XML 25 R3.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 29, 2024
Oct. 01, 2023
Current assets:    
Cash and cash equivalents $ 232,689 $ 168,831
Accounts receivable, net 1,051,461 974,535
Contract assets 129,678 113,939
Prepaid expenses and other current assets 91,585 89,096
Income taxes receivable 21,970 9,623
Total current assets 1,527,383 1,356,024
Property and equipment, net 73,065 74,832
Right-of-use assets, operating leases 177,950 175,932
Goodwill 2,046,569 1,880,244
Intangible assets, net 160,585 173,936
Deferred tax assets 105,529 89,002
Other non-current assets 101,595 70,507
Total assets 4,192,676 3,820,477
Current liabilities:    
Accounts payable 197,440 173,271
Accrued compensation 332,096 302,755
Contract liabilities 351,738 335,044
Short-term lease liabilities, operating leases 63,419 65,005
Current contingent earn-out liabilities 26,934 51,108
Other current liabilities 247,900 280,959
Total current liabilities 1,219,527 1,208,142
Deferred tax liabilities 30,162 14,256
Long-term debt 812,634 879,529
Long-term lease liabilities, operating leases 140,095 144,685
Non-current contingent earn-out liabilities 21,812 22,314
Other non-current liabilities 138,033 148,045
Commitments and contingencies (Note 18)
Equity:    
Preferred stock – Authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at September 29, 2024 and October 1, 2023 0 0
Common stock – Authorized, 750,000 shares of $0.01 par value; issued and outstanding, 267,717 and 266,238 shares at September 29, 2024 and October 1, 2023, respectively 2,677 2,662
Additional paid-in capital 35,900 0
Accumulated other comprehensive loss (78,875) (195,295)
Retained earnings 1,870,620 1,596,066
Tetra Tech stockholders' equity 1,830,322 1,403,433
Noncontrolling interests 91 73
Total stockholders' equity 1,830,413 1,403,506
Total liabilities and stockholders' equity $ 4,192,676 $ 3,820,477