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Other Current Assets and Other Assets
3 Months Ended
May 01, 2021
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):
May 1, 2021January 30, 2021
Prepaid expenses$31,520 $14,849 
Deposits and other current assets15,004 12,817 
Restricted cash1,372 1,372 
Receivables on equipment sales116 34 
Other current assets$48,012 $29,072 

Other assets consisted of the following (dollars in thousands):
May 1, 2021January 30, 2021
Long-term contract assets$16,202 $17,574 
Deferred financing costs5,631 5,205 
Restricted cash432 432 
Insurance recoveries/receivables for accrued insurance claims8,615 15,837 
Other non-current deposits and assets6,407 7,541 
Other assets$37,287 $46,589 

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.