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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 27, 2020
Sep. 27, 2020
Current assets:    
Cash and cash equivalents $ 163,438 $ 157,515
Accounts receivable, net 673,763 649,035
Contract assets 91,598 92,632
Prepaid expenses and other current assets 91,597 81,094
Income taxes receivable 15,050 19,509
Total current assets 1,035,446 999,785
Property and equipment, net 35,141 35,507
Right-of-use assets, operating leases 225,787 239,396
Investments in unconsolidated joint ventures 7,919 7,332
Goodwill 1,017,909 993,498
Intangible assets, net 10,893 13,943
Deferred tax assets 34,511 32,052
Other long-term assets 47,266 57,045
Total assets 2,414,872 2,378,558
Current liabilities:    
Accounts payable 135,435 111,804
Accrued compensation 138,112 199,801
Contract liabilities 199,297 171,905
Short-term lease liabilities, operating leases 69,612 69,650
Current portion of long-term debt and other short-term borrowings 26,179 49,264
Current contingent earn-out liabilities 10,945 16,142
Other current liabilities 175,141 174,890
Total current liabilities 754,721 793,456
Deferred tax liabilities 18,462 16,316
Long-term debt 275,983 242,395
Long-term lease liabilities, operating leases 181,473 191,955
Long-term contingent earn-out liabilities 15,074 16,475
Other long-term liabilities 63,905 80,588
Commitments and contingencies (Note 16)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at December 27, 2020 and September 27, 2020 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 54,193 and 53,797 shares at December 27, 2020 and September 27, 2020, respectively 542 538
Accumulated other comprehensive loss (127,919) (161,786)
Retained earnings 1,232,563 1,198,567
Tetra Tech stockholders’ equity 1,105,186 1,037,319
Noncontrolling interests 68 54
Total stockholders' equity 1,105,254 1,037,373
Total liabilities and stockholders' equity $ 2,414,872 $ 2,378,558