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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 26, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)

In the opinion of management, the following unaudited quarterly financial data from fiscal 2020 and fiscal 2019 reflect all adjustments (consisting of normal recurring accruals), which are necessary to present a fair presentation of amounts shown for such periods. Our fiscal year consists of either 52 weeks or 53 weeks of operations with the additional week of operations occurring in the fourth quarter. Fiscal 2020 and fiscal 2019 each consisted of 52 weeks of operations. 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 2020
First Quarter (2)
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Contract revenues
$
833,743

 
$
884,221

 
$
884,115

 
$
737,603

Costs of earned revenues, excluding depreciation and amortization
$
701,767

 
$
720,382

 
$
724,378

 
$
633,203

Gross profit
$
131,976

 
$
163,839

 
$
159,737

 
$
104,400

Net income (loss)
$
14,279

 
$
29,896

 
$
24,229

 
$
(11,189
)
Earnings (loss) per common share - Basic
$
0.45

 
$
0.95

 
$
0.77

 
$
(0.35
)
Earnings (loss) per common share - Diluted(3)
$
0.45

 
$
0.94

 
$
0.76

 
$
(0.35
)

 
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(3)
$
0.53

 
$
0.94

 
$
0.87

 
$
(0.38
)

(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 recorded a non-cash charge of $17.2 million reflecting its evaluation of recoverability of these receivables and contract assets as of January 26, 2019.

(2) During the first quarter of fiscal 2020, we recovered $10.3 million of the previously reserved accounts receivable and contract assets related to Windstream.

(3) Loss per common share for the fourth quarters of fiscal 2020 and fiscal 2019 excludes the effect of common stock equivalents related to share-based awards as their effect would be anti-dilutive.