Quarterly Financial Information-Unaudited

12 Months Ended

Sep. 30, 2012

Quarterly Financial Information-Unaudited

Quarterly Financial Information-Unaudited

18. Quarterly Financial Information – Unaudited

In the opinion of management, the following unaudited quarterly data for fiscal years ended September 30, 2012 and October 2, 2011 reflect all adjustments necessary for a fair statement of the results of operations.

In the fourth quarter of fiscal 2012, operating income was adversely impacted by $16.9 million of costs related to the reorganization of our operations as described in Note 17, "Reportable Segments." These costs included $6.4 million of compensation-related expenses for severance and employee retention. In addition, we recorded $4.4 million (see Note 6, "Property and Equipment") of lease exit costs, fixed asset write-downs and other long-lived asset impairments associated with office space reductions and relocations. Further, we incurred operational losses of $5.2 million for winding down certain India-based activities that are no longer supported by our reorganized business model. We also identified one small reporting unit in the EAS segment in which goodwill was impaired that resulted in a $0.9 million non-cash goodwill impairment charge. Fourth quarter fiscal 2012 operating income also included net gains of $17.3 million related to changes in the estimated fair value of our contingent earn-out liabilities. See Note 4, "Mergers and Acquisitions" for further discussion.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

	(in thousands, except per share data)
Fiscal Year 2012
Revenue	$	682,627	$	624,345	$	684,698	$	719,405
Operating income		36,093		35,543		46,261		48,470
Net income attributable to Tetra Tech		22,610		22,284		29,054		30,432
Earnings per share attributable to Tetra Tech⁽¹⁾:
Basic	$	0.36	$	0.35	$	0.46	$	0.48

Diluted	$	0.36	$	0.35	$	0.45	$	0.47

Weighted-average common shares outstanding:
Basic		62,433		63,072		63,387		63,623

Diluted		63,068		63,817		64,179		64,396

Fiscal Year 2011
Revenue	$	611,124	$	612,566	$	673,792	$	675,662
Operating income		34,325		29,256		39,408		43,433
Net income attributable to Tetra Tech		22,301		17,500		23,839		26,399
Earnings per share attributable to Tetra Tech⁽¹⁾:
Basic	$	0.36	$	0.28	$	0.38	$	0.42

Diluted	$	0.36	$	0.28	$	0.38	$	0.42

Weighted-average common shares outstanding:
Basic		61,665		62,121		62,203		62,310

Diluted		62,443		62,945		62,934		62,864

⁽¹⁾: The sum of the quarterly EPS may not add up to the full-year EPS due to rounding.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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