DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jan. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal groups, including discontinued operations

Operating results of discontinued operations are summarized below:

	13-Week Period Ended				26-Week Period Ended
(In thousands)	January 30, 2021		February 1, 2020		January 30, 2021		February 1, 2020
Net sales	$	22,973	$	75,076	$	47,789	$	170,671
Cost of sales	15,748		56,553		32,520		121,639
Gross profit	7,225		18,523		15,269		49,032
Operating expenses	3,528		15,228		9,759		40,304
Restructuring expenses and charges	792		24,009		783		24,184
Operating income (loss)	2,905		(20,714)		4,727		(15,456)
Other expense (income), net	—		(3)		—		(64)
Income (loss) from discontinued operations before income taxes	2,905		(20,711)		4,727		(15,392)
Benefit for income taxes	(898)		(4,635)		(372)		(3,342)
Income (loss) from discontinued operations, net of tax	$	3,803	$	(16,076)	$	5,099	$	(12,050)

The following table summarizes the carrying amounts of major classes of assets and liabilities that were classified as held-for-sale on the Condensed Consolidated Balance Sheets:

(In thousands)	January 30, 2021		August 1, 2020
Current assets
Cash and cash equivalents	$	155	$	119
Accounts receivable, net	578		350
Inventories, net	3,329		4,233
Other current assets	654		365
Total current assets of discontinued operations	4,716		5,067
Long-term assets
Property and equipment	927		3,450
Other long-term assets	464		465
Total long-term assets of discontinued operations	1,391		3,915
Total assets of discontinued operations	$	6,107	$	8,982
Current liabilities
Accounts payable	$	3,405	$	3,613
Accrued compensation and benefits	2,575		4,501
Other current liabilities	2,333		3,324
Total current liabilities of discontinued operations	8,313		11,438
Long-term liabilities
Other long-term liabilities	15		1,738
Total liabilities of discontinued operations	8,328		13,176
Net liabilities of discontinued operations	$	(2,221)	$	(4,194)