Earnings per Share ("EPS")

6 Months Ended

Mar. 28, 2021

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				Six Months Ended
	March 28, 2021		March 29, 2020		March 28, 2021		March 29, 2020
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	45,517	$	36,397	$	97,953	$	83,707

Weighted-average common shares outstanding – basic	54,187		54,699		54,085		54,541
Effect of dilutive stock options and unvested restricted stock	549		764		630		839
Weighted-average common shares outstanding – diluted	54,736		55,463		54,715		55,380

Earnings per share attributable to Tetra Tech:
Basic	$	0.84	$	0.67	$	1.81	$	1.53
Diluted	$	0.83	$	0.66	$	1.79	$	1.51