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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2022
Oct. 03, 2021
Current assets:    
Cash and cash equivalents $ 217,384 $ 166,568
Accounts receivable, net 722,868 668,998
Contract assets 99,830 103,784
Prepaid expenses and other current assets 94,497 112,338
Income taxes receivable 10,778 14,260
Total current assets 1,145,357 1,065,948
Property and equipment, net 35,010 37,733
Right-of-use assets, operating leases 191,022 215,422
Investments in unconsolidated joint ventures 3,974 3,282
Goodwill 1,151,457 1,108,578
Intangible assets, net 33,943 37,990
Deferred tax assets 56,634 54,413
Other long-term assets 60,309 53,196
Total assets 2,677,706 2,576,562
Current liabilities:    
Accounts payable 138,190 128,767
Accrued compensation 224,611 206,322
Contract liabilities 247,013 190,403
Short-term lease liabilities, operating leases 60,101 67,452
Current portion of long-term debt and other short-term borrowings 27,081 12,504
Current contingent earn-out liabilities 32,386 19,520
Other current liabilities 216,083 223,515
Total current liabilities 945,465 848,483
Deferred tax liabilities 18,282 10,563
Long-term debt 234,375 200,000
Long-term lease liabilities, operating leases 154,499 174,285
Long-term contingent earn-out liabilities 50,900 39,777
Other long-term liabilities 69,127 69,163
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at July 3, 2022 and October 3, 2021 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,319 and 53,981 shares at July 3, 2022 and October 3, 2021, respectively 533 540
Accumulated other comprehensive loss (157,806) (125,028)
Retained earnings 1,362,284 1,358,726
Tetra Tech stockholders’ equity 1,205,011 1,234,238
Noncontrolling interests 47 53
Total stockholders' equity 1,205,058 1,234,291
Total liabilities and stockholders' equity $ 2,677,706 $ 2,576,562