Quarterly Financial Information-Unaudited

12 Months Ended

Oct. 02, 2016

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 October 2, 2016 and September 27, 2015 reflect all adjustments necessary for a fair statement of the results of operations.

              In fiscal 2016, we incurred Coffey-related acquisition and integration expenses totaling $19.5 million. These costs were recognized in the second, third, and fourth quarters of fiscal 2016 in the amounts of $15.9 million, $1.0 million, and $2.6 million, respectively. In addition, interest expense in fiscal 2016 includes Coffey-related debt pre-payment fees of $1.9 million that were incurred in the second quarter. 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.

		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
		(in thousands, except per share data)
Fiscal Year 2016
Revenue		$	560,708	$	627,384	$	666,869	$	728,508
Operating income			32,930		16,650		39,085		47,190
Net income attributable to Tetra Tech			23,239		3,744		25,694		31,106
Earnings per share attributable to Tetra Tech (1):
Basic		$	0.39	$	0.06	$	0.44	$	0.54
Diluted		$	0.39	$	0.06	$	0.44	$	0.53
Weighted-average common shares outstanding:
Basic			59,058		58,451		57,796		57,309
Diluted			59,793		59,131		58,616		58,192
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	)
Earnings (loss) per share attributable to Tetra Tech (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
(1)	The sum of the quarterly EPS may not add up to the full-year EPS due to rounding.