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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2022
Oct. 03, 2021
Current assets:    
Cash and cash equivalents $ 185,094 $ 166,568
Accounts receivable, net 755,112 668,998
Contract assets 92,405 103,784
Prepaid expenses and other current assets 115,400 112,338
Income taxes receivable 10,205 14,260
Total current assets 1,158,216 1,065,948
Property and equipment, net 32,316 37,733
Right-of-use assets, operating leases 182,319 215,422
Investments in unconsolidated joint ventures 4,570 3,282
Goodwill 1,110,412 1,108,578
Intangible assets, net 29,163 37,990
Deferred tax assets 47,804 54,413
Other long-term assets 57,976 53,196
Total assets 2,622,776 2,576,562
Current liabilities:    
Accounts payable 147,436 128,767
Accrued compensation 237,669 206,322
Contract liabilities 241,340 190,403
Short-term lease liabilities, operating leases 57,865 67,452
Current portion of long-term debt 12,504 12,504
Current contingent earn-out liabilities 28,797 19,520
Other current liabilities 190,406 223,515
Total current liabilities 916,017 848,483
Deferred tax liabilities 15,161 10,563
Long-term debt 246,250 200,000
Long-term lease liabilities, operating leases 146,285 174,285
Long-term contingent earn-out liabilities 36,769 39,777
Other long-term liabilities 79,157 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 October 2, 2022 and October 3, 2021 0 0
Common stock – Authorized, 150,000 shares of $0.01 par value; issued and outstanding, 52,981 and 53,981 shares at October 2, 2022 and October 3, 2021, respectively 530 540
Accumulated other comprehensive loss (208,144) (125,028)
Retained earnings 1,390,701 1,358,726
Tetra Tech stockholders' equity 1,183,087 1,234,238
Noncontrolling interests 50 53
Total stockholders' equity 1,183,137 1,234,291
Total liabilities and stockholders' equity $ 2,622,776 $ 2,576,562