XML 45 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Mergers and Acquisitions (Details)
$ / shares in Units, $ in Thousands
3 Months Ended
Feb. 01, 2017
employee
Jan. 18, 2016
USD ($)
employee
Jan. 01, 2017
USD ($)
$ / shares
Mar. 27, 2016
USD ($)
Dec. 27, 2015
USD ($)
$ / shares
Oct. 02, 2016
USD ($)
Sep. 27, 2015
USD ($)
Mergers and Acquisitions              
Contingent earn-out liability     $ 8,900        
Aggregate maximum of contingent consideration     14,500        
Estimated fair values of the assets acquired and liabilities assumed              
Goodwill     709,739     $ 717,988  
Pro-forma operating results              
Increase (decrease) in contingent consideration     $ 0   $ 1,000    
Gain (loss) on change in contingent consideration         (1,000)    
Earn-out liability             $ 0
Minimum              
Mergers and Acquisitions              
Earn-out period for operating income projection     2 years        
Maximum              
Mergers and Acquisitions              
Earn-out period for operating income projection     3 years        
Coffey              
Mergers and Acquisitions              
Number of employees | employee   3,300          
Aggregate fair value of purchase price   $ 76,100          
Assumed debt   65,100          
Secured bank debt assumed   37,100          
Unsecured corporate bonds assumed   28,000          
Estimated fair values of the assets acquired and liabilities assumed              
Borrowings   $ (65,100)          
INDUS              
Mergers and Acquisitions              
Aggregate fair value of purchase price       $ 18,700      
Cash paid to the sellers       14,000      
Contingent earn-out liability       4,700      
Aggregate maximum of contingent consideration       $ 8,000      
Earn-out period for operating income projection       2 years      
Coffey and INDUS              
Mergers and Acquisitions              
Assumed debt           65,086  
Estimated fair values of the assets acquired and liabilities assumed              
Accounts receivable           71,515  
Other current assets           18,869  
Property and equipment           14,218  
Goodwill           108,323  
Backlog and trade name intangible assets           29,445  
Other assets           747  
Current liabilities           (78,311)  
Borrowings           (65,086)  
Other long-term liabilities           (4,885)  
Net assets acquired           $ 94,835  
Pro-forma operating results              
Revenue     $ 668,851   671,669    
Operating income     39,855   14,238    
Net income attributable to Tetra Tech     $ 26,562   $ 3,016    
Earnings per share attributable to Tetra Tech, Basic (in dollars per share) | $ / shares     $ 0.47   $ 0.05    
Earnings per share attributable to Tetra Tech, Diluted (in dollars per share) | $ / shares     $ 0.46   $ 0.05    
Revenue Contributed     $ 102,300        
Operating income     7,400        
Amortization of intangible assets     $ 2,600        
Coffey and INDUS | Minimum | Backlog and customer relationship              
Estimated fair values of the assets acquired and liabilities assumed              
Useful life of intangible assets     1 year        
Coffey and INDUS | Minimum | Trade names              
Estimated fair values of the assets acquired and liabilities assumed              
Useful life of intangible assets     3 years        
Coffey and INDUS | Maximum | Backlog and customer relationship              
Estimated fair values of the assets acquired and liabilities assumed              
Useful life of intangible assets     5 years        
Coffey and INDUS | Maximum | Trade names              
Estimated fair values of the assets acquired and liabilities assumed              
Useful life of intangible assets     5 years        
Coffey and INDUS | Weighted average | Backlog and customer relationship              
Estimated fair values of the assets acquired and liabilities assumed              
Useful life of intangible assets     3 years        
Eco Logical Australia | Subsequent Event              
Mergers and Acquisitions              
Number of employees | employee 160