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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Oct. 01, 2023
Current assets:    
Cash and cash equivalents $ 198,689 $ 168,831
Accounts receivable, net 1,040,510 974,535
Contract assets 89,073 113,939
Prepaid expenses and other current assets 125,769 98,719
Total current assets 1,454,041 1,356,024
Property and equipment, net 74,971 74,832
Right-of-use assets, operating leases 179,513 175,932
Goodwill 1,923,146 1,880,244
Intangible assets, net 168,134 173,936
Deferred tax assets 76,210 89,002
Other non-current assets 74,808 70,507
Total assets 3,950,823 3,820,477
Current liabilities:    
Accounts payable 207,062 173,271
Accrued compensation 222,686 302,755
Contract liabilities 382,862 335,044
Short-term lease liabilities, operating leases 68,091 65,005
Current contingent earn-out liabilities 37,556 51,108
Other current liabilities 242,738 280,959
Total current liabilities 1,160,995 1,208,142
Deferred tax liabilities 11,620 14,256
Long-term debt 945,319 879,529
Long-term lease liabilities, operating leases 139,537 144,685
Non-current contingent earn-out liabilities 18,048 22,314
Other non-current liabilities 137,617 148,045
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at December 31, 2023 and October 1, 2023 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,466 and 53,248 shares at December 31, 2023 and October 1, 2023, respectively 534 532
Additional paid-in capital 9,979 0
Accumulated other comprehensive loss (132,202) (195,295)
Retained earnings 1,659,295 1,598,196
Tetra Tech stockholders’ equity 1,537,606 1,403,433
Noncontrolling interests 81 73
Total stockholders' equity 1,537,687 1,403,506
Total liabilities and stockholders' equity $ 3,950,823 $ 3,820,477