XML 27 R15.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share ("EPS")
 3 Months Ended
Jan. 01, 2017
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

 

 

 

January 1,
2017

 

December 27,
2015

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

Net income attributable to Tetra Tech

 

$
26,562

 

$
23,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 
57,099

 
59,058

 

Effect of dilutive stock options and unvested restricted stock

 
1,046

 
735

 

 

 

 

 

 

 

Weighted-average common stock outstanding - diluted

 
58,145

 
59,793

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Tetra Tech:

 

 

 

 

 

Basic

 

$
0.47

 

$
0.39

 

 

 

 

 

 

 

 

 

Diluted

 

$
0.46

 

$
0.39

 

 

 

 

 

 

 

 

 

 

For the first quarters of fiscal 2017 and 2016, 0.1 million and 0.6 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.