Mergers and Acquisitions (Tables)

6 Months Ended

Apr. 02, 2017

Mergers and Acquisitions

Summary of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the respective acquisition dates for our acquisitions completed in fiscal 2016 (in thousands):

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

Summary of pro-forma operating results

	Pro-Forma
	Six Months Ended
	April 2, 2017		March 27, 2016
	(in thousands, except per share data)
Revenue	$	1,332,632	$	1,319,281
Operating income	82,811		62,766
Net income attributable to Tetra Tech	53,424		39,526
Earnings per share attributable to Tetra Tech
Basic	$	0.93	$	0.67
Diluted	$	0.92	$	0.67

Summary of acquisition and integration expenses

Acquisition and integration expenses for the three and six months ended March 27, 2016 in the accompanying condensed consolidated statements of income are comprised of the following:

	Amount
	(in thousands)
Severance including change in control payments	$	7,280
Professional services	5,685
Real estate-related	2,946
Total	$	15,911