CRA INTERNATIONAL, INC. 10-K

Item 5 —Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities Market Information. We first offered our common stock to the public on April 23, 1998. Our common stock is traded on the NASDAQ Global Select Market under the symbol CRAI. Shareholders. We had approximately 78 holders of record of our common stock as of February 26, 2021. This number does not include shareholders for whom shares were held in a "nominee" or "street" name. Repurchases of Equity Securities. The following table provides information about our repurchases of shares of our common stock during the fiscal quarter ended January 2, 2021. During that period, we did not act in concert with any affiliate or any other person to acquire any of our common stock and, accordingly, we do not believe that purchases by any such affiliate or other person (if any) are reportable in the following table. For purposes of this table, we have divided the fiscal quarter into three periods of four weeks, four weeks and six weeks, respectively, to coincide with our reporting periods during the fourth quarter of fiscal 2020. Issuer Purchases of Equity Securities Period (a) Total Number of Shares Purchased(1) (b) Average Price Paid per Share(1) (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs(2) September 27, 2020 to October 24, 2020 — $ — — $ 14,699,626 October 25, 2020 to November 21, 2020 4,057 $ 44.46 — $ 14,699,626 November 22, 2020 to January 2, 2021 96,870 $ 50.16 91,075 $ 10,132,825 _________________________ (1) During the four weeks ended November 21, 2020, we accepted 4,057 shares of our common stock as a tax withholding from certain of our employees, in connection with the vesting of restricted stock units that occurred during the period, pursuant to the terms of our 2006 equity incentive plan, at the average price per share of $44.46. During the five weeks ended January 2, 2021, we accepted 5,795 shares of our common stock as a tax withholding from certain of our employees, in connection with the vesting of restricted stock units that occurred during the period, pursuant to the terms of our 2006 equity incentive plan, at the average price per share of $50.36. (2) On each of February 4, 2021 and February 7, 2020 our Board of Directors authorized an expansion to our existing share repurchase program of an additional $40.0 million and $20.0 million, respectively, of outstanding shares of our common stock. We may repurchase shares under this program in open market purchases (including through any Rule 10b5-1 plan adopted by us) or in privately negotiated transactions in accordance with applicable insider trading and other securities laws and regulations. Approximately $10.1 million and $42.1 million was available for future repurchases under this program as of January 2, 2021 and February 26, 2021 respectively. We expect to continue to repurchase shares under this program. Shareholder Return Performance Graph. (1) The graph below compares the cumulative 5-year total return of holders of our common stock with the cumulative total returns of the NASDAQ Composite index and a customized peer group of three companies consisting of Exponent Inc., FTI Consulting Inc. and Huron Consulting Group Inc. The graph tracks the performance of a $100 investment in our common stock, in the peer group, and in a market index (with the reinvestment of all dividends) from January 2, 2016 to January 2, 2021. We initiated a quarterly dividend in the fourth quarter of fiscal 2016 and continued to pay quarterly dividends throughout fiscal 2020. Although we anticipate paying regular quarterly dividends on our common stock for the foreseeable future, the declaration of any future dividends is subject to the 21 Table of Contents discretion of our Board of Directors. The performance of the market index and the peer group indices is shown on a total return (dividends reinvested) basis. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among CRA International, Inc., the NASDAQ Composite Index, and a Peer Group _______________________________________ * $100 invested on 1/2/16 in stock or 12/31/15 in index, including reinvestment of dividends. Indexes calculated on month-end basis. 1/2/16 12/31/16 12/30/17 12/29/18 12/28/19 1/2/21 CRA International, Inc . 100.00 197.13 245.89 226.89 302.53 293.92 NASDAQ Composite 100.00 108.87 141.13 137.12 187.44 271.64 Peer Group 100.00 112.78 112.50 158.71 241.91 266.29 _______________________________________ (1) This performance graph shall not be deemed to be "soliciting material" or to be "filed" with the SEC for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, and shall not be deemed incorporated by reference into any filing of CRA International, Inc. under the Securities Act of 1933, as amended. The stock price performance included in this graph is not necessarily indicative of future stock price performance. Item 6 —Selected Financial Data Pursuant to the early adoption of SEC Final Rule Release No. 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information , we have elected to omit Item 6. Selected Financial Data.