Investor Presentaiton
Reconciliation of non-GAAP financial measures
Notes:
1) Adjustments for GNU and Other
These adjustments arise from activity related to GNU, CRA's majority owned subsidiary, formerly known as
"NeuCo," in the Company's GAAP results. In April 2016, substantially all of GNU's assets were sold. Additional
adjustments referred to as "Other" include goodwill and intangible impairment charges, restructuring charges,
valuation changes in contingent consideration liabilities associated with prior acquisitions, consideration paid in
connection with the IQVIA transaction, lease recapture and related tax effects, estimated impact of The Tax Cuts
and Jobs Act ("Tax Act"), and certain other unusual charges.
2) Constant Currency Calculations
CRA believes that fluctuations in foreign currency exchange rates can significantly affect CRA's financial results.
Therefore, CRA provides a constant currency presentation to supplement disclosures regarding its results of
operations and performance. CRA calculates constant currency amounts by converting its applicable fiscal
period local currency financial results using the prior fiscal year's corresponding period exchange rates.
3) Forgivable Loan Issuances, Net
Forgivable loan issuances represent amounts disbursed during the year, including current year advances as
well as accrued advances from the prior year, net of repayments. For amounts denominated in foreign
currencies, the issuances are translated at the spot rate on the date of disbursement.
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Charles River
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