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EARNINGS PER SHARE
 9 Months Ended
Apr. 27, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
The following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:
 
 
13-Week Period Ended
 
39-Week Period Ended
(in thousands, except per share data)
 
April 27,
2019
 
April 28,
2018
 
April 27,
2019
 
April 28,
2018
Basic weighted average shares outstanding
 
50,846

 
50,424

 
50,748

 
50,563

Net effect of dilutive stock awards based upon the treasury stock method
 
118

 
327

 
—

 
253

Diluted weighted average shares outstanding
 
50,964

 
50,751

 
50,748

 
50,816

 
 
 
 
 
 
 
 
 
Basic per share data:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.64

 
$
1.03

 
$
(6.93
)
 
$
2.63

Discontinued operations
 
$
0.48

 
$
—

 
$
0.95

 
$
—

Basic income (loss) per share
 
$
1.12

 
$
1.03

 
$
(5.99
)
 
$
2.63

Diluted per share data:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.64

 
$
1.02

 
$
(6.93
)
 
$
2.61

Discontinued operations(1)
 
$
0.48

 
$
—

 
$
0.94

 
$
—

Diluted income (loss) per share
 
$
1.12

 
$
1.02

 
$
(5.99
)
 
$
2.61

 
 
 
 
 
 
 
 
 
Anti-dilutive stock-based awards excluded from the calculation of diluted earnings per share
 
5,176

 
85

 
2,723

 
96


(1)
The computation of diluted earnings per share from discontinued operations is calculated using diluted weighted average shares outstanding, which includes the net effect of dilutive stock awards, of approximately 275 thousand shares for the 39-week period ended April 27, 2019.