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Selected Quarterly Information - Unaudited | 12 Months Ended
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Oct. 02, 2020
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Information - Unaudited | Selected Quarterly Information — Unaudited The following table presents selected quarterly financial information. (in thousands, except for per share amounts):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Fiscal Year
October 2, 2020 |  |  |  |  |  |  |  |  |
Revenues | $ | 3,360,049 |  |  | $ | 3,427,180 |  |  | $ | 3,260,057 |  |  | $ | 3,519,689 |  |  | $ | 13,566,975 |
Operating profit (a) | $ | 151,345 |  | (b) | $ | 167,778 |  | (b) | $ | 194,376 |  | (b) | $ | 22,474 |  | (b) | $ | 535,973 |
Earnings (Loss) from Continuing Operations Before Taxes | $ | 254,169 |  |  | $ | (176,805) |  |  | $ | 303,681 |  |  | $ | 60,158 |  |  | $ | 441,203 |
Net Earnings (Loss) of the Group from Continuing Operations | $ | 185,680 |  |  | $ | (115,683) |  |  | $ | 236,007 |  |  | $ | 79,879 |  |  | $ | 385,883 |
Net Earnings (Loss) Attributable to Jacobs from Continuing Operations | $ | 179,423 |  | (b) | $ | (121,967) |  | (b) | $ | 226,886 |  | (b) | $ | 69,519 |  | (b) | $ | 353,861 |
Net Earnings (Loss) Attributable to Jacobs | $ | 257,010 |  | (b) | $ | (92,087) |  | (b) | $ | 244,929 |  | (b) | $ | 81,993 |  | (b) | $ | 491,845 |
Earnings per share: |  |  |  |  |  |  |  |  |
Basic Net Earnings (Loss) from Continuing Operations Per Share | $ | 1.35 |  |  | $ | (0.92) |  |  | $ | 1.74 |  |  | $ | 0.53 |  |  | $ | 2.69 |
Basic Net Earnings from Discontinued Operations Per Share | $ | 0.58 |  |  | $ | 0.23 |  |  | $ | 0.14 |  |  | $ | 0.10 |  |  | $ | 1.05 |
Basic Earnings (Loss) Per Share | $ | 1.93 |  |  | $ | (0.69) |  |  | $ | 1.88 |  |  | $ | 0.63 |  |  | $ | 3.74 |
Diluted Net Earnings (Loss) from Continuing Operations Per Share | $ | 1.33 |  | (b) | $ | (0.92) |  | (b) | $ | 1.73 |  | (b) | $ | 0.53 |  | (b) | $ | 2.67 |
Diluted Net Earnings (Loss) from Discontinued Operations Per Share | $ | 0.58 |  |  | $ | 0.23 |  |  | $ | 0.14 |  |  | $ | 0.09 |  | (c) | $ | 1.04 |
Diluted Earnings (Loss) Per Share | $ | 1.91 |  |  | $ | (0.69) |  |  | $ | 1.87 |  |  | $ | 0.62 |  |  | $ | 3.71 |
September 27, 2019 |  |  |  |  |  |  |  |  |
Revenues | $ | 3,083,788 |  |  | $ | 3,091,596 |  |  | $ | 3,169,622 |  |  | $ | 3,392,862 |  |  | $ | 12,737,868 |
Operating profit (a) | $ | 113,130 |  | (c) | $ | 102,681 |  | (c) | $ | 89,954 |  | (c) | $ | 99,086 |  | (c) | $ | 404,851 |
Earnings from Continuing Operations Before Taxes | $ | 92,191 |  |  | $ | 111,832 |  |  | $ | 93,399 |  |  | $ | 53,537 |  |  | $ | 350,959 |
Net Earnings of the Group from Continuing Operations | $ | 69,433 |  |  | $ | 119,779 |  |  | $ | 95,380 |  |  | $ | 29,413 |  |  | $ | 314,005 |
Net Earnings Attributable to Jacobs from Continuing Operations | $ | 64,894 |  | (c) | $ | 114,755 |  | (c) | $ | 89,365 |  | (c) | $ | 21,946 |  | (c) | $ | 290,960 |
Net Earnings Attributable to Jacobs | $ | 124,296 |  | (c) | $ | 56,917 |  | (c) | $ | 524,442 |  | (c) | $ | 142,324 |  | (c) | $ | 847,979 |
Earnings per share: |  |  |  |  |  |  |  |  |
Basic Net Earnings from Continuing Operations Per Share | $ | 0.45 |  |  | $ | 0.83 |  |  | $ | 0.65 |  |  | $ | 0.16 |  |  | $ | 2.11 |
Basic Net Earnings (Loss) from Discontinued Operations Per Share | $ | 0.42 |  |  | $ | (0.42) |  |  | $ | 3.18 |  |  | $ | 0.89 |  |  | $ | 4.03 |
Basic Earnings Per Share | $ | 0.87 |  |  | $ | 0.41 |  |  | $ | 3.83 |  |  | $ | 1.06 |  |  | $ | 6.14 |
Diluted Net Earnings from Continuing Operations Per Share | $ | 0.45 |  | (c) | $ | 0.82 |  | (c) | $ | 0.65 |  | (c) | $ | 0.16 |  | (c) | $ | 2.09 |
Diluted Net Earnings (Loss) from Discontinued Operations Per Share | $ | 0.41 |  |  | $ | (0.41) |  |  | $ | 3.15 |  |  | $ | 0.88 |  | (d) | $ | 4.00 |
Diluted Earnings Per Share | $ | 0.86 |  |  | $ | 0.41 |  |  | $ | 3.80 |  |  | $ | 1.04 |  |  | $ | 6.08 |
(a)Operating profit represents revenues less (i) direct costs of contracts and (ii) selling, general and administrative expenses. (b)Includes $85.2 million in operating profit and $(17.7) million in net earnings from continuing operations attributable to Jacobs, or $(0.13) per diluted share from continuing operations in the first quarter of fiscal 2020; includes $68.7 million in operating profit, $308.2 million in net loss from continuing operations attributable to Jacobs, or $2.31 per diluted share from continuing operations in the second quarter of fiscal 2020; includes $44.6 million in operating profit and $(61.6) million in net earnings from continuing operations attributable to Jacobs, or $(0.47) per diluted share from continuing operations in the third quarter of fiscal 2020; includes $235.4 million in operating profit and $144.8 million in both net earnings from continuing operations attributable to Jacobs, and net earnings attributable to Jacobs, or $1.10 per diluted share in the fourth quarter of fiscal 2020 related to restructuring, transaction and other charges (including the Company's fourth quarter fiscal 2020 transformation initiatives relating to real estate and other staffing programs), amortization of intangibles and fair value adjustments related to our investment in Worley stock (net of Worley stock dividend) and certain foreign currency revaluations relating to ECR sale. On a year to date basis, impacts on net earnings from continuing operations attributable to Jacobs were (i) $248.2 million in restructuring, transaction and other charges (includes $146.6 million related to charges for the Company's fourth quarter fiscal 2020 transformation initiatives relating to real estate and other staffing programs,), (ii) $68.3 million of intangible asset amortization and (iii) $56.9 million in fair value adjustments related to our investment in Worley stock (net of Worley stock dividend) and certain foreign currency revaluations relating to the ECR sale. (c)Includes $47.2 million in operating profit and $46.8 million in net earnings from continuing operations attributable to Jacobs, or $0.33 per diluted share from continuing operations in the first quarter of fiscal 2019; includes $119.0 million in operating profit, $50.8 million in net earnings from continuing operations attributable to Jacobs, or $0.36 per diluted share from continuing operations in the second quarter of fiscal 2019; includes $142.8 million in operating profit and $103.8 million in net earnings from continuing operations attributable to Jacobs, or $0.75 per diluted share from continuing operations in the third quarter of fiscal 2019; includes $154.2 million in operating profit, $179.3 million in both net earnings from continuing operations attributable to Jacobs and net earnings attributable to Jacobs, or $1.32 per diluted share in the fourth quarter of fiscal 2019 related to restructuring, transaction and other charges, amortization of intangibles and fair value adjustments related to our investment in Worley stock (net of Worley stock dividend) and certain foreign currency revaluations relating to the ECR sale. On a year to date basis, impacts on net earnings from continuing operations attributable to Jacobs were (i) $259.8 million in restructuring, transaction and other charges, (ii) $59.0 million of intangible asset amortization and (iii) $48.6 million in fair value adjustments related to our investment in Worley stock (net of Worley stock dividend) and certain foreign currency revaluations relating to the ECR sale. (d)For the three-month period ended September 27, 2019, diluted net earnings (loss) per share from discontinued operations included $89.7 million related to revisions to previous income tax expense estimates, $17.4 million in finalization of the pre-tax gain on the sale of our ECR business and $9.8 million related to the difference between Nui Phao loss contingency as originally recorded and fourth quarter 2019 settlement amount.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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