on cash and cash equivalents	(63)	534
Net decrease in cash and cash equivalents	(24,799)	(50,344)
Cash and cash equivalents at beginning of period	61,587	87,505
Cash and cash equivalents at end of period	36,788	37,161
Supplemental cash flow information:
Cash paid for income taxes	8,686	7,028
Cash paid for interest	$ 111	$ 393

Condensed Consolidated Statement of Shareholders' Equity - 6 months ended Jun. 30, 2012 - USD ($) $ in Thousands	Total	CRA International, Inc. Shareholders' Equity	Common Stock	Receivable from Shareholder	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
BALANCE at Dec. 31, 2011	$ 268,407	$ 267,604	$ 98,578	$ (236)	$ 175,600	$ (6,338)	$ 803
BALANCE (in shares) at Dec. 31, 2011	10,329,051		10,329,051
Increase (Decrease) in Shareholders' Equity
Net income (loss)	$ 1,209	1,238			1,238		(29)
Foreign currency translation adjustment	307	307				307
Other comprehensive income (loss), net of tax	1,516	1,545			1,238	307	(29)
Exercise of stock options	575	575	$ 575
Exercise of stock options (in shares)			41,845
Share-based compensation expense for employees	2,477	2,477	$ 2,477
Restricted share vesting			$ 0
Restricted share vesting (in shares)			107,727
Redemption of vested employee restricted shares for tax withholding	(732)	(732)	$ (732)
Redemption of vested employee restricted shares for tax withholding (in shares)			(31,736)
Tax benefit on stock options and restricted shares vesting	19	19	$ 19
Shares repurchased	$ (5,620)	(5,620)	$ (5,620)
Shares repurchased (in shares)	(252,585)		(252,585)
Share-based compensation expense for non-employees	$ 2	2	$ 2
BALANCE at Jun. 30, 2012	$ 266,644	$ 265,870	$ 95,299	$ (236)	$ 176,838	$ (6,031)	$ 774
BALANCE (in shares) at Jun. 30, 2012	10,194,302		10,194,302

Description of Business

6 Months Ended

Jun. 30, 2012

Description of Business

Description of Business

1. Description of Business

CRA International, Inc. (the "Company," or "CRA") is a worldwide leading consulting services firm that applies advanced analytic techniques and in-depth industry knowledge to complex engagements for a broad range of clients. CRA offers its services in two broad areas: litigation, regulatory and financial consulting and management consulting. CRA operates in one business segment, which is consulting services. CRA operates its business under its registered trade name, Charles River Associates.

Unaudited Interim Condensed Consolidated Financial Statements and Estimates

6 Months Ended

Jun. 30, 2012

Unaudited Interim Condensed Consolidated Financial Statements and Estimates

Unaudited Interim Condensed Consolidated Financial Statements and Estimates

2. Unaudited Interim Condensed Consolidated Financial Statements and Estimates

The following financial statements included in this report are unaudited: the condensed consolidated income statements for the fiscal quarters and year to date periods ended June 30, 2012 and July 2, 2011, the condensed consolidated statements of comprehensive income (loss) for the fiscal quarters and year-to-date periods ended June 30, 2012 and July 2, 2011, the condensed consolidated balance sheet as of June 30, 2012, the condensed consolidated statements of cash flows for the year-to-date periods ended June 30, 2012 and July 2, 2011, and the condensed consolidated statement of shareholders' equity for the year-to-date period ended June 30, 2012. In the opinion of management, these statements include all adjustments necessary for a fair presentation of CRA's consolidated financial position, results of operations, and cash flows. The condensed consolidated balance sheet as of December 31, 2011 included in this report was derived from audited consolidated financial statements included in the Company's Annual Report on Form 10-K that was filed on March 2, 2012.

The preparation of financial statements in conformity with generally accepted accounting principles in the U.S. ("U.S. GAAP") requires management to make significant estimates and judgments that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates in these consolidated financial statements include, but are not limited to, accounts receivable allowances, revenue recognition on fixed price contracts, depreciation of property and equipment, share-based compensation, valuation of acquired intangible assets, impairment of long lived assets, goodwill, accrued and deferred income taxes, valuation allowances on deferred tax assets, accrued compensation, accrued exit costs, and other accrued expenses. These items are monitored and analyzed by the Company for changes in facts and circumstances, and material changes in these estimates could occur in the future. Changes in estimates are recorded in the period in which they become known. CRA bases its estimates on historical experience and various other assumptions that CRA believes to be reasonable under the circumstances. Actual results may differ from those estimates if CRA's assumptions based on past experience or other assumptions do not turn out to be substantially accurate.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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Principles of Consolidation

6 Months Ended

Jun. 30, 2012

Principles of Consolidation

Principles of Consolidation

3. Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. In addition, the consolidated financial statements include the Company's interest in NeuCo, Inc. ("NeuCo"). All significant intercompany accounts have been eliminated.

CRA's ownership interest in NeuCo constitutes control under U.S. GAAP. Therefore, NeuCo's financial results have been consolidated with CRA and the portion of NeuCo's results allocable to its other owners is shown as "noncontrolling interest."

NeuCo's interim reporting schedule is based on calendar month-ends, but its fiscal year end is the last Saturday of November. CRA's quarterly results could include a few days reporting lag between CRA's quarter end and the most recent financial statements available from NeuCo. CRA does not believe that the reporting lag will have a significant impact on CRA's consolidated income statements or financial condition.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Number 94-6
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Recent Accounting Standards

6 Months Ended

Jun. 30, 2012

Recent Accounting Standards

Recent Accounting Standards

4. Recent Accounting Standards

Intangibles

In July 2012, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment ("ASU 2012-02") to simplify the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Under former guidance, an organization was required to test an indefinite-lived intangible asset for impairment on at least an annual basis by comparing the fair value of the asset with its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeded its fair value, an impairment loss was recognized in an amount equal to the difference. ASU 2012-02 allows an organization the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is "more likely than not" that the asset is impaired. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012 and early adoption is permitted. The Company believes the adoption of ASU 2012-02 will have no impact on its financial position, results of operations, cash flows, or disclosures.

Goodwill

In September 2011, the FASB issued ASU No. 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment ("ASU 2011-08"). The objective of ASU 2011-08 is to simplify how entities test goodwill for impairment. The amendments in ASU 2011-08 permit an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in Topic 350. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. ASU 2011-08 was effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company's adoption of ASU 2011-08 in the first quarter of fiscal 2012 had no impact on its financial position, results of operations, cash flows, or disclosures.

Comprehensive Income

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income ("ASU 2011-05"). The objective of ASU 2011-05 is to increase the prominence of items reported in other comprehensive income. The main provisions of ASU 2011-05 provide that an entity that reports items of other comprehensive income has the option to present comprehensive income in either one or two consecutive financial statements. ASU 2011-05 was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and should be applied retrospectively. The Company adopted ASU 2011-05 in the first quarter of fiscal 2012 and elected to present other comprehensive income in two consecutive financial statements. The Company's adoption of ASU 2011-05 had no impact on its financial position, results of operations, or cash flows.

Fair Value Measurements

In May 2011, the FASB issued ASU No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs ("ASU 2011-04"). ASU 2011-04 does not require additional fair value measurements and is primarily a convergence of words between U.S. GAAP and IFRS. ASU 2011-04 was effective for the first interim or annual reporting period beginning on or after December 15, 2011. The Company's adoption of ASU 2011-04 in the first quarter of fiscal 2012 had no impact on its financial position, results of operations, cash flows, or disclosures.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Cash, Cash Equivalents, and Short-Term Investments

6 Months Ended

Jun. 30, 2012

Cash, Cash Equivalents, and Short-Term Investments

Cash, Cash Equivalents, and Short-Term Investments

5. Cash, Cash Equivalents, and Short-Term Investments

Cash equivalents consist principally of commercial paper, funds holding only U.S. government obligations, and money market funds, with maturities of three months or less when purchased. As of June 30, 2012, a portion of the Company's cash accounts was concentrated at a single financial institution, which potentially exposes the Company to credit risks. The financial institution has generally "stable" credit ratings and its short-term credit rating is A-1 by Standard & Poor's ratings services. The Company has not experienced any losses related to such accounts and does not believe that there is significant risk of non-performance by the financial institution. The Company's cash on deposit at this financial institution is fully liquid, and the Company continually monitors the credit ratings of the institution and limits the amount of cash it maintains at this institution.

Short-term investments generally consist of commercial paper and have maturities of more than three months and less than one year when purchased. These short-term investments are expected to be held-to-maturity and are classified as such in the accompanying condensed consolidated financial statements.

The carrying amounts of the Company's instruments classified as cash equivalents and short-term investments are stated at amortized cost, which approximates fair value because of their short-term maturity. As of June 30, 2012 and December 31, 2011, short-term investments included $5.0 million and $14.5 million in commercial paper, respectively, and are considered Level 2 inputs within the fair value hierarchy.

If a decline in fair value below the amortized cost basis of an investment is judged to be other-than-temporary, the cost basis of the investment is written down to fair value. For those investments for which the fair value of the investment is less than its amortized cost, the credit-related portion of other-than-temporary impairment losses is recognized in earnings while the noncredit-related portion is recognized in other comprehensive income, net of related taxes. The Company does not intend to sell such investments, if any, and it is more likely than not that it will not be required to sell such investments prior to the recovery of their amortized cost basis less any current period credit losses. During the second quarter and the fiscal year to date period ended June 30, 2012, the Company did not write-down any investment balances.

Revenue Recognition

6 Months Ended

Jun. 30, 2012

Revenue Recognition

Revenue Recognition

6. Revenue Recognition

CRA derives substantially all of its revenues from the performance of professional services. The contracts that CRA enters into and operates under specify whether the engagement will be billed on a time-and-materials or a fixed-price basis. Most of CRA's revenue is derived from time-and-materials service contracts. Revenues from time-and-materials service contracts are recognized as services are provided based upon hours worked and contractually agreed-upon hourly rates, as well as indirect fees based upon hours worked. Revenues from a majority of the Company's fixed-price engagements are recognized on a proportional performance method based on the ratio of costs incurred, substantially all of which are labor-related, to the total estimated project costs. Revenues also include reimbursements of reimbursable expenses, which include travel and other out-of-pocket expenses, outside consultants, and other reimbursable expenses. Reimbursable expenses are as follows (in thousands):

	Quarter Ended				Fiscal Year to Date Period Ended

	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Reimbursable expenses	$	8,817	$	11,224	$	17,114	$	21,600

Goodwill

6 Months Ended

Jun. 30, 2012

Goodwill

Goodwill

7. Goodwill

In accordance with ASC Topic 350, "Intangibles—Goodwill and Other," goodwill is not subject to amortization, but is monitored at least annually for impairment, or more frequently, as necessary, if events or circumstances exist that would more likely than not reduce the fair value of the reporting unit below its carrying amount. For the Company's goodwill impairment analysis, the Company operates under one reporting unit. The Company completed the annual impairment test required as of fiscal 2011 and determined that there was no impairment. At the time of the annual test, the entity-wide estimated fair value exceeded the net book value by approximately 25%.

Although late in the second quarter of fiscal 2012 the Company's stock price experienced a significant decline, the Company did not record any impairment losses related to goodwill or intangible assets during the fiscal year to date period ended June 30, 2012 as there were no events or circumstances that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The Company continues to monitor its market capitalization and other potential indicators of impairment. If the Company's market capitalization, plus an estimated control premium, is below its carrying value for a significant duration, or if events or circumstances exist that would more likely than not reduce the fair value of the reporting unit below its carrying amount, the Company may be required to record an impairment of goodwill in the third quarter of fiscal 2012, the fourth quarter of fiscal 2012 when the Company conducts its annual impairment test, or in future quarters. A non-cash goodwill impairment charge would have the effect of decreasing the Company's earnings in any such period. If the Company is required to take a substantial impairment charge, its operating results would be materially adversely affected in any such period.

The changes in the carrying amount of goodwill for the fiscal year to date period ended June 30, 2012 are as follows (in thousands):


Balance at December 31, 2011	$	140,654
Effect of foreign currency translation adjustments		377

Balance at June 30, 2012	$	141,031

Senior Loan Agreement

6 Months Ended

Jun. 30, 2012

Senior Loan Agreement

Senior Loan Agreement

8. Senior Loan Agreement

The Company is party to a senior loan agreement with RBS Citizens, N.A for a $60.0 million revolving line of credit that provides CRA with the additional flexibility to meet any unforeseen financial requirements. The amount available under this revolving line of credit is reduced by certain letters of credit outstanding, which amounted to $0.7 million as of June 30, 2012. There was no amount outstanding under this revolving line of credit as of June 30, 2012.

Under the senior loan agreement, the Company must comply with various financial and non-financial covenants. As of June 30, 2012, the Company was in compliance with the covenants of its senior loan agreement.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Net Income per Share

6 Months Ended

Jun. 30, 2012

Net Income per Share

Net Income per Share

9. Net Income per Share

Basic net income per share represents net income divided by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share represents net income divided by the weighted average number of shares of common stock and common stock equivalents, if applicable, outstanding during the period. Common stock equivalents arise from stock options and unvested shares of restricted stock, using the treasury stock method. Under the treasury stock method, the amount the Company would receive upon exercise of stock options and the vesting of restricted stock, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in common stock when the stock options or restricted stock becomes deductible are assumed to be used to repurchase shares at the average share price over the applicable fiscal period. A reconciliation of basic to diluted weighted average shares of common stock outstanding is as follows (in thousands):

	Quarter Ended				Fiscal Year to Date Period Ended

	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Basic weighted average shares outstanding		10,242		10,650		10,279		10,632
Common stock equivalents:
Stock options and restricted shares		139		170		160		178

Diluted weighted average shares outstanding		10,381		10,820		10,439		10,810

For the second quarter and fiscal year to date period ended June 30, 2012, certain share-based awards, which amounted to 1,190,676 and 1,214,086 shares, respectively, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. For the second quarter and fiscal year to date period ended July 2, 2011, certain share-based awards, which amounted to 977,434 and 1,001,316 shares, respectively, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. These share-based awards were anti-dilutive because their exercise price exceeded the average market price for the respective period.

On August 30, 2011, the Company announced that its Board of Directors approved a share repurchase program of up to $7.5 million of the Company's common stock. On February 22, 2012, the Board of Directors authorized the repurchase of up to an additional $4.45 million of the Company's common stock under this program. During the second quarter of fiscal 2012, the Company repurchased 129,785 shares under this program at an average price per share of $19.83. During the fiscal year to date period ended June 30, 2012, the Company repurchased 252,585 shares under this program at an average price per share of $22.28. As of June 30, 2012, $2.1 million was available for future repurchases under this program.

Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes

Income Taxes

10. Income Taxes

The Company's effective income tax rates were 71.3% and 40.3% for the second quarter of fiscal 2012 and fiscal 2011, respectively. The Company's effective income tax rates were 79.7% and 40.3% for the fiscal year to date period ended June 30, 2012 and July 2, 2011, respectively. The effective tax rate in the second quarter of fiscal 2012 and the fiscal year to date period ended June 30, 2012 was higher than the statutory rate primarily due to losses in foreign locations that provided no tax benefit. The effective tax rate in the second quarter of fiscal 2011 and the fiscal year to date period ended July 2, 2011 was consistent with the Company's combined federal and state statutory tax rate.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Accrued Expenses

6 Months Ended

Jun. 30, 2012

Accrued Expenses

Accrued Expenses

11. Accrued Expenses

Accrued expenses consist of the following (in thousands):

	June 30, 2012		December 31, 2011

Compensation and related expenses	$	28,395	$	53,438
Income taxes payable		951		2,602
Other		5,265		4,462

Total	$	34,611	$	60,502

Restructuring Charges

6 Months Ended

Jun. 30, 2012

Restructuring Charges

Restructuring Charges

12. Restructuring Charges

During the second quarter of fiscal 2012, the Company entered into an agreement with the landlord of its London, England office to surrender the lease of one of the three floors it leased in the office building in London. Under this agreement, the Company surrendered its lease of this floor on June 30, 2012, instead of on the lease's original termination date of October 2, 2016, and paid the landlord approximately $1.2 million in connection with the surrender. In connection with this surrender, the Company incurred pre-tax restructuring charges of $1.7 million in the second quarter of fiscal 2012, which included the surrender charge, approximately $1.1 million of fixed asset write-offs and other charges or offsets. Additionally, during the second quarter of fiscal 2012, the Company recorded a pre-tax restructuring credit of $0.4 million related to adjustments to its leased office space in Houston, TX for the reoccupation of a portion of that office space. Of the $1.4 million of restructuring charges recorded during the second quarter of fiscal 2012, approximately $0.2 million was charged to selling, general and administrative expenses and $1.1 million was charged to depreciation and amortization expense.

The restructuring expenses for the fiscal year to date period ended June 30, 2012, and the reserve balance as of June 30, 2012, were as follows (in thousands):

	Office Vacancies

Balance at December 31, 2011	$	3,737
Charges incurred in the fiscal year to date period ended June 30, 2012		1,916
Amounts paid, net of amounts received, during the fiscal year to date period ended June 30, 2012		(2,185	)
Non-cash adjustments during the fiscal year to date period ended June 30, 2012		(560	)

Balance at June 30, 2012	$	2,908

On the accompanying balance sheet as of June 30, 2012, the reserve balance of $2.9 million was classified as follows: $1.6 million in "deferred rent and other non-current liabilities" and $1.3 million in "current portion of deferred rent".

During the second quarter of fiscal 2011, the Company incurred pre-tax expenses of $1.0 million associated principally with leased office space at its Houston, TX office, which was closed during the second quarter of fiscal 2010. The Company recorded this expense in the second quarter of 2011 in selling, general and administrative expenses for a change in the estimate of the future minimum lease payments and related exit costs through the end of the remaining lease term, net of expected future sublease rental income measured at fair value. This estimated expense required management to make assumptions regarding the estimate of the duration of future vacancy periods, the amount and timing of future settlement payments, and the amount and timing of potential sublease income.

The restructuring expenses for the fiscal year to date period ended July 2, 2011 and the reserve balance as of July 2, 2011 were as follows (in thousands):

	Office Vacancies			Employee Workforce Reduction			Total Restructuring

Balance at January 1, 2011	$	4,476		$	951		$	5,427
Charges incurred in the fiscal year to date period ended July 2, 2011		1,020			—			1,020
Amounts paid, net of amounts received, during the fiscal year to date period ended July 2, 2011		(1,251	)		(608	)		(1,859	)
Non-cash adjustments and effect of foreign currency translation during the fiscal year to date period ended July 2, 2011		(37	)		(294	)		(331	)

Balance at July 2, 2011	$	4,208		$	49		$	4,257

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Compensation Arrangements

6 Months Ended

Jun. 30, 2012

Compensation Arrangements

Compensation Arrangements

13. Compensation Arrangements

In connection with a previous acquisition, CRA has agreed to pay an award to certain employees of the acquired business if they achieve specific performance targets through fiscal 2012. Retention of amounts paid to the individual employees is contingent on their continued employment with CRA through 2016. As of June 30, 2012, based upon performance to date and expected performance for the remainder of fiscal 2012, the amount of the award is estimated to be approximately $9.6 million and is being expensed over the seven and a half year service period ending in December 2016. The amount of the award could fluctuate depending on future performance during fiscal 2012. Any payments under this award would be made in the first quarter of fiscal 2013. Changes in the estimated award are expensed prospectively over the remaining service period. The Company expensed $0.4 million and $0.5 million for this award during the second quarters of fiscal 2012 and fiscal 2011, respectively and $0.8 million during each of the fiscal year to date periods ended June 30, 2012 and July 2, 2011.

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

+ References + Details

Subsequent Events

6 Months Ended

Jun. 30, 2012

Subsequent Events

Subsequent Events

14. Subsequent Events

Forgivable Loans

In order to attract and retain highly skilled professionals, the Company may issue forgivable loans to employees and non-employee experts. The majority of these loans are unsecured with terms of generally three to five years. The principal amount and accrued interest is forgiven by the Company over the term of the loans, so long as the employee or non-employee expert continues employment or affiliation with the Company and complies with certain contractual requirements. The expense associated with the forgiveness of the principal amount of the loans is recorded as compensation expense over the service period, which is consistent with the term of the loans. At June 30, 2012, the Company committed to issue approximately $7.1 million in forgivable loans to employees and non-employee experts for future service. The Company expects that these loans will be issued, and the corresponding payments will be made, in the third quarter of fiscal 2012.

Restructuring Actions

On July 22, 2012, the Company's management committed to a plan to eliminate and restructure selected practice areas, better align staffing levels with its revenue, and reduce selling, general and administrative costs. In connection with this plan, the Company is eliminating its Chemicals practice and is closing its Middle East operations. These restructuring actions, along with the repositioning of other select underperforming practice areas in connection with this restructuring plan, will result in the reduction of approximately 55 consulting positions. Commensurate with these consulting staff reductions, the Company is also taking significant actions to lower its selling, general and administrative costs by reducing the Company's administrative staff, eliminating excess office space capacity, better rationalizing remaining office space, and lowering administrative spending, particularly related to outside contractors and professional fees. These restructuring actions are designed to intensify the focus of the Company's portfolio, increase the cohesiveness of its services and improve its margins and profitability. The Company has begun these actions and expects that a majority of them will be completed during the third and fourth quarters of fiscal 2012. The Company expects to record a restructuring charge in the approximate range of $3.5 million to $4.5 million in the third quarter of fiscal 2012 related to termination benefits, facility-related charges, asset write-downs and other potential charges.

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2012

Revenue Recognition

Schedule of reimbursable expenses included in revenues

	Quarter Ended				Fiscal Year to Date Period Ended

	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Reimbursable expenses	$	8,817	$	11,224	$	17,114	$	21,600

Goodwill (Tables)

6 Months Ended

Jun. 30, 2012

Goodwill

Schedule of changes in the carrying amount of goodwill


Balance at December 31, 2011	$	140,654
Effect of foreign currency translation adjustments		377

Balance at June 30, 2012	$	141,031

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2012

Net Income per Share

Schedule of reconciliation of basic to diluted weighted average shares of common stock outstanding

	Quarter Ended				Fiscal Year to Date Period Ended

	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Basic weighted average shares outstanding		10,242		10,650		10,279		10,632
Common stock equivalents:
Stock options and restricted shares		139		170		160		178

Diluted weighted average shares outstanding		10,381		10,820		10,439		10,810

Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2012

Accrued Expenses

Schedule of accrued expenses

	June 30, 2012		December 31, 2011

Compensation and related expenses	$	28,395	$	53,438
Income taxes payable		951		2,602
Other		5,265		4,462

Total	$	34,611	$	60,502

Restructuring Charges (Tables)

6 Months Ended

Jun. 30, 2012

Restructuring Charges

Schedule of restructuring expenses and the reserve balance

The restructuring expenses for the fiscal year to date period ended June 30, 2012, and the reserve balance as of June 30, 2012, were as follows (in thousands):

	Office Vacancies

Balance at December 31, 2011	$	3,737
Charges incurred in the fiscal year to date period ended June 30, 2012		1,916
Amounts paid, net of amounts received, during the fiscal year to date period ended June 30, 2012		(2,185	)
Non-cash adjustments during the fiscal year to date period ended June 30, 2012		(560	)

Balance at June 30, 2012	$	2,908

The restructuring expenses for the fiscal year to date period ended July 2, 2011 and the reserve balance as of July 2, 2011 were as follows (in thousands):

	Office Vacancies			Employee Workforce Reduction			Total Restructuring

Balance at January 1, 2011	$	4,476		$	951		$	5,427
Charges incurred in the fiscal year to date period ended July 2, 2011		1,020			—			1,020
Amounts paid, net of amounts received, during the fiscal year to date period ended July 2, 2011		(1,251	)		(608	)		(1,859	)
Non-cash adjustments and effect of foreign currency translation during the fiscal year to date period ended July 2, 2011		(37	)		(294	)		(331	)

Balance at July 2, 2011	$	4,208		$	49		$	4,257

Description of Business (Details)	6 Months Ended
Description of Business (Details)	Jun. 30, 2012 service segment
Description of Business
Number of broad areas of services \| service	2
Number of business segments \| segment	1

Cash, Cash Equivalents, and Short-Term Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Cash, Cash Equivalents, and Short-Term Investments
Short-term investments	$ 4,995	$ 14,495
Commercial paper \| Level 2 inputs
Cash, Cash Equivalents, and Short-Term Investments
Short-term investments	$ 5,000	$ 14,500

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	7 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Revenue Recognition
Reimbursable expenses	$ 8,817	$ 11,224	$ 17,114	$ 21,600

Goodwill (Details) $ in Thousands	6 Months Ended
Goodwill (Details) $ in Thousands	Jun. 30, 2012 USD ($) segment
Goodwill
Number of reporting units \| segment	1
Percentage by which entity-wide estimated fair value exceeded the net book value	25.00%
Changes in the carrying amount of goodwill
Balance at the beginning of the period	$ 140,654
Effect of foreign currency translation adjustments	377
Balance at the end of the period	$ 141,031

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Senior Loan Agreement (Details) - USD ($) $ in Millions	Jun. 30, 2012	Jul. 02, 2011
Revolving line of credit
Senior Loan Agreement
Revolving line of credit, maximum capacity	$ 60.0
Letters of credit
Senior Loan Agreement
Amounts outstanding under letters of credit		$ 0.7

Net Income per Share (Details) - shares	3 Months Ended		6 Months Ended	7 Months Ended
Net Income per Share (Details) - shares	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Reconciliation of basic to diluted weighted average shares of common stock outstanding
Basic weighted average shares outstanding	10,242,000	10,650,000	10,279,000	10,632,000
Common stock equivalents:
Stock options and restricted shares	139,000	170,000	160,000	178,000
Diluted weighted average shares outstanding	10,381,000	10,820,000	10,439,000	10,810,000
Calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding
Anti-dilutive shares	1,190,676	977,434	1,214,086	1,001,316

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Net Income per Share (Details 2) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Aug. 31, 2011	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2012	Feb. 22, 2012
Share Repurchase Program
Share repurchase program	$ 7,500
Additional shares authorized to be repurchased, amount					$ 4,450
Number of shares repurchased		129,785	252,585
Average repurchase price per share (in dollars per share)			$ 22.28	$ 19.83
Amount available for future repurchases under share repurchase programs			$ 2,100

Income Taxes (Details)	3 Months Ended		6 Months Ended	7 Months Ended
Income Taxes (Details)	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Income Taxes
Effective income tax rate (as a percent)	71.30%	40.30%	79.70%	40.30%

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Accrued Expenses
Compensation and related expenses	$ 28,395	$ 53,438
Income taxes payable	951	2,602
Other	5,265	4,462
Total	$ 34,611	$ 60,502

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

Restructuring Charges (Details) $ in Thousands	3 Months Ended	6 Months Ended	7 Months Ended
Restructuring Charges (Details) $ in Thousands	Jun. 30, 2012 USD ($) floor	Jun. 30, 2012 USD ($) floor	Jul. 02, 2011 USD ($)
Restructuring expenses and the reserve balance
Balance at the beginning of the period			$ 5,427
Charges incurred			1,020
Amounts paid			(1,859)
Non-cash adjustments and effect of foreign currency translation			(331)
Balance at the end of the period			4,257
Office Vacancies
Restructuring Charges
Pre-tax restructuring credit related to adjustments of leased office space in Houston, TX	$ 400
Restructuring expenses and the reserve balance
Balance at the beginning of the period		$ 3,737	4,476
Charges incurred		1,916	1,020
Amounts paid		(2,185)	(1,251)
Non-cash adjustments and effect of foreign currency translation		(560)	(37)
Balance at the end of the period	2,908	2,908	4,208
Office Vacancies \| Deferred rent and other non-current liabilities
Restructuring expenses and the reserve balance
Balance at the end of the period	1,600	1,600
Office Vacancies \| Current portion of deferred rent
Restructuring expenses and the reserve balance
Balance at the end of the period	$ 1,300	$ 1,300
Agreement to surrender the lease of a floor in the office building in London
Restructuring Charges
Number of floors under lease surrendered \| floor	1
Number of floors under lease \| floor	3	3
Amount paid for lease surrender	$ 1,200
Restructuring charges related to fixed asset write-offs and other charges or offsets	1,100
Restructuring expenses and the reserve balance
Charges incurred	1,700
Amounts paid	(1,400)
Agreement to surrender the lease of a floor in the office building in London \| Depreciation and amortization expense
Restructuring expenses and the reserve balance
Amounts paid	(1,100)
Agreement to surrender the lease of a floor in the office building in London \| Selling, general and administrative expenses
Restructuring expenses and the reserve balance
Amounts paid	$ (200)
Employee Workforce Reduction
Restructuring expenses and the reserve balance
Balance at the beginning of the period			951
Amounts paid			(608)
Non-cash adjustments and effect of foreign currency translation			(294)
Balance at the end of the period			$ 49

Compensation Arrangements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	7 Months Ended
Compensation Arrangements (Details) - USD ($) $ in Millions	Jun. 30, 2012	Jul. 02, 2011	Jun. 30, 2012	Jul. 02, 2011
Compensation Arrangements
Estimated compensation to be paid to employees of acquired entity based upon their performance	$ 9.6		$ 9.6
Period over which, estimated compensation is paid to employees of the acquired entity based upon their performance			7 years 6 months
Compensation arrangements, expenses during the period	$ 0.4	$ 0.5	$ 0.8	$ 0.8

Subsequent Events (Details) - Subsequent event $ in Millions	1 Months Ended	6 Months Ended
	Jul. 31, 2012 USD ($) consultants	Jun. 30, 2012 USD ($)
Subsequent Events
Amount committed to issue in forgivable loans		$ 7.1
Minimum
Subsequent Events
Term of forgivable loans		3 years
Maximum
Subsequent Events
Term of forgivable loans		5 years
Restructuring Plan, July 2012
Restructuring Actions
Expected reduction in consulting positions (# of consultants) \| consultants	55
Restructuring Plan, July 2012 \| Minimum
Restructuring Actions
Expected restructuring charges	$ 3.5
Restructuring Plan, July 2012 \| Maximum
Restructuring Actions
Expected restructuring charges	$ 4.5