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Quarterly Financial Information – Unaudited | 12 Months Ended
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Sep. 29, 2024
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 2024 and 2023 reflect all adjustments necessary for a fair statement of the results of operations (in thousands, except per share data). In the first and second quarters of fiscal 2023, we recognized $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 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 2024 |  |  |  |  |  |  |
Revenue | $ | 1,228,267 |  |  | $ | 1,251,616 |  |  | $ | 1,344,323 |  |  | $ | 1,374,473 |
Income from operations | 111,081 |  |  | 117,683 |  |  | 128,630 |  |  | 143,343 |
Net income attributable to Tetra Tech | 74,972 |  |  | 76,446 |  |  | 85,810 |  |  | 96,154 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.29 |  |  | $ | 0.32 |  |  | $ | 0.36 |
Diluted | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | 0.32 |  |  | $ | 0.35 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 266,585 |  |  | 267,420 |  |  | 267,575 |  |  | 267,687 |
Diluted | 268,690 |  |  | 269,375 |  |  | 270,260 |  |  | 271,656 |
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 | $ | 0.44 |  |  | $ | 0.16 |  |  | $ | 0.23 |  |  | $ | 0.20 |
Diluted | $ | 0.44 |  |  | $ | 0.16 |  |  | $ | 0.22 |  |  | $ | 0.20 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic | 265,345 |  |  | 266,135 |  |  | 266,155 |  |  | 266,235 |
Diluted | 267,645 |  |  | 268,135 |  |  | 268,265 |  |  | 268,510 |

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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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