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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Mar. 29, 2020
Mar. 31, 2019
Revenue $ 734,133 $ 722,621 $ 1,531,756 $ 1,440,052
Gross profit 97,000 96,471 206,737 195,155
Selling, general and administrative expenses (51,041) (48,898) (97,476) (91,871)
Contingent consideration – fair value adjustments 1,571 (28) 1,571 (28)
Income from operations 47,530 47,545 110,832 103,256
Interest expense (3,501) (3,164) (6,849) (6,061)
Income before income tax (expense) benefit 44,029 44,381 103,983 97,195
Income tax (expense) benefit (7,616) 11,563 (20,253) 781
Net income 36,413 55,944 83,730 97,976
Net income attributable to noncontrolling interests (16) (33) (23) (69)
Net income attributable to Tetra Tech $ 36,397 $ 55,911 $ 83,707 $ 97,907
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.67 $ 1.01 $ 1.53 $ 1.77
Diluted (in dollars per share) $ 0.66 $ 1.00 $ 1.51 $ 1.74
Weighted-average common shares outstanding:        
Basic (in shares) 54,699 55,143 54,541 55,237
Diluted (in shares) 55,463 55,985 55,380 56,161
Subcontractor costs        
Cost of revenue $ (149,673) $ (137,237) $ (333,274) $ (301,305)
Other costs of revenue        
Cost of revenue $ (487,460) $ (488,913) $ (991,745) $ (943,592)