Earnings per Share ("EPS")

3 Months Ended

Jan. 02, 2022

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
	January 2, 2022		December 27, 2020
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	68,489	$	52,436

Weighted-average common shares outstanding – basic	53,937		53,927
Effect of dilutive stock options and unvested restricted stock	640		710
Weighted-average common shares outstanding – diluted	54,577		54,637

Earnings per share attributable to Tetra Tech:
Basic	$	1.27	$	0.97
Diluted	$	1.25	$	0.96