v3.24.1.1.u2
Other Current Assets and Other Assets
 3 Months Ended
Apr. 27, 2024
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 27, 2024January 27, 2024
Prepaid expenses$31,988 $20,095 
Deposits and other current assets21,039 20,218 
Restricted cash1,372 1,372 
Receivables on equipment sales1,067 568 
Other current assets$55,466 $42,253 

Other assets consisted of the following (dollars in thousands):
April 27, 2024January 27, 2024
Long-term contract assets$1,078 $2,610 
Deferred financing costs2,241 2,544 
Restricted cash432 432 
Insurance recoveries/receivables for accrued insurance claims4,920 4,760 
Other non-current deposits and assets13,669 14,301 
Other assets$22,340 $24,647 

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 11, Accrued Insurance Claims, for information on our insurance recoveries/receivables.