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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2023
Oct. 02, 2022
Current assets:    
Cash and cash equivalents $ 176,056 $ 185,094
Accounts receivable, net 1,002,087 755,112
Contract assets 125,360 92,405
Prepaid expenses and other current assets 114,440 125,605
Total current assets 1,417,943 1,158,216
Property and equipment, net 81,321 32,316
Right-of-use assets, operating leases 207,218 182,319
Goodwill 1,886,854 1,110,412
Intangible assets, net 225,032 29,163
Deferred tax assets 81,732 47,804
Other non-current assets 73,478 62,546
Total assets 3,973,578 2,622,776
Current liabilities:    
Accounts payable 188,807 147,436
Accrued compensation 270,924 237,669
Contract liabilities 351,048 241,340
Short-term lease liabilities, operating leases 68,555 57,865
Current portion of long-term debt 12,505 12,504
Current contingent earn-out liabilities 35,902 28,797
Other current liabilities 284,418 190,406
Total current liabilities 1,212,159 916,017
Deferred tax liabilities 71,425 15,161
Long-term debt 906,875 246,250
Long-term lease liabilities, operating leases 163,919 146,285
Non-current contingent earn-out liabilities 40,697 36,769
Other non-current liabilities 125,714 79,157
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at July 2, 2023 and October 2, 2022 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,243 and 52,981 shares at July 2, 2023 and October 2, 2022, respectively 532 530
Additional paid-in capital 17,906 0
Accumulated other comprehensive loss (137,926) (208,144)
Retained earnings 1,572,204 1,390,701
Tetra Tech stockholders’ equity 1,452,716 1,183,087
Noncontrolling interests 73 50
Total stockholders' equity 1,452,789 1,183,137
Total liabilities and stockholders' equity $ 3,973,578 $ 2,622,776