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Other Current Assets and Other Assets
3 Months Ended
Apr. 27, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets and Other Assets
Other Current Assets and Other Assets
 
Other current assets consisted of the following (dollars in thousands):
 
April 27, 2019
 
January 26, 2019
Prepaid expenses
$
20,045

 
$
12,758

Deposits and other current assets
14,137

 
14,762

Insurance recoveries/receivables for accrued insurance claims
2,100

 

Restricted cash
1,556

 
1,556

Receivables on equipment sales
404

 
69

Total other current assets
$
38,242

 
$
29,145



Other assets (long-term) consisted of the following (dollars in thousands):
 
April 27, 2019
 
January 26, 2019
Long-term contract assets
$
28,368

 
$
30,399

Deferred financing costs
8,534

 
9,036

Restricted cash
3,753

 
4,253

Insurance recoveries/receivables for accrued insurance claims
5,007

 
13,684

Long-term accounts receivable, net

 
24,815

Other non-current deposits and assets
7,122

 
7,251

Total other assets
$
52,784

 
$
89,438


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 three months ended April 27, 2019, total insurance recoveries/receivables decreased approximately $6.6 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.

Long-term accounts receivable, net of allowance for doubtful accounts, represent trade receivables due from Windstream Holdings, Inc. as of January 26, 2019. During the quarter ended April 27, 2019 the Company collected a substantial portion of these accounts receivable. Amounts remaining to be collected are included in current accounts receivable, net as of April 27, 2019. See Note 6, Accounts Receivable, Contract Assets, and Contract Liabilities, for information on the Company’s current accounts receivable, net and contract assets as of April 27, 2019.