Earnings per Share ("EPS")

9 Months Ended

Jul. 03, 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				Nine Months Ended
	July 3, 2022		June 27, 2021		July 3, 2022		June 27, 2021
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	58,650	$	51,903	$	180,179	$	149,856

Weighted-average common shares outstanding – basic	53,507		54,117		53,777		54,095
Effect of dilutive stock options and unvested restricted stock	499		549		551		603
Weighted-average common shares outstanding – diluted	54,006		54,666		54,328		54,698

Earnings per share attributable to Tetra Tech:
Basic	$	1.10	$	0.96	$	3.35	$	2.77
Diluted	$	1.09	$	0.95	$	3.32	$	2.74