XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Revenue $ 754,764 $ 734,133 $ 1,519,868 $ 1,531,756
Gross profit 112,484 97,000 228,794 206,737
Selling, general and administrative expenses (51,907) (51,041) (101,928) (97,476)
Contingent consideration – fair value adjustments 230 1,571 193 1,571
Income from operations 60,807 47,530 127,059 110,832
Interest expense (2,823) (3,501) (5,849) (6,849)
Income before income tax expense 57,984 44,029 121,210 103,983
Income tax expense (12,456) (7,616) (23,234) (20,253)
Net income 45,528 36,413 97,976 83,730
Net income attributable to noncontrolling interests (11) (16) (23) (23)
Net income attributable to Tetra Tech $ 45,517 $ 36,397 $ 97,953 $ 83,707
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.84 $ 0.67 $ 1.81 $ 1.53
Diluted (in dollars per share) $ 0.83 $ 0.66 $ 1.79 $ 1.51
Weighted-average common shares outstanding:        
Basic (in shares) 54,187 54,699 54,085 54,541
Diluted (in shares) 54,736 55,463 54,715 55,380
Subcontractor costs        
Cost of revenue $ (154,939) $ (149,673) $ (314,873) $ (333,274)
Other costs of revenue        
Cost of revenue $ (487,341) $ (487,460) $ (976,201) $ (991,745)