Earnings per Share ("EPS")

6 Months Ended

Apr. 02, 2023

Earnings Per Share [Abstract]

Earnings per Share ("EPS")

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 presents the number of weighted-average shares used to compute basic and diluted EPS (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	April 2, 2023		April 3, 2022		April 2, 2023		April 3, 2022
Net income attributable to Tetra Tech	$	42,830	$	53,040	$	159,536	$	121,529
Weighted-average common shares outstanding – basic	53,227		53,834		53,165		53,916
Effect of dilutive stock options and unvested restricted stock	400		512		430		576
Weighted-average common shares outstanding – diluted	53,627		54,346		53,595		54,492
Earnings per share attributable to Tetra Tech:
Basic	$	0.80	$	0.99	$	3.00	$	2.25
Diluted	$	0.80	$	0.98	$	2.98	$	2.23