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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 01, 2023
Oct. 02, 2022
Current assets:    
Cash and cash equivalents $ 164,397 $ 185,094
Accounts receivable, net 795,872 755,112
Contract assets 80,903 92,405
Prepaid expenses and other current assets 193,635 125,605
Total current assets 1,234,807 1,158,216
Property and equipment, net 34,890 32,316
Right-of-use assets, operating leases 182,500 182,319
Goodwill 1,133,303 1,110,412
Intangible assets, net 27,536 29,163
Deferred tax assets 52,009 47,804
Other non-current assets 66,435 62,546
Total assets 2,731,480 2,622,776
Current liabilities:    
Accounts payable 151,256 147,436
Accrued compensation 184,468 237,669
Contract liabilities 274,118 241,340
Short-term lease liabilities, operating leases 55,809 57,865
Current portion of long-term debt 12,505 12,504
Current contingent earn-out liabilities 33,701 28,797
Other current liabilities 158,758 190,406
Total current liabilities 870,615 916,017
Deferred tax liabilities 32,779 15,161
Long-term debt 234,120 246,250
Long-term lease liabilities, operating leases 148,034 146,285
Non-current contingent earn-out liabilities 35,328 36,769
Other non-current liabilities 86,637 79,157
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at January 1, 2023 and October 2, 2022 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,226 and 52,981 shares at January 1, 2023 and October 2, 2022, respectively 532 530
Additional paid-in capital 3,281 0
Accumulated other comprehensive loss (175,126) (208,144)
Retained earnings 1,495,221 1,390,701
Tetra Tech stockholders’ equity 1,323,908 1,183,087
Noncontrolling interests 59 50
Total stockholders' equity 1,323,967 1,183,137
Total liabilities and stockholders' equity $ 2,731,480 $ 2,622,776