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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2020
Sep. 29, 2019
Current assets:    
Cash and cash equivalents $ 157,515 $ 120,732
Accounts receivable, net 649,035 768,720
Contract assets 92,632 114,324
Prepaid expenses and other current assets 81,094 62,196
Income taxes receivable 19,509 13,820
Total current assets 999,785 1,079,792
Property and equipment, net 35,507 39,441
Right-of-use assets, operating leases 239,396  
Investments in unconsolidated joint ventures 7,332 6,873
Goodwill 993,498 924,820
Intangible assets, net 13,943 16,440
Deferred tax assets 32,052 28,385
Other long-term assets 57,045 51,657
Total assets 2,378,558 2,147,408
Current liabilities:    
Accounts payable 111,804 206,609
Accrued compensation 199,801 203,384
Contract liabilities 171,905 165,611
Short-term lease liabilities, operating leases 69,650  
Current portion of long-term debt and other short-term borrowings 49,264 12,500
Current contingent earn-out liabilities 16,142 24,977
Other current liabilities 174,890 156,873
Total current liabilities 793,456 769,954
Deferred tax liabilities 16,316 12,971
Long-term debt 242,395 263,934
Long-term lease liabilities, operating leases 191,955  
Long-term contingent earn-out liabilities 16,475 28,015
Other long-term liabilities 80,588 83,070
Commitments and contingencies (Note 17)
Equity:    
Preferred stock – Authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at September 27, 2020 and September 29, 2019 0 0
Common stock – Authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,797 and 54,565 shares at September 27, 2020 and September 29, 2019, respectively 538 546
Additional paid-in capital 0 78,132
Accumulated other comprehensive loss (161,786) (160,584)
Retained earnings 1,198,567 1,071,192
Tetra Tech stockholders' equity 1,037,319 989,286
Noncontrolling interests 54 178
Total stockholders' equity 1,037,373 989,464
Total liabilities and stockholders' equity $ 2,378,558 $ 2,147,408