Earnings Per Share ("EPS")

3 Months Ended

Dec. 27, 2015

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")

8.          Earnings Per Share (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding, less unvested restricted stock for the period.  Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period.  Potential common shares include the weighted-average dilutive effects of outstanding stock options and unvested restricted stock using the treasury stock method.

The following table sets forth the number of weighted-average shares used to compute basic and diluted EPS:

	Three Months Ended
	December 27, 2015		December 28, 2014
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	23,239	$	25,575
Weighted-average common shares outstanding - basic	59,058		62,452
Effect of dilutive stock options and unvested restricted stock	735		660
Weighted-average common stock outstanding - diluted	59,793		63,112
Earnings per share attributable to Tetra Tech:
Basic	$	0.39	$	0.41
Diluted	$	0.39	$	0.41

For the first quarters of fiscal 2016 and 2015, 0.6 million and 0.8 million options, respectively, were excluded from the calculation of dilutive potential common shares because the assumed proceeds per share exceeded the average market price per share during the period.  Therefore, their inclusion would have been anti-dilutive.