DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Oct. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal groups, including discontinued operations

Operating results of discontinued operations are summarized below:

	13-Week Period Ended
(In thousands)	October 31, 2020		November 2, 2019
Net sales	$	24,816	$	95,595
Cost of sales	16,772		65,086
Gross profit	8,044		30,509
Operating expenses	6,231		25,076
Restructuring expenses and charges	(9)		175
Operating income	1,822		5,258
Other expense (income), net	—		(61)
Income from discontinued operations before income taxes	1,822		5,319
Income tax provision	526		1,293
Income from discontinued operations, net of tax	$	1,296	$	4,026

The carrying amounts of major classes of assets and liabilities that were classified as held-for-sale on the Condensed Consolidated Balance Sheets follows in the table below.

(In thousands)	October 31, 2020		August 1, 2020
Current assets
Cash and cash equivalents	$	173	$	119
Receivables, net	532		350
Inventories	4,348		4,233
Other current assets	634		365
Total current assets of discontinued operations	5,687		5,067
Long-term assets
Property and equipment	1,965		3,450
Other assets	442		465
Total long-term assets of discontinued operations	2,407		3,915
Total assets of discontinued operations	$	8,094	$	8,982
Current liabilities
Accounts payable	$	3,505	$	3,613
Accrued compensation and benefits	2,744		4,501
Other current liabilities	3,640		3,324
Total current liabilities of discontinued operations	9,889		11,438
Long-term liabilities
Other long-term liabilities	15		1,738
Total liabilities of discontinued operations	9,904		13,176
Net liabilities of discontinued operations	$	(1,810)	$	(4,194)