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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2023
Oct. 02, 2022
Current assets:    
Cash and cash equivalents $ 168,831 $ 185,094
Accounts receivable, net 974,535 755,112
Contract assets 113,939 92,405
Prepaid expenses and other current assets 89,096 115,400
Income taxes receivable 9,623 10,205
Total current assets 1,356,024 1,158,216
Property and equipment, net 74,832 32,316
Right-of-use assets, operating leases 175,932 182,319
Goodwill 1,880,244 1,110,412
Intangible assets, net 173,936 29,163
Deferred tax assets 89,002 47,804
Other non-current assets 70,507 62,546
Total assets 3,820,477 2,622,776
Current liabilities:    
Accounts payable 173,271 147,436
Accrued compensation 302,755 237,669
Contract liabilities 335,044 241,340
Short-term lease liabilities, operating leases 65,005 57,865
Current portion of long-term debt 0 12,504
Current contingent earn-out liabilities 51,108 28,797
Other current liabilities 280,959 190,406
Total current liabilities 1,208,142 916,017
Deferred tax liabilities 14,256 15,161
Long-term debt 879,529 246,250
Long-term lease liabilities, operating leases 144,685 146,285
Non-current contingent earn-out liabilities 22,314 36,769
Other non-current liabilities 148,045 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 October 1, 2023 and October 2, 2022 0 0
Common stock – Authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,248 and 52,981 shares at October 1, 2023 and October 2, 2022, respectively 532 530
Additional paid-in capital 0 0
Accumulated other comprehensive loss (195,295) (208,144)
Retained earnings 1,598,196 1,390,701
Tetra Tech stockholders' equity 1,403,433 1,183,087
Noncontrolling interests 73 50
Total stockholders' equity 1,403,506 1,183,137
Total liabilities and stockholders' equity $ 3,820,477 $ 2,622,776