Mergers and Acquisitions (Tables)

9 Months Ended

Jul. 02, 2017

Mergers and Acquisitions

Summary of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the respective acquisition dates for our acquisitions completed in fiscal 2016 (in thousands):

Accounts receivable	$	71,515
Other current assets	18,869
Property and equipment	14,218
Goodwill	108,323
Backlog and trade name intangible assets	29,445
Other assets	747
Current liabilities	(78,311)
Borrowings	(65,086)
Other long-term liabilities	(4,885)
Net assets acquired	$	94,835

Summary of pro-forma operating results

	Pro-Forma
	Nine Months Ended
	July 2, 2017		June 26, 2016
	(in thousands, except per share data)
Revenue	$	2,018,171	$	1,986,149
Operating income	128,695		102,855
Net income attributable to Tetra Tech	83,407		65,923
Earnings per share attributable to Tetra Tech
Basic	$	1.46	$	1.12
Diluted	$	1.44	$	1.11

Summary of acquisition and integration expenses

	Three Months Ended June 26, 2016		Nine Months Ended June 26, 2016
	(in thousands)
Severance including change in control payments	$	1,005	$	8,285
Professional services	–		5,685
Real estate-related	–		2,946
Total	$	1,005	$	16,916