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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Oct. 01, 2023
Current assets:    
Cash and cash equivalents $ 210,294 $ 168,831
Accounts receivable, net 1,037,883 974,535
Contract assets 102,991 113,939
Prepaid expenses and other current assets 128,753 98,719
Total current assets 1,479,921 1,356,024
Property and equipment, net 72,897 74,832
Right-of-use assets, operating leases 181,948 175,932
Goodwill 1,977,688 1,880,244
Intangible assets, net 175,611 173,936
Deferred tax assets 87,561 89,002
Other non-current assets 94,948 70,507
Total assets 4,070,574 3,820,477
Current liabilities:    
Accounts payable 215,644 173,271
Accrued compensation 251,035 302,755
Contract liabilities 373,682 335,044
Short-term lease liabilities, operating leases 70,793 65,005
Current contingent earn-out liabilities 46,959 51,108
Other current liabilities 235,821 280,959
Total current liabilities 1,193,934 1,208,142
Deferred tax liabilities 17,647 14,256
Long-term debt 951,031 879,529
Long-term lease liabilities, operating leases 139,364 144,685
Non-current contingent earn-out liabilities 27,620 22,314
Other non-current liabilities 156,128 148,045
Commitments and contingencies (Note 18)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 31, 2024 and October 1, 2023 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,497 and 53,248 shares at March 31, 2024 and October 1, 2023, respectively 535 532
Additional paid-in capital 18,972 0
Accumulated other comprehensive loss (156,546) (195,295)
Retained earnings 1,721,833 1,598,196
Tetra Tech stockholders’ equity 1,584,794 1,403,433
Noncontrolling interests 56 73
Total stockholders' equity 1,584,850 1,403,506
Total liabilities and stockholders' equity $ 4,070,574 $ 3,820,477