Quarterly Financial Information-Unaudited

12 Months Ended

Sep. 27, 2015

Quarterly Financial Information-Unaudited

Quarterly Financial Information-Unaudited

20.         Quarterly Financial Information – Unaudited

              In the opinion of management, the following unaudited quarterly data for the fiscal years ended September 27, 2015 and September 28, 2014 reflect all adjustments necessary for a fair statement of the results of operations.

              As a result of GMP's financial performance and prospects, we wrote-off all of GMP's goodwill and intangible assets and recorded a related impairment charge of $60.8 million ($57.3 million after-tax) in the fourth quarter of fiscal 2015.

              In the fourth quarter of fiscal 2014, our RCM segment reported a loss of $35.1 million. These results included project charges of $25.6 million primarily, related to two lines of business with U.S. federal and state and local government clients that we have decided to exit or wind-down. These charges were substantially offset in our fourth quarter consolidated operating income by net gains from updated valuations of our contingent earn-out liabilities totaling $23.8 million.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(in thousands, except per share data)
Fiscal Year 2015
Revenue	$	581,056	$	564,763	$	575,108	$	578,394
Operating income (loss)		36,612		30,398		40,721		(20,047	)
Net income (loss) attributable to Tetra Tech		25,575		19,017		26,206		(31,724	)
Net income (loss) attributable to Tetra Tech per share (1):
Basic	$	0.41	$	0.31	$	0.44	$	(0.53	)
Diluted	$	0.41	$	0.31	$	0.43	$	(0.53	)
Weighted-average common shares outstanding:
Basic		62,452		61,153		60,207		59,963
Diluted		63,112		61,723		60,792		59,963
Fiscal Year 2014
Revenue	$	645,848	$	586,285	$	629,502	$	622,179
Operating income		43,718		46,186		39,167		24,762
Net income attributable to Tetra Tech		27,315		31,709		26,657		22,585
Earnings per share attributable to Tetra Tech (1):
Basic	$	0.43	$	0.49	$	0.41	$	0.36
Diluted	$	0.42	$	0.48	$	0.41	$	0.35
Weighted-average common shares outstanding:
Basic		64,227		64,835		64,566		63,602
Diluted		65,048		65,710		65,302		64,235

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