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Stock Repurchase Program
9 Months Ended
Jun. 30, 2013
Stock Repurchase Program  
Stock Repurchase Program

2.             Stock Repurchase Program

 

In June 2013, our Board of Directors authorized a stock repurchase program (the “Stock Repurchase Program”) under which we may repurchase up to $100 million of Tetra Tech common stock.  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 June 30, 2013, we had repurchased through open market purchases a total of 175,700 shares at an average price of $23.60 per share, for a total cost of $4.1 million.