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Accounts Receivable, Contract Assets, and Contract Liabilities (Tables) | 3 Months Ended
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Apr. 29, 2023
Receivables [Abstract] |
Accounts Receivable | Accounts receivable, net, classified as current, consisted of the following (dollars in thousands):
| April 29, 2023 |  | January 28, 2023
Trade accounts receivable | $ | 405,431 |  |  | $ | 367,842 |
Unbilled accounts receivable | 749,931 |  |  | 670,066 |
Retainage | 33,191 |  |  | 32,351 |
Total | 1,188,553 |  |  | 1,070,259 |
Less: allowance for doubtful accounts | (3,682) |  |  | (3,246) |
Accounts receivable, net | $ | 1,184,871 |  |  | $ | 1,067,013 |
The allowance for doubtful accounts changed as follows (dollars in thousands):
| For the Three Months Ended |  |  |
| April 29, 2023 |  | April 30, 2022 |  |  |  |  |
Allowance for doubtful accounts at beginning of period | $ | 3,246 |  |  | $ | 724 |  |  |  |  |  |
Provision for bad debt | 436 |  |  | 32 |  |  |  |  |  |
Amounts recovered against the allowance | — |  |  | 5 |  |  |  |  |  |
Allowance for doubtful accounts at end of period | $ | 3,682 |  |  | $ | 761 |  |  |  |  |  |
Contract Assets and Contract Liabilities | Net contract assets consisted of the following (dollars in thousands):
| April 29, 2023 |  | January 28, 2023
Contract assets | $ | 56,617 |  |  | $ | 43,932 |
Contract liabilities | 23,522 |  |  | 19,512 |
Contract assets, net | $ | 33,095 |  |  | $ | 24,420 |
Customer Credit Concentration | Customers whose combined amounts of accounts receivable and contract assets, net, exceeded 10% of total combined accounts receivable and contract assets, net, as of April 29, 2023 or January 28, 2023 were as follows (dollars in millions):
| April 29, 2023 |  | January 28, 2023
| Amount |  | % of Total |  | Amount |  | % of Total
Lumen Technologies | $ | 245.8 |  |  | 20.1% |  | $ | 189.3 |  |  | 17.4%
Frontier Communications Corporation | $ | 192.1 |  |  | 15.7% |  | $ | 153.2 |  |  | 14.0%
AT&T Inc. | $ | 135.0 |  |  | 11.0% |  | $ | 136.2 |  |  | 12.5%
Comcast Corporation | $ | 122.5 |  |  | 10.0% |  | $ | 125.2 |  |  | 11.5%
Customers whose contract revenues exceeded 10% of total contract revenues during the three months ended April 29, 2023 or April 30, 2022, as well as total contract revenues from all other customers combined, were as follows (dollars in millions):
| For the Three Months Ended |  |  |
| April 29, 2023 |  | April 30, 2022 |  |  |  |  |
| Amount |  | % of Total |  | Amount |  | % of Total |  |  |  |  |  |  |  |  |
AT&T Inc. | $ | 224.4 |  |  | 21.5% |  | $ | 237.4 |  |  | 27.1% |  |  |  |  |  |  |  |  |
Lumen Technologies | 136.4 |  |  | 13.0 |  | 102.8 |  |  | 11.7 |  |  |  |  |  |  |  |  |
Comcast Corporation | 120.6 |  |  | 11.5 |  | 111.3 |  |  | 12.7 |  |  |  |  |  |  |  |  |
Total other customers combined | 564.1 |  |  | 54.0 |  | 424.8 |  | 48.5 |  |  |  |  |  |  |  |  |
Total contract revenues | $ | 1,045.5 |  |  | 100.0% |  | $ | 876.3 |  |  | 100.0% |  |  |  |  |  |  |  |  |
Total contract revenues by customer type during the three months ended April 29, 2023 and April 30, 2022 were as follows (dollars in millions):
| For the Three Months Ended |  |  |
| April 29, 2023 |  | April 30, 2022 |  |  |  |  |
| Amount |  | % of Total |  | Amount |  | % of Total |  |  |  |  |  |  |  |  |
Telecommunications | $ | 938.2 |  |  | 89.7% |  | $ | 778.9 |  |  | 88.9% |  |  |  |  |  |  |  |  |
Underground facility locating | 73.0 |  |  | 7.0 |  | 70.9 |  |  | 8.1 |  |  |  |  |  |  |  |  |
Electrical and gas utilities and other | 34.3 |  |  | 3.3 |  | 26.5 |  |  | 3.0 |  |  |  |  |  |  |  |  |
Total contract revenues | $ | 1,045.5 |  |  | 100.0% |  | $ | 876.3 |  |  | 100.0% |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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