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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 27, 2021
Jun. 28, 2020
Revenue $ 801,633 $ 709,771 $ 2,321,500 $ 2,241,527
Gross profit 125,696 114,397 354,490 321,134
Selling, general and administrative expenses (55,859) (50,822) (157,788) (148,299)
Contingent consideration – fair value adjustments (30) (50) 163 1,521
Income from operations 69,807 63,525 196,865 174,356
Interest expense (2,737) (3,564) (8,585) (10,412)
Income before income tax expense 67,070 59,961 188,280 163,944
Income tax expense (15,146) (14,458) (38,380) (34,710)
Net income 51,924 45,503 149,900 129,234
Net income attributable to noncontrolling interests (21) (6) (44) (29)
Net income attributable to Tetra Tech $ 51,903 $ 45,497 $ 149,856 $ 129,205
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.96 $ 0.84 $ 2.77 $ 2.38
Diluted (in dollars per share) $ 0.95 $ 0.83 $ 2.74 $ 2.34
Weighted-average common shares outstanding:        
Basic (in shares) 54,117 53,985 54,095 54,366
Diluted (in shares) 54,666 54,692 54,698 55,161
Subcontractor costs        
Cost of revenue $ (163,590) $ (149,494) $ (478,461) $ (482,768)
Other costs of revenue        
Cost of revenue $ (512,347) $ (445,880) $ (1,488,549) $ (1,437,625)