FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Oct. 31, 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:

	Condensed Consolidated Balance Sheets Location	Fair Value at October 31, 2020
(in thousands)		Level 1		Level 2		Level 3
Assets:
Foreign currency derivatives designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	70	$	—
Mutual funds	Other assets	$	1,635	$	—	$	—
Liabilities:
Foreign currency derivatives not designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	15	$	—
Fuel derivatives designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	699	$	—
Foreign currency derivatives designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	311	$	—
Interest rate swaps designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	37,526	$	—
Interest rate swaps designated as hedging instruments	Other long-term liabilities	$	—	$	73,714	$	—

	Condensed Consolidated Balance Sheets Location	Fair Value at August 1, 2020
(in thousands)		Level 1		Level 2		Level 3
Assets:
Foreign currency derivatives not designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	26	$	—
Fuel derivatives designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	36	$	—
Foreign currency derivatives designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	94	$	—
Fuel derivatives designated as hedging instruments	Other assets	$	—	$	23	$	—
Mutual funds	Other assets	$	1,678	$	—	$	—
Liabilities:
Fuel derivatives designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	197	$	—
Foreign currency derivatives designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	357	$	—
Interest rate swaps designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	46,743	$	—
Interest rate swaps designated as hedging instruments	Other long-term liabilities	$	—	$	91,994	$	—

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.

	October 31, 2020				August 1, 2020
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Notes receivable, including current portion	$	74,581	$	75,627	$	77,598	$	78,877
Long-term debt, including current portion	$	2,633,400	$	2,688,668	$	2,497,626	$	2,535,851