v3.26.1
Reportable Segments (Tables)
6 Months Ended
Mar. 29, 2026
Segment Reporting [Abstract]  
Summary of financial information of reportable segments The tables below present financial information of our reportable segments (in thousands):
Three Months EndedThree Months Ended
March 29, 2026March 30, 2025
GSGCIGTotalGSGCIGTotal
Revenue from external customers$551,364 $668,793 $1,220,157 $693,645 $628,468 $1,322,113 
Inter-segment revenue7,987 7,330 15,317 5,228 9,218 14,446 
Segment revenue559,351 676,123 1,235,474 698,873 637,686 1,336,559 
Elimination of inter-segment revenue(15,317)(14,446)
Total consolidated revenue1,220,157 1,322,113 
Subcontractor costs - external(93,558)(76,966)(170,524)(125,350)(93,058)(218,408)
Subcontractor costs - inter-segment(7,330)(7,987)(15,317)(9,218)(5,228)(14,446)
Segment subcontractor costs(100,888)(84,953)(185,841)(134,568)(98,286)(232,854)
Elimination of inter-segment subcontractor costs15,317 14,446 
Total consolidated subcontractor costs(170,524)(218,408)
Other segment items (1)
(383,610)(519,117)(902,727)(484,529)(470,302)(954,831)
Segment operating income74,853 72,053 146,906 79,776 69,098 148,874 
Reconciliation of profit (segment operating income):
Other non-operating income4,651 — 
Impairment of goodwill— (92,416)
Contingent consideration - fair value adjustments58 1,931 
Interest expense, net(8,838)(8,491)
Other corporate expenses (2)
(15,441)(18,786)
Income before income tax expense$127,336 $31,112 
(1) These amounts include $0.8 million and $0.9 million of GSG depreciation expense for the second quarters of fiscal 2026 and 2025, respectively, and $4.7 million and $4.3 million of CIG depreciation expense for the second quarters of fiscal 2026 and 2025, respectively. Additionally, our GSG other segment items include the equity in the net income of investees accounted for by the equity method of $(0.1) million and $0.3 million for the second quarters of fiscal 2026 and 2025, respectively. Our CIG other segment items also reflect the equity in the net income of investees accounted for by the equity method of $0.6 million and $0.9 million for the second quarters of fiscal 2026 and 2025, respectively.
(2) Other corporate expenses include the amortization expense of intangible assets of $8.8 million and $8.6 million for the second quarters of fiscal 2026 and 2025, respectively. These amounts also include $5.8 million and $5.0 million of stock-based compensation expense for the second quarters of fiscal 2026 and 2025, respectively.
Six Months EndedSix Months Ended
March 29, 2026March 30, 2025
GSGCIGTotalGSGCIGTotal
Revenue from external customers$1,064,842 $1,365,978 $2,430,820 $1,477,626 $1,265,048 $2,742,674 
Inter-segment revenue20,017 14,322 34,339 12,599 17,540 30,139 
Segment revenue1,084,859 1,380,300 2,465,159 1,490,225 1,282,588 2,772,813 
Elimination of inter-segment revenue(34,339)(30,139)
Total consolidated revenue2,430,820 2,742,674 
Subcontractor costs - external(179,971)(164,040)(344,011)(261,006)(180,633)(441,639)
Subcontractor costs - inter-segment(14,322)(20,017)(34,339)(17,540)(12,599)(30,139)
Segment subcontractor costs(194,293)(184,057)(378,350)(278,546)(193,232)(471,778)
Elimination of inter-segment subcontractor costs34,339 30,139 
Total consolidated subcontractor costs(344,011)(441,639)
Other segment items (1)
(744,296)(1,045,272)(1,789,568)(1,039,983)(951,219)(1,991,202)
Segment operating income146,270 150,971 297,241 171,696 138,137 309,833 
Reconciliation of profit (segment operating income):
Other non-operating income12,361 — 
Legal contingency costs— (115,000)
Impairment of goodwill— (92,416)
Contingent consideration - fair value adjustments7,506 2,297 
Interest expense, net(15,966)(15,709)
Other corporate expenses (2)
(32,230)(42,585)
Income before income tax expense$268,912 $46,420 
(1) For the first six months of fiscal 2026 and 2025 these amounts include $1.6 million and $1.8 million of GSG depreciation expense, respectively, and $9.4 million and $8.7 million of CIG depreciation expense for the first six months of fiscal 2026 and 2025, respectively. Additionally, our GSG other segment items include the equity in the net income of investees accounted for by the equity method of $0.1 million and $0.7 million for the first halves of fiscal 2026 and 2025, respectively. Our CIG other segment items also reflect the equity in the net income of investees accounted for by the equity method of $1.0 million and $1.3 million for the first halves of fiscal 2026 and 2025, respectively.
(2) For the first halves of fiscal 2026 and 2025 other corporate expenses include the amortization expense of intangible assets of $17.2 million and $19.3 million, respectively. These amounts also include $10.8 million and $9.8 million of stock-based compensation expense for the first halves of fiscal 2026 and 2025, respectively.