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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2022
Oct. 03, 2021
Current assets:    
Cash and cash equivalents $ 205,542 $ 166,568
Accounts receivable, net 696,586 668,998
Contract assets 98,439 103,784
Prepaid expenses and other current assets 103,266 112,338
Income taxes receivable 9,567 14,260
Total current assets 1,113,400 1,065,948
Property and equipment, net 35,428 37,733
Right-of-use assets, operating leases 212,018 215,422
Investments in unconsolidated joint ventures 3,893 3,282
Goodwill 1,123,060 1,108,578
Intangible assets, net 36,535 37,990
Deferred tax assets 58,876 54,413
Other long-term assets 57,246 53,196
Total assets 2,640,456 2,576,562
Current liabilities:    
Accounts payable 142,847 128,767
Accrued compensation 166,002 206,322
Contract liabilities 219,519 190,403
Short-term lease liabilities, operating leases 65,185 67,452
Current portion of long-term debt and other short-term borrowings 16,728 12,504
Current contingent earn-out liabilities 21,931 19,520
Other current liabilities 217,056 223,515
Total current liabilities 849,268 848,483
Deferred tax liabilities 13,916 10,563
Long-term debt 246,875 200,000
Long-term lease liabilities, operating leases 172,795 174,285
Long-term contingent earn-out liabilities 43,839 39,777
Other long-term liabilities 75,818 69,163
Commitments and contingencies (Note 16)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at January 2, 2022 and October 3, 2021 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,999 and 53,981 shares at January 2, 2022 and October 3, 2021, respectively 540 540
Accumulated other comprehensive loss (123,048) (125,028)
Retained earnings 1,360,390 1,358,726
Tetra Tech stockholders’ equity 1,237,882 1,234,238
Noncontrolling interests 63 53
Total stockholders' equity 1,237,945 1,234,291
Total liabilities and stockholders' equity $ 2,640,456 $ 2,576,562