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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Apr. 02, 2023
Apr. 03, 2022
Revenue $ 1,158,226 $ 852,744 $ 2,052,991 $ 1,711,255
Gross profit 170,846 135,173 324,091 274,940
Selling, general and administrative expenses (82,347) (60,480) (138,848) (113,001)
Acquisition and integration expenses (19,944) 0 (23,705) 0
Contingent consideration – fair value adjustments (7,544) (173) (8,477) (199)
Income from operations 61,011 74,520 153,061 161,740
Interest expense, net (13,323) (3,144) (18,695) (6,048)
Other non-operating income 21,407 0 89,402 0
Income before income tax expense 69,095 71,376 223,768 155,692
Income tax expense (26,254) (18,327) (64,212) (34,144)
Net income 42,841 53,049 159,556 121,548
Net income attributable to noncontrolling interests (11) (9) (20) (19)
Net income attributable to Tetra Tech, basic 42,830 53,040 159,536 121,529
Net income attributable to Tetra Tech, diluted $ 42,830 $ 53,040 $ 159,536 $ 121,529
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.80 $ 0.99 $ 3.00 $ 2.25
Diluted (in dollars per share) $ 0.80 $ 0.98 $ 2.98 $ 2.23
Weighted-average common shares outstanding:        
Basic (in shares) 53,227 53,834 53,165 53,916
Diluted (in shares) 53,627 54,346 53,595 54,492
Subcontractor costs        
Cost of revenue $ (188,661) $ (153,103) $ (346,865) $ (332,280)
Other costs of revenue        
Cost of revenue $ (798,719) $ (564,468) $ (1,382,035) $ (1,104,035)