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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2021
Sep. 27, 2020
Current assets:    
Cash and cash equivalents $ 166,568 $ 157,515
Accounts receivable, net 668,998 649,035
Contract assets 103,784 92,632
Prepaid expenses and other current assets 112,338 81,094
Income taxes receivable 14,260 19,509
Total current assets 1,065,948 999,785
Property and equipment, net 37,733 35,507
Right-of-use assets, operating leases 215,422 239,396
Investments in unconsolidated joint ventures 3,282 7,332
Goodwill 1,108,578 993,498
Intangible assets, net 37,990 13,943
Deferred tax assets 54,413 32,052
Other long-term assets 53,196 57,045
Total assets 2,576,562 2,378,558
Current liabilities:    
Accounts payable 128,767 111,804
Accrued compensation 206,322 199,801
Contract liabilities 190,403 171,905
Short-term lease liabilities, operating leases 67,452 69,650
Current portion of long-term debt and other short-term borrowings 12,504 49,264
Current contingent earn-out liabilities 19,520 16,142
Other current liabilities 223,515 174,890
Total current liabilities 848,483 793,456
Deferred tax liabilities 10,563 16,316
Long-term debt 200,000 242,395
Long-term lease liabilities, operating leases 174,285 191,955
Long-term contingent earn-out liabilities 39,777 16,475
Other long-term liabilities 69,163 80,588
Commitments and contingencies (Note 17)
Equity:    
Preferred stock – Authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at October 3, 2021 and September 27, 2020 0 0
Common stock – Authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,981 and 53,797 shares at October 3, 2021 and September 27, 2020, respectively 540 538
Accumulated other comprehensive loss (125,028) (161,786)
Retained earnings 1,358,726 1,198,567
Tetra Tech stockholders' equity 1,234,238 1,037,319
Noncontrolling interests 53 54
Total stockholders' equity 1,234,291 1,037,373
Total liabilities and stockholders' equity $ 2,576,562 $ 2,378,558