XML 118 R31.htm IDEA: XBRL DOCUMENT v3.20.4
Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 25, 2020
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 2021 and fiscal 2020 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 2021 consisted of 53 weeks of operation and fiscal 2020 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 2021
First Quarter (1)
Second QuarterThird QuarterFourth Quarter
Contract revenues$814,322 $823,921 $810,256 $750,665 
Costs of earned revenues, excluding depreciation and amortization$680,206 $657,953 $658,355 $645,476 
Gross profit$134,116 $165,968 $151,901 $105,189 
Net income (loss)$(32,418)$37,024 $33,926 $(4,195)
Earnings (loss) per common share - Basic$(1.03)$1.17 $1.06 $(0.13)
Earnings (loss) per common share - Diluted$(1.03)$1.15 $1.05 $(0.13)
Quarter Ended
Fiscal 2020
First Quarter (2)
Second QuarterThird QuarterFourth 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$0.45 $0.94 $0.76 $(0.35)
(1) During the first quarter of fiscal 2021, we recognized an impairment charge of $53.3 million which is the amount by which the carrying amount exceeded the reporting unit’s fair value.

(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.