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Quarterly Financial Information – Unaudited | 12 Months Ended
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Oct. 01, 2023
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 2023 and 2022 reflect all adjustments necessary for a fair statement of the results of operations (in thousands, except per share data). In the fourth quarter of fiscal 2022 and in the first and second quarters of fiscal 2023, we recognized a $19.9 million, $68.0 million and $21.4 million, respectively, of unrea lized gain on a foreign currency forward contract related to the planned acquisition of RPS. We also recorded a $16.4 million of a non-cash impairment charge related to our ROU operating lease assets in the fourth quarter of fiscal 2023 (see Note 10, "Leases" for more information). Additionally, we incurred $33.2 million of acquisition and integration expenses in fiscal 2023 (largely comprised of $19.9 million in the second quarter and $7.3 million in fourth quarter) as described in Note 5, "Acquisitions".
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal Year 2023 |  |  |  |  |  |  |
Revenue | $ | 894,766 |  |  | $ | 1,158,226 |  |  | $ | 1,208,947 |  |  | $ | 1,260,611 |
Income from operations | 92,050 |  |  | 61,011 |  |  | 97,675 |  |  | 107,377 |
Net income attributable to Tetra Tech | 116,706 |  |  | 42,830 |  |  | 60,235 |  |  | 53,649 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 2.20 |  |  | $ | 0.80 |  |  | $ | 1.13 |  |  | $ | 1.01 |
Diluted | $ | 2.18 |  |  | $ | 0.80 |  |  | $ | 1.12 |  |  | $ | 1.00 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 53,069 |  |  | 53,227 |  |  | 53,231 |  |  | 53,247 |
Diluted | 53,529 |  |  | 53,627 |  |  | 53,653 |  |  | 53,702 |
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 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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