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Quarterly Financial Data (Unaudited) (Tables)
 6 Months Ended
Jan. 27, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
(dollars in thousands, except per share amounts).
 
Quarter Ended
2018 Transition Period(1):
First Quarter
 
Second Quarter
Contract revenues
$
756,215

 
$
655,133

Costs of earned revenues, excluding depreciation and amortization
$
600,847

 
$
540,633

Gross profit
$
155,368

 
$
114,500

Net income
$
28,776

 
$
40,059

Earnings per common share - Basic
$
0.93

 
$
1.29

Earnings per common share - Diluted
$
0.90

 
$
1.24


 
Quarter Ended
Fiscal 2017:
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Contract revenues
$
799,223

 
$
701,131

 
$
786,338

 
$
780,188

Costs of earned revenues, excluding depreciation and amortization
$
614,990

 
$
561,371

 
$
621,475

 
$
606,898

Gross profit
$
184,233

 
$
139,760

 
$
164,863

 
$
173,290

Net income
$
51,050

 
$
23,663

 
$
38,796

 
$
43,708

Earnings per common share - Basic
$
1.62

 
$
0.75

 
$
1.24

 
$
1.41

Earnings per common share - Diluted
$
1.59

 
$
0.74

 
$
1.22

 
$
1.38


 
Quarter Ended
Fiscal 2016:
First Quarter(2)
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Contract revenues
$
659,268

 
$
559,470

 
$
664,645

 
$
789,159

Costs of earned revenues, excluding depreciation and amortization
$
506,978

 
$
450,284

 
$
520,408

 
$
605,909

Gross profit
$
152,290

 
$
109,186

 
$
144,237

 
$
183,250

Net income
$
30,824

 
$
15,473

 
$
33,083

 
$
49,360

Earnings per common share - Basic
$
0.94

 
$
0.47

 
$
1.02

 
$
1.57

Earnings per common share - Diluted
$
0.91

 
$
0.46

 
$
1.00

 
$
1.54


(1) The second quarter of the 2018 transition period includes an income tax benefit associated with Tax Reform of approximately $32.2 million. This benefit primarily resulted from the re-measurement of the Company’s net deferred tax liabilities at a lower U.S. federal corporate income tax rate. The 2018 transition period also includes an income tax benefit of approximately $7.8 million for the tax effects of the vesting and exercise of share-based awards as a result of the application of ASU 2016-09. See Note 12, Income Taxes, for additional information regarding these tax benefits.

(2) During the first quarter of fiscal 2016, the Company incurred a pre-tax charge of approximately $16.3 million for early extinguishment of debt in connection with the redemption of the Company’s 7.125% senior subordinated notes. See Note 11, Debt, for additional information regarding the Company’s debt transactions.