Consolidated Statements of Income - USD ($) shares in Thousands |
12 Months Ended | ||
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Sep. 29, 2019 |
Sep. 30, 2018 |
Oct. 01, 2017 |
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Revenue | $ 3,107,348,000 | $ 2,964,148,000 | $ 2,753,360,000 |
Gross profit | 408,183,000 | 384,458,000 | 353,638,000 |
Selling, general and administrative expenses | (200,230,000) | (190,120,000) | (177,219,000) |
Acquisition and integration expenses | (10,351,000) | 0 | 0 |
Contingent consideration – fair value adjustments | (1,085,000) | (4,252,000) | 6,923,000 |
Impairment of goodwill | (7,755,000) | 0 | 0 |
Income from operations | 188,762,000 | 190,086,000 | 183,342,000 |
Interest income | 1,732,000 | 1,824,000 | 729,000 |
Interest expense | (15,358,000) | (17,348,000) | (12,310,000) |
Income before income tax expense | 175,136,000 | 174,562,000 | 171,761,000 |
Income tax expense | (16,375,000) | (37,605,000) | (53,844,000) |
Net income | 158,761,000 | 136,957,000 | 117,917,000 |
Net income attributable to noncontrolling interests | (93,000) | (74,000) | (43,000) |
Net income attributable to Tetra Tech | $ 158,668,000 | $ 136,883,000 | $ 117,874,000 |
Earnings per share attributable to Tetra Tech: | |||
Basic (in dollars per share) | $ 2.89 | $ 2.46 | $ 2.07 |
Diluted (in dollars per share) | $ 2.84 | $ 2.42 | $ 2.04 |
Weighted-average common shares outstanding: | |||
Basic (in shares) | 54,986 | 55,670 | 56,911 |
Diluted (in shares) | 55,936 | 56,598 | 57,913 |
Subcontractor costs | |||
Costs of revenue | $ (717,711,000) | $ (763,414,000) | $ (719,350,000) |
Other costs of revenue | |||
Costs of revenue | $ (1,981,454,000) | $ (1,816,276,000) | $ (1,680,372,000) |
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- Definition This element represents acquisition and integration -related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. No definition available.
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- Definition The amount of fair value adjustments to contingent consideration during the reporting period. No definition available.
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- Definition The aggregate amount is comprised primarily of marketing and bid and proposal costs, and corporate headquarters' costs related to the executives offices, finance, accounting, administration and information technology, including non-contract related portion of stock-based compensation, depreciation of property and equipment and amortization of identifiable intangible assets. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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