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Quarterly Financial Information – Unaudited | 12 Months Ended
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Oct. 02, 2022
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 2, 2022 and October 3, 2021 reflect all adjustments necessary for a fair statement of the results of operations. In the fourth quarter of fiscal 2022, we recognized a $19.9 million unrea lized gain on a foreign currency forward contract related to the planned acquisition of RPS. 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.
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (in thousands, except per share data)
Fiscal Year 2022 |  |  |  |  |  |  |
Revenue | $ | 858,510 |  |  | $ | 852,744 |  |  | $ | 890,231 |  |  | $ | 902,562 |
Income from operations | 87,220 |  |  | 74,520 |  |  | 83,905 |  |  | 94,802 |
Net income attributable to Tetra Tech | 68,489 |  |  | 53,040 |  |  | 58,650 |  |  | 82,947 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 1.27 |  |  | $ | 0.99 |  |  | $ | 1.10 |  |  | $ | 1.56 |
Diluted | $ | 1.25 |  |  | $ | 0.98 |  |  | $ | 1.09 |  |  | $ | 1.55 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 53,937 |  |  | 53,834 |  |  | 53,507 |  |  | 53,148 |
Diluted | 54,577 |  |  | 54,346 |  |  | 54,006 |  |  | 53,667 |
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 |

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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 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
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