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Other Current Assets and Other Assets
3 Months Ended
Apr. 25, 2020
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 25, 2020January 25, 2020
Prepaid expenses$30,351  $12,769  
Deposits and other current assets16,862  17,447  
Restricted cash1,372  1,556  
Receivables on equipment sales—  219  
Other current assets$48,585  $31,991  

Other assets consisted of the following (dollars in thousands):
April 25, 2020January 25, 2020
Long-term contract assets$21,282  $22,653  
Deferred financing costs6,643  7,133  
Restricted cash3,753  3,753  
Insurance recoveries/receivables for accrued insurance claims12,639  4,864  
Other non-current deposits and assets8,353  9,035  
Other assets$52,670  $47,438  

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.

See Note 10, Accrued Insurance Claims, for information on our Insurance recoveries/receivables.