XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2021
Sep. 27, 2020
Current assets:    
Cash and cash equivalents $ 225,330 $ 157,515
Accounts receivable, net 629,186 649,035
Contract assets 95,079 92,632
Prepaid expenses and other current assets 87,400 81,094
Income taxes receivable 27,116 19,509
Total current assets 1,064,111 999,785
Property and equipment, net 37,423 35,507
Right-of-use assets, operating leases 222,922 239,396
Investments in unconsolidated joint ventures 7,700 7,332
Goodwill 1,029,573 993,498
Intangible assets, net 8,923 13,943
Deferred tax assets 34,740 32,052
Other long-term assets 49,670 57,045
Total assets 2,455,062 2,378,558
Current liabilities:    
Accounts payable 124,260 111,804
Accrued compensation 179,025 199,801
Contract liabilities 185,602 171,905
Short-term lease liabilities, operating leases 68,941 69,650
Current portion of long-term debt and other short-term borrowings 28,885 49,264
Current contingent earn-out liabilities 17,492 16,142
Other current liabilities 192,497 174,890
Total current liabilities 796,702 793,456
Deferred tax liabilities 18,152 16,316
Long-term debt 238,339 242,395
Long-term lease liabilities, operating leases 179,645 191,955
Long-term contingent earn-out liabilities 11,166 16,475
Other long-term liabilities 63,830 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 March 28, 2021 and September 27, 2020 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 54,158 and 53,797 shares at March 28, 2021 and September 27, 2020, respectively 542 538
Accumulated other comprehensive loss (115,056) (161,786)
Retained earnings 1,261,661 1,198,567
Tetra Tech stockholders’ equity 1,147,147 1,037,319
Noncontrolling interests 81 54
Total stockholders' equity 1,147,228 1,037,373
Total liabilities and stockholders' equity $ 2,455,062 $ 2,378,558