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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jul. 27, 2013
Quarterly Financial Data [Abstract]  
Quarterly Financial Data
Quarterly Financial Data (Unaudited)

In the opinion of management, the following unaudited quarterly data from fiscal 2013 and 2012 reflect all adjustments (consisting of normal recurring accruals), which are necessary to present a fair presentation of amounts shown for such periods (the sum of the quarterly results may not equal the reported annual amounts due to rounding). The earnings per common share calculation for each quarter is based on the weighted average shares of common stock outstanding plus the dilutive effect of stock options and restricted share units, if any.
Fiscal 2013:
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(Dollars in thousands, except per share amounts)
Revenues
$
323,286

 
$
369,326

 
$
437,367

 
$
478,632

Costs of earned revenues, excluding depreciation and amortization
$
257,066

 
$
301,516

 
$
357,664

 
$
384,169

Gross profit
$
66,220

 
$
67,810

 
$
79,703

 
$
94,463

Net income
$
11,861

 
$
1,463

 
$
7,199

 
$
14,666

Earnings per common share - Basic
$
0.36

 
$
0.04

 
$
0.22

 
$
0.44

Earnings per common share - Diluted
$
0.35

 
$
0.04

 
$
0.21

 
$
0.43


Fiscal 2012:
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(Dollars in thousands, except per share amounts)
Revenues
$
319,575

 
$
267,407

 
$
296,103

 
$
318,034

Costs of earned revenues, excluding depreciation and amortization
$
255,187

 
$
220,239

 
$
241,386

 
$
252,137

Gross profit
$
64,388

 
$
47,168

 
$
54,717

 
$
65,897

Net income
$
12,966

 
$
3,485

 
$
9,645

 
$
13,282

Earnings per common share - Basic
$
0.39

 
$
0.10

 
$
0.29

 
$
0.40

Earnings per common share - Diluted
$
0.38

 
$
0.10

 
$
0.28

 
$
0.39



For fiscal 2013, the quarterly financial data includes the results of the Acquired Subsidiaries (acquired on December 3, 2012). Additionally, during the fourth quarter of fiscal 2013, the Company acquired Sage and certain assets of a tower construction and maintenance company. The results of operations of these businesses acquired are included in the quarterly financial data above. During the second quarter of fiscal 2013, the Company recognized $6.5 million of pre-tax acquisition costs in connection with the Acquired Subsidiaries and also recognized $0.2 million of pre-tax acquisitions costs during the fourth quarter of fiscal 2013 related to Sage.