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DERIVATIVES (Tables)
 9 Months Ended
May 01, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
Details of active swap contracts as of May 1, 2021, which are all pay fixed and receive floating, are as follows:
Effective DateSwap MaturityNotional Value (in millions)Pay Fixed Rate
Receive Floating Rate(2)
Floating Rate Reset Terms
August 3, 2015(1)
August 15, 2022$34.0 1.7950 %One-Month LIBORMonthly
October 26, 2018October 31, 2022100.0 2.8915 %One-Month LIBORMonthly
January 11, 2019October 31, 202250.0 2.4678 %One-Month LIBORMonthly
January 23, 2019October 31, 202250.0 2.5255 %One-Month LIBORMonthly
November 16, 2018March 31, 2023150.0 2.8950 %One-Month LIBORMonthly
January 23, 2019March 31, 202350.0 2.5292 %One-Month LIBORMonthly
November 30, 2018September 30, 202350.0 2.8315 %One-Month LIBORMonthly
October 26, 2018October 31, 2023100.0 2.9210 %One-Month LIBORMonthly
January 11, 2019March 28, 2024100.0 2.4770 %One-Month LIBORMonthly
January 23, 2019March 28, 2024100.0 2.5420 %One-Month LIBORMonthly
November 30, 2018October 31, 2024100.0 2.8480 %One-Month LIBORMonthly
January 11, 2019October 31, 2024100.0 2.5010 %One-Month LIBORMonthly
January 24, 2019October 31, 202450.0 2.5210 %One-Month LIBORMonthly
October 26, 2018October 22, 202550.0 2.9550 %One-Month LIBORMonthly
November 16, 2018October 22, 202550.0 2.9590 %One-Month LIBORMonthly
November 16, 2018October 22, 202550.0 2.9580 %One-Month LIBORMonthly
January 24, 2019October 22, 202550.0 2.5558 %One-Month LIBORMonthly
$1,234.0 
(1)The swap contract has an amortizing notional principal amount which is reduced by $1.0 million on a quarterly basis.
(2)For these swap contracts that are indexed to LIBOR, the Company is monitoring and evaluating risks related to the expected future cessation of LIBOR.
Schedule of Interest Rate Derivatives
The location and amount of gains or losses recognized in the Condensed Consolidated Statements of Operations for interest rate swap contracts for each of the periods, presented on a pretax basis, are as follows:
13-Week Period Ended39-Week Period Ended
May 1, 2021May 2, 2020May 1, 2021May 2, 2020
(In thousands)Interest expense, netInterest expense, net
Total amounts of expense line items presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
$43,500 $47,269 $163,577 $145,814 
Loss on cash flow hedging relationships:
Loss reclassified from comprehensive income into earnings$(14,623)$(6,191)$(35,186)$(12,812)
Gain (loss) on interest rate swap contracts not designated as hedging instruments:
Gain (loss) recognized in earnings$2,969 $— $(2)$—