Other Current Assets and Other Assets

Other current assets consisted of the following (dollars in thousands):



	October 27, 2018		January 27, 2018
Prepaid expenses	$	16,957	$	13,167
Insurance recoveries/receivables for accrued insurance claims	—		13,701
Receivables on equipment sales	672		31
Deposits and other current assets, including restricted cash	16,381		12,811
Total other current assets	$	34,010	$	39,710

Other assets (long-term) consisted of the following (dollars in thousands):



	October 27, 2018		January 27, 2018
Deferred financing costs	$	9,504	$	3,873
Restricted cash	5,253		5,253
Insurance recoveries/receivables for accrued insurance claims	9,776		6,722
Long-term contract assets	32,014		5,486
Other non-current deposits and assets	7,134		6,856
Total other assets	$	63,681	$	28,190

Insurance recoveries/receivables represent the amount of accrued insurance claims that are covered by insurance as the amounts exceed the Company’s loss retention. During the nine months ended October 27, 2018, total insurance recoveries/receivables decreased approximately $10.6 million primarily due to the settlement of claims.

Long-term contract assets represent payments made to customers pursuant to long-term agreements and are recognized as a reduction of contract revenues over the period for which the related services are provided to the customers. During the nine months ended October 27, 2018, long-term contract assets increased approximately $26.5 million primarily due to a long-term customer agreement entered into during fiscal 2019.