Stock Repurchase Program

12 Months Ended

Sep. 29, 2013

Stock Repurchase Program

Stock Repurchase Program

3.           Stock Repurchase Program

              In June 2013, our Board of Directors authorized the Stock Repurchase Program under which we may currently repurchase up to $100 million of Tetra Tech common stock. In November 2013, our Board of Directors amended the Stock Repurchase Program, effective on November 18, 2013, to revise the pricing parameters and to extend the program through fiscal 2014. Stock repurchases may be made on the open market or in privately negotiated transactions with third parties. Because the repurchases under the Stock Repurchase Program are subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased under the program. At September 29, 2013, we had repurchased through open market purchases a total of 855,200 shares at an average price of $23.39 per share, for a total cost of $20.0 million.