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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jul. 29, 2017
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 2017 and 2016 reflect all adjustments (consisting of normal recurring accruals), which are necessary to present a fair presentation of amounts shown for such periods. The sum of the quarterly results may not equal the reported annual amounts due to rounding (dollars in thousands, except per share amounts).
Fiscal 2017: | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter(1)
Contract revenues | $ | 799,223 |  |  | $ | 701,131 |  |  | $ | 786,338 |  |  | $ | 780,188 |
Costs of earned revenues, excluding depreciation and amortization | $ | 614,990 |  |  | $ | 561,371 |  |  | $ | 621,475 |  |  | $ | 606,898 |
Gross profit | $ | 184,233 |  |  | $ | 139,760 |  |  | $ | 164,863 |  |  | $ | 173,290 |
Net income | $ | 51,050 |  |  | $ | 23,663 |  |  | $ | 38,796 |  |  | $ | 43,708 |
Earnings per common share - Basic | $ | 1.62 |  |  | $ | 0.75 |  |  | $ | 1.24 |  |  | $ | 1.41 |
Earnings per common share - Diluted | $ | 1.59 |  |  | $ | 0.74 |  |  | $ | 1.22 |  |  | $ | 1.38 |
Fiscal 2016(2): | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter(1)
Contract revenues | $ | 659,268 |  |  | $ | 559,470 |  |  | $ | 664,645 |  |  | $ | 789,159 |
Costs of earned revenues, excluding depreciation and amortization | $ | 506,978 |  |  | $ | 450,284 |  |  | $ | 520,408 |  |  | $ | 605,909 |
Gross profit | $ | 152,290 |  |  | $ | 109,186 |  |  | $ | 144,237 |  |  | $ | 183,250 |
Net income | $ | 30,824 |  |  | $ | 15,473 |  |  | $ | 33,083 |  |  | $ | 49,360 |
Earnings per common share - Basic | $ | 0.94 |  |  | $ | 0.47 |  |  | $ | 1.02 |  |  | $ | 1.57 |
Earnings per common share - Diluted | $ | 0.91 |  |  | $ | 0.46 |  |  | $ | 1.00 |  |  | $ | 1.54 |
(1) The Company uses a fiscal year ending on the last Saturday in July. As a result, each fiscal year consists of either 52 weeks or 53 weeks of operations (with the additional week of operations occurring in the fourth quarter). Fiscal 2017 consisted of 52 weeks, compared to fiscal 2016 which consisted of 53 weeks with an additional week of operations during the fourth quarter. (2) During the first quarter of fiscal 2016, the Company incurred a pre-tax charge of approximately $16.3 million for early extinguishment of debt in connection with the redemption of the Company’s 7.125% senior subordinated notes. See Note 10, Debt, for additional information regarding the Company’s debt transactions.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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