2 unchanged sentences
Our common stock is traded on the NASDAQ Global Select Market under the symbol TTEK.
−Removed: There were approximately 1,300 stockholders of record at September 29, 2019.
+Added: There were approximately 1,200 stockholders o f record at September 27, 2020.
Stock-Based Compensation
1 unchanged sentence
Performance Graph
−Removed: The following graph shows a comparison of our cumulative total returns with those of the NASDAQ Market Index, the Standard & Poor's ("S&P") 1000 Index, and the S&P 1500 Construction and Engineering ("C&E") Index.
−Removed: Starting in fiscal 2020, we plan to remove the S&P 1500 C&E Index, as companies in this index are no longer representative of our peer group.
+Added: The following graph shows a comparison of our cumulative total returns with those of the NASDAQ Market Index and the Standard & Poor's ("S&P") 1000 Index.
At this time, we do not have a comparable peer group due to the combination of our differentiated high-end consulting services and our end-markets.
3 unchanged sentences
We declared and paid dividends totaling $0.54, $0.44, $0.38 and $0.34 per share in fiscal 2019, 2018, 2017 and 2016, respectively.
−Removed: We did not pay any dividends prior to fiscal 2014.
The comparison in the graph below is based on historical data and is not intended to forecast the possible future performance of our common stock.
2 unchanged sentences
FISCAL YEAR ENDED SEPTEMBER 27, 2020
+Added: 2015 2016 2017 2018 2019 2020
Tetra Tech, Inc.
+Added: $ 100.00 $ 144.01 $ 190.68 $ 282.06 $ 353.67 $ 382.89
NASDAQ Market Index 100.00 114.80 141.98 177.72 177.31 246.08
−Removed: S&P 1500 C&E Index
S&P 1000 Index 100.00 114.43 135.72 157.02 148.93 140.29
−Removed: The performance graph above and related text are being furnished solely to accompany this annual report on Form 10-K pursuant to Item 201(e) of Regulation S-K, and are not being filed for purposes of Section 18 of the Exchange Act, and are not
−Removed: to be incorporated by reference into any of our filings with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
+Added: The performance graph above and related text are being furnished solely to accompany this annual report on Form 10-K pursuant to Item 201(e) of Regulation S-K, and are not being filed for purposes of Section 18 of the Exchange Act, and are not to be incorporated by reference into any of our filings with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Stock Repurchase Program
−Removed: On November 5, 2018, our Board of Directors authorized a new stock repurchase program under which we could repurchase up to $200 million of our common stock.
−Removed: This was in addition to the $25 million remaining as of fiscal 2018 year-end under the previous stock repurchase program.
−Removed: In fiscal 2018, we repurchased through open market purchases under the previous program a total of 1,491,569 shares at an average price of $50.28 for a total cost of $75 million.
−Removed: In the first quarter of fiscal 2019, we expended the remaining $25 million under the previous program by repurchasing 430,559 shares through open market purchases at an average price of $58.06.
−Removed: In the second, third and fourth quarters of fiscal 2019, we repurchased through open market purchases under the new program a total of 1,131,962 shares at an average price of $66.26 for a total cost of $75 million.
−Removed: A summary of the repurchase activity for the 12 months ended September 29, 2019 is as follows:
−Removed: Average Price
−Removed: Paid per Share
+Added: On November 5, 2018, the Board of Directors authorized a stock repurchase program ("2019 Program") under which we could repurchase up to $200 million of our common stock.
+Added: This was in addition to the $25 million remaining as of fiscal 2018 year-end under the previous stock repurchase program ("2018 Program").
+Added: On January 27, 2020, the Board of Directors authorized a new $200 million stock repurchase program ("2020 Program").
+Added: As of September 27, 2020, we had a remaining balance of $207.8 million a vailable under the 2019 and 2020 programs.
+Added: The following table summarizes stock repurchases in the open market and settled in fiscal 2019 and fiscal 2020:
+Added: Fiscal Year Stock Repurchase Program Shares Repurchased Average Price Paid
+Added: per Share Total Cost
+Added: (in thousands)
+Added: 2019 2018 Program 430,559 $ 58.06 $ 25,000
+Added: 2019 2019 Program 1,131,962 66.26 75,000
+Added: 2019 Total 1,562,521 $ 64.00 $ 100,000
+Added: 2020 2019 Program 1,508,747 $ 77.67 $ 117,188
+Added: Below is a summary of the stock repurchases that were traded and settled during the 12 months ended September 27, 2020 under the 2019 Program:
+Added: Period Total Number
+Added: Purchased Average Price
+Added: Paid per Share Total Number
Part of Publicly
+Added: Programs Maximum
Programs (in thousands)
−Removed: October 1, 2018 - October 28, 2018
+Added: September 30, 2019 - October 27, 2019 87,614 $ 85.25 87,614 $ 117,532
October 28, 2019 - November 24, 2019 88,030 87.80 88,030 109,803
3 unchanged sentences
February 24, 2020 - March 29, 2020 709,250 71.72 709,250 43,341
−Removed: April 1, 2019 - April 28, 2019
+Added: March 30, 2020 - April 26, 2020 130,436 72.23 130,436 33,920
April 27, 2020 - May 24, 2020 71,320 72.99 71,320 28,714
May 25, 2020 - June 28, 2020 75,239 78.44 75,239 22,813
−Removed: July 1, 2019 - July 28, 2019
+Added: June 29, 2020 - July 26, 2020 55,466 79.68 55,466 18,394
July 27, 2020 - August 23, 2020 42,881 90.47 42,881 14,514
6 unchanged sentences
2020 September 29,
−Removed: September 27, 2015
+Added: 2019 September 30, 2018 October 1, 2017 October 2, 2016
(in thousands, except per share data)
Statements of Operations Data
+Added: Revenue $ 2,994,891 $ 3,107,348 $ 2,964,148 $ 2,753,360 $ 2,583,469
Income from operations 241,091 188,762 190,086 183,342 135,855
Net income attributable to Tetra Tech 173,859 158,668 136,883 117,874 83,783
−Removed: Diluted net income attributable to Tetra Tech per share
+Added: Earnings per share 3.16 2.84 2.42 2.04 1.42
Cash dividends paid per share 0.64 0.54 0.44 0.38 0.34
−Removed: Balance Sheet Data
+Added: Balance Sheets Data
+Added: Total assets $ 2,378,558 $ 2,147,408 $ 1,959,421 $ 1,902,745 $ 1,800,779
Long-term debt, net of current portion 242,395 263,934 264,627 341,072 331,437
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.