Basic net income (loss) per share represents net income (loss) divided by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share represents net income (loss) divided by the weighted average shares of common stock and common stock equivalents, if applicable, outstanding during the period. Common stock equivalents arise from stock options and unvested restricted shares, using the treasury stock method. Under the treasury stock method, the amount the Company will receive for the share awards, 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 award becomes deductible are assumed to be used to repurchase shares at the average share price for each 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

	July 2, 2011 (13 weeks)		May 14, 2010 (12 weeks)		July 2, 2011 (26 weeks)		May 14, 2010 (24 weeks)
Basic weighted average shares outstanding		10,650		10,713		10,632		10,683
Common stock equivalents:
Stock options and restricted shares		170		—		178		—

Diluted weighted average shares outstanding		10,820		10,713		10,810		10,683

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 awards, 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 quarter and fiscal year to date period ended May 14, 2010, all share based awards which amounted to 1,174,915 and 1,169,810 awards, respectively, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. Of these share based awards, approximately 143,000 and 163,000 common stock equivalents would have been dilutive had the Company reported net income for the quarter and fiscal year to date period ended May 14, 2010, respectively.

During the second quarter and fiscal year to date period ended July 2, 2011, CRA granted restricted share awards representing 17,580 shares of its common stock that were not vested as of July 2, 2011. During the second quarter and fiscal year to date period ended May 14, 2010, CRA granted restricted share awards representing 87,193 and 95,402 shares, respectively, of its common stock that were not vested as of May 14, 2010.

On July 6, 2010, the Company issued a press release announcing that its board of directors approved a share repurchase program of up to $5 million of the Company's common stock. During the second quarter and fiscal year to date period ended July 2, 2011, the Company purchased 51,834 shares under this plan at a total cost of $1.4 million. As of July 2, 2011, the Company has purchased 60,567 shares under this plan at an average price per share of approximately $25.38.