Accounts Receivable

6 Months Ended

Jan. 28, 2017

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable consisted of the following (dollars in thousands):

	January 28, 2017			July 30, 2016
Contract billings	$	279,441		$	297,532
Retainage	30,733			32,101
Total	310,174			329,633
Less: allowance for doubtful accounts	(1,307		)	(1,603		)
Accounts receivable, net	$	308,867		$	328,030

The Company grants credit under normal payment terms, generally without collateral, to its customers. The Company expects to collect the outstanding balance of accounts receivable, net (including retainage) within the next twelve months. The Company maintains an allowance for doubtful accounts for estimated losses on uncollected balances. During the three and six months endedJanuary 28, 2017 and January 23, 2016, write-offs to the allowance for doubtful accounts, net of recoveries, were not material. There were no material accounts receivable amounts representing claims or other similar items subject to uncertainty as of January 28, 2017 or July 30, 2016.

During the fourth quarter of fiscal 2016, the Company entered into a customer-sponsored vendor payment program. All eligible accounts receivables from this customer are included in the program and payment is received pursuant to a non-recourse sale to a bank partner of the customer. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. The Company incurs a discount fee to the bank on the payments received that is reflected as an expense component in other income, net, in the condensed consolidated statements of operations. The program has not changed since its inception during the fourth quarter of fiscal 2016.