XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Quarterly Financial Information - Unaudited | 12 Months Ended
--- | ---
Oct. 03, 2021
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information - Unaudited | Quarterly Financial Information – Unaudited In the opinion of management, the followin g unaudited quarte rly data for the fiscal years ended October 3, 2021 and September 27, 2020 reflect all adjustments necessary for a fair statement of the results of operations. In the fourth quarter of fiscal 2021 we recognized a non-recurring net tax benefit of $21.6 million primarily consisting of valuation allowances in the United Kingdom that were released due to sufficient positive evidence being obtained. In the second quarter of fiscal 2020, we incurred incremental costs totaling $8.2 million to address the COVID-19 pandemic. In the fourth quarter of fiscal 2020, we recorded adjustments to our contingent earn-out liabilities and reported related net gains in operating income of $13.5 million. Additionally, we recorded a $15.8 million goodwill impairment charge related to the ASP reporting unit, which is in our CIG segment. We sold non-core equipment related to the disposal of our Canadian turn-key pipeline activities throughout fiscal 2020 which resulted in gains of $0.8 million, $2.2 million, $4.5 million, and $1.0 million in the first, second, third, and fourth quarters of fiscal 2020, respectively.
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (in thousands, except per share data)
Fiscal Year 2021 |  |  |  |  |  |  |
Revenue | $ | 765,104 |  |  | $ | 754,764 |  |  | $ | 801,633 |  |  | $ | 892,012 |
Income from operations | 66,252 |  |  | 60,807 |  |  | 69,807 |  |  | 81,836 |
Net income attributable to Tetra Tech | 52,436 |  |  | 45,517 |  |  | 51,903 |  |  | 82,954 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 0.97 |  |  | $ | 0.84 |  |  | $ | 0.96 |  |  | $ | 1.54 |
Diluted | $ | 0.96 |  |  | $ | 0.83 |  |  | $ | 0.95 |  |  | $ | 1.52 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 53,927 |  |  | 54,187 |  |  | 54,117 |  |  | 54,019 |
Diluted | 54,637 |  |  | 54,736 |  |  | 54,666 |  |  | 54,597 |
Fiscal Year 2020 |  |  |  |  |  |  |
Revenue | $ | 797,623 |  |  | $ | 734,133 |  |  | $ | 709,771 |  |  | $ | 753,364 |
Income from operations | 63,302 |  |  | 47,530 |  |  | 63,525 |  |  | 66,735 |
Net income attributable to Tetra Tech | 47,310 |  |  | 36,397 |  |  | 45,497 |  |  | 44,654 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 0.87 |  |  | $ | 0.67 |  |  | $ | 0.84 |  |  | $ | 0.83 |
Diluted | $ | 0.85 |  |  | $ | 0.66 |  |  | $ | 0.83 |  |  | $ | 0.82 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 54,560 |  |  | 54,699 |  |  | 53,985 |  |  | 53,841 |
Diluted | 55,438 |  |  | 55,463 |  |  | 54,692 |  |  | 54,603 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration