Wednesday, December 22, 2010

Charles River Associates (CRA) Announces Change to Fiscal Year End

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing management, economic and financial consulting services, today announced that its Board of Directors has approved a change in the Company’s fiscal year end from the last Saturday in November to the Saturday nearest December 31 of each year. The Company noted that the change in fiscal year-end is intended to improve comparability with industry peers on both a quarterly and annual basis, align CRA’s reporting cycle with a more traditional fiscal calendar and provide for more consistent quarter-to-quarter comparisons.

Under its new reporting schedule, CRA will predominantly have four 13-week quarters beginning in fiscal 2011, compared with its prior schedule of reporting a 12-week performance for the first, second and fourth quarters, and a 16-week performance for the third quarter.

The new reporting schedule will become effective with CRA’s 2011 fiscal year, which will begin January 2, 2011 and end December 31, 2011. As a result of the change, the Company will report a five-week transition period consisting of November 28, 2010 to January 1, 2011.

CRA expects to announce its results for the fourth quarter of fiscal 2010 ending November 27, 2010 in its normal reporting schedule in mid-January 2011. The Company expects to announce the results of its five-week transition period during the first quarter of 2011.

Listed below is the Company’s reporting calendar through fiscal 2011:

Reporting Period

Closing Date

Q4 2010 November 27, 2010
Five-Week 2010 Transition Period

January 1, 2011
Q1 2011

April 2, 2011
Q2 2011

July 2, 2011
Q3 2011

October 1, 2011
Q4 2011

December 31, 2011

About Charles River Associates (CRA)

Charles River Associates® is a global consulting firm specializing in litigation, regulatory, and financial consulting, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout North America, Europe, the Middle East, and Asia. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at

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