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Subsequent Events | 9 Months Ended
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Jun. 30, 2024
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On July 29, 2024, our Board of Directors declared a quarterly cash dividend of $0.29 per share payable on August 30, 2024 to stockholders of record as of the close of business on August 15, 2024. On July 29, 2024, our Board of Directors also approved a five-for-one stock split of our common stock. The split will be effected through an amendment to our Restated Certificate of Incorporation, which will result in a proportionate increase in the number of shares of authorized common stock. The stock split is intended to make shares more accessible to a broader base of investors and enhance liquidity in the trading of Tetra Tech’s shares. Each record holder of common stock as of the close of market on September 5, 2024, will receive four additional shares of common stock. The stock split is expected to be effective after close of trading on September 6, 2024. Trading is expected to commence on a split-adjusted basis at market open on September 9, 2024. The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the stock split as if it had been effective for all periods presented:
| Pro Forma (Unaudited)
| Three Months Ended |  | Nine Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Net income attributable to Tetra Tech | $ | 85,810 |  |  | $ | 60,235 |  |  | $ | 237,228 |  |  | $ | 219,771 |
Weighted-average common shares outstanding - basic | 267,575 |  |  | 266,155 |  |  | 267,255 |  |  | 265,940 |
Effect of dilutive stock options and unvested restricted stock | 2,165 |  |  | 2,110 |  |  | 2,075 |  |  | 2,135 |
Shares issuable assuming conversion of convertible notes | 520 |  |  | — |  |  | 175 |  |  | — |
Weighted-average common shares outstanding - diluted | 270,260 |  |  | 268,265 |  |  | 269,505 |  |  | 268,075 |
Earnings per share attributable to Tetra Tech: |  |  |  |  |  |  |
Basic | $ | 0.32 |  |  | $ | 0.23 |  |  | $ | 0.89 |  |  | $ | 0.83 |
Diluted | $ | 0.32 |  |  | $ | 0.22 |  |  | $ | 0.88 |  |  | $ | 0.82 |
This forward stock split will trigger adjustments to the share-based ratios related to our Convertible Notes and Capped Call Transactions, se e Note 15, “Long-Term Debt” of the “Notes to Consolidated Financial Statements”.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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