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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Revenue $ 825,793 $ 764,795 $ 2,265,846 $ 2,224,805
Gross profit 117,987 109,594 313,141 295,165
Selling, general and administrative expenses (53,146) (53,906) (145,016) (146,254)
Contingent consideration – fair value adjustments 0 (192) (28) (2,110)
Income from operations 64,841 55,496 168,097 146,801
Interest expense (3,546) (4,345) (9,607) (11,597)
Income before income tax expense 61,295 51,151 158,490 135,204
Income tax expense (12,044) (17,806) (11,263) (27,060)
Net income 49,251 33,345 147,227 108,144
Net income attributable to noncontrolling interests (18) (23) (86) (62)
Net income attributable to Tetra Tech $ 49,233 $ 33,322 $ 147,141 $ 108,082
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.90 $ 0.60 $ 2.67 $ 1.94
Diluted (in dollars per share) $ 0.88 $ 0.59 $ 2.63 $ 1.91
Weighted-average common shares outstanding:        
Basic (in shares) 54,819 55,537 55,101 55,780
Diluted (in shares) 55,768 56,390 56,034 56,681
Subcontractor costs        
Cost of revenue $ (202,597) $ (194,443) $ (503,902) $ (576,813)
Other costs of revenue        
Cost of revenue $ (505,209) $ (460,758) $ (1,448,803) $ (1,352,827)