Earnings per Share ("EPS")

3 Months Ended

Dec. 27, 2020

Earnings per Share (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding, less unvested restricted stock for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and unvested restricted stock using the treasury stock method.

The following table presents the number of weighted-average shares used to compute basic and diluted EPS:


	Three Months Ended
	December 27, 2020		December 29, 2019
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	52,436	$	47,310

Weighted-average common shares outstanding – basic	53,927		54,560
Effect of dilutive stock options and unvested restricted stock	710		878
Weighted-average common shares outstanding – diluted	54,637		55,438

Earnings per share attributable to Tetra Tech:
Basic	$	0.97	$	0.87
Diluted	$	0.96	$	0.85