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FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Feb. 01, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table provides the fair value hierarchy for financial assets and liabilities measured on a recurring basis:
 
 
 
 
Fair Value at February 1, 2020
(In thousands)
 
Balance Sheet Location
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
Interest rate swaps designated as hedging instruments
 
Prepaid expenses and other current assets
 
$

 
$
216

 
$

Interest rate swaps designated as hedging instruments
 
Other assets
 
$

 
$
21

 
$

Mutual funds
 
Other assets
 
$
1,731

 
$

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps designated as hedging instruments
 
Accrued expenses and other current liabilities
 
$

 
$
22,679

 
$

Interest rate swaps designated as hedging instruments
 
Other long-term liabilities
 
$

 
$
64,540

 
$


 
 
 
 
Fair Value at August 3, 2019
(in thousands)
 
Balance Sheet Location
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
Interest rate swaps designated as hedging instruments
 
Prepaid expenses and other current assets
 
$

 
$
389

 
$

Mutual funds
 
Prepaid expenses and other current assets
 
$
7

 
$

 
$

Interest rate swaps designated as hedging instruments
 
Other assets
 
$

 
$
145

 
$

Mutual funds
 
Other assets
 
$
1,799

 
$

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps designated as hedging instruments
 
Prepaid expenses and other current assets
 
$

 
$
16,360

 
$

Interest rate swaps designated as hedging instruments
 
Other long-term liabilities
 
$

 
$
60,737

 
$


Fair Value, by Balance Sheet Grouping In the table below, the carrying value of the Company’s long-term debt is net of original issue discounts and debt issuance costs.
 
 
February 1, 2020
 
August 3, 2019
(In thousands)
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Notes receivable, including current portion
 
$
37,222

 
$
36,781

 
$
46,320

 
$
45,232

Long-term debt, including current portion
 
$
2,935,976

 
$
2,842,994

 
$
2,906,483

 
$
2,730,271