DISCONTINUED OPERATIONS (Tables)

9 Months Ended

May 01, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

	13-Week Period Ended				39-Week Period Ended
(In thousands)	May 1, 2021		May 2, 2020		May 1, 2021		May 2, 2020
Net sales	$	20,009	$	30,115	$	67,798	$	200,786
Cost of sales	13,172		21,548		45,692		143,187
Gross profit	6,837		8,567		22,106		57,599
Operating expenses	4,658		6,046		14,417		46,350
Restructuring expenses and charges	(187)		6,686		596		30,870
Operating income (loss)	2,366		(4,165)		7,093		(19,621)
Other income, net	—		(107)		—		(171)
Income (loss) from discontinued operations before income taxes	2,366		(4,058)		7,093		(19,450)
Provision (benefit) for income taxes	713		20		341		(3,322)
Income (loss) from discontinued operations, net of tax	$	1,653	$	(4,078)	$	6,752	$	(16,128)

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)	May 1, 2021		August 1, 2020
Current assets
Cash and cash equivalents	$	136	$	119
Accounts receivable, net	477		350
Inventories, net	3,876		4,233
Other current assets	410		365
Total current assets of discontinued operations	4,899		5,067
Long-term assets
Property and equipment	965		3,450
Other long-term assets	465		465
Total long-term assets of discontinued operations	1,430		3,915
Total assets of discontinued operations	$	6,329	$	8,982
Current liabilities
Accounts payable	$	2,757	$	3,613
Accrued compensation and benefits	2,332		4,501
Other current liabilities	1,907		3,324
Total current liabilities of discontinued operations	6,996		11,438
Long-term liabilities
Other long-term liabilities	15		1,738
Total liabilities of discontinued operations	7,011		13,176
Net liabilities of discontinued operations	$	(682)	$	(4,194)