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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Revenue $ 709,771 $ 825,793 $ 2,241,527 $ 2,265,846
Gross profit 114,397 117,987 321,134 313,141
Selling, general and administrative expenses (50,822) (53,146) (148,299) (145,016)
Contingent consideration – fair value adjustments (50) 0 1,521 (28)
Income from operations 63,525 64,841 174,356 168,097
Interest expense (3,564) (3,546) (10,412) (9,607)
Income before income tax expense 59,961 61,295 163,944 158,490
Income tax expense (14,458) (12,044) (34,710) (11,263)
Net income 45,503 49,251 129,234 147,227
Net income attributable to noncontrolling interests (6) (18) (29) (86)
Net income attributable to Tetra Tech $ 45,497 $ 49,233 $ 129,205 $ 147,141
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.84 $ 0.90 $ 2.38 $ 2.67
Diluted (in dollars per share) $ 0.83 $ 0.88 $ 2.34 $ 2.63
Weighted-average common shares outstanding:        
Basic (in shares) 53,985 54,819 54,366 55,101
Diluted (in shares) 54,692 55,768 55,161 56,034
Subcontractor costs        
Cost of revenue $ (149,494) $ (202,597) $ (482,768) $ (503,902)
Other costs of revenue        
Cost of revenue $ (445,880) $ (505,209) $ (1,437,625) $ (1,448,803)