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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Revenue $ 1,208,947 $ 890,231 $ 3,261,938 $ 2,601,485
Gross profit 188,846 144,584 512,937 419,524
Selling, general and administrative expenses (89,064) (60,942) (227,912) (173,943)
Acquisition and integration expenses (2,107) 0 (25,812) 0
Contingent consideration – fair value adjustments 0 263 (8,477) 64
Income from operations 97,675 83,905 250,736 245,645
Interest expense, net (14,869) (2,919) (33,563) (8,967)
Other non-operating income 0 0 89,402 0
Income before income tax expense 82,806 80,986 306,575 236,678
Income tax expense (22,568) (22,329) (86,781) (56,473)
Net income 60,238 58,657 219,794 180,205
Net income attributable to noncontrolling interests (3) (7) (23) (26)
Net income attributable to Tetra Tech, basic 60,235 58,650 219,771 180,179
Net income attributable to Tetra Tech, diluted $ 60,235 $ 58,650 $ 219,771 $ 180,179
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 1.13 $ 1.10 $ 4.13 $ 3.35
Diluted (in dollars per share) $ 1.12 $ 1.09 $ 4.10 $ 3.32
Weighted-average common shares outstanding:        
Basic (in shares) 53,231 53,507 53,188 53,777
Diluted (in shares) 53,653 54,006 53,615 54,328
Subcontractor costs        
Cost of revenue $ (221,387) $ (169,745) $ (568,252) $ (502,024)
Other costs of revenue        
Cost of revenue $ (798,714) $ (575,902) $ (2,180,749) $ (1,679,937)