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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jan. 26, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
The sum of the quarterly results may not equal the reported annual amounts due to rounding (dollars in thousands, except per share amounts).
 
Quarter Ended
Fiscal 2019
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter(1)
Contract revenues
$
731,375

 
$
799,470

 
$
848,237

 
$
748,619

Costs of earned revenues, excluding depreciation and amortization
$
599,573

 
$
642,376

 
$
687,164

 
$
633,279

Gross profit
$
131,802

 
$
157,094

 
$
161,073

 
$
115,340

Net income (loss)
$
17,231

 
$
29,900

 
$
27,830

 
$
(12,054
)
Earnings (loss) per common share - Basic
$
0.55

 
$
0.96

 
$
0.89

 
$
(0.38
)
Earnings (loss) per common share - Diluted(2)
$
0.53

 
$
0.94

 
$
0.87

 
$
(0.38
)

 
Quarter Ended
2018 Transition Period(3):
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


(1)On February 25, 2019, Windstream filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. As of January 26, 2019, the Company had receivables and contract assets in aggregate of approximately $45.0 million. Against this amount, the Company has recorded a non-cash charge of $17.2 million reflecting its current evaluation of recoverability of these receivables and contract assets as of January 26, 2019.

(2) Loss per common diluted share for the fourth quarter of fiscal 2019 excludes the effect of common stock equivalents related to share-based awards as their effect would be anti-dilutive.

(3) 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. See Note 14, Income Taxes, for additional information regarding these tax benefits.