INCOME TAXES (Tables)

12 Months Ended

Jul. 30, 2011

INCOME TAXES

Schedule of federal and state income tax (benefit) expense

	Current			Deferred			Total
	(In thousands)
Fiscal year ended July 30, 2011:
U.S. Federal	$	24,971		$	14,273		$	39,244
State & Local		7,091			1,207			8,298
Foreign		2,180			40			2,220
	$	34,242		$	15,520		$	49,762
Fiscal year ended July 31, 2010:
U.S. Federal	$	31,818		$	5,488		$	37,306
State & Local		7,147			(427	)		6,720
Foreign		(345	)		—			(345	)
	$	38,620		$	5,061		$	43,681
Fiscal year ended August 1, 2009:
U.S. Federal	$	32,998		$	(33	)	$	32,965
State & local		7,761			272			8,033
	$	40,759		$	239		$	40,998

Schedule reconciling expected tax expense under the U.S. statutory rate to total income tax expense (benefit)

	Fiscal year ended
	July 30, 2011			July 31, 2010			August 1, 2009
	(In thousands)
Computed "expected" tax expense	$	44,252		$	39,201		$	35,064
State and local income tax, net of Federal income tax benefit		5,394			4,368			5,222
Non-deductible expenses		1,111			872			861
Tax effect of share-based compensation		(440	)		78			(65	)
General Business Credits		(1,021	)		(215	)		(325	)
Other, net		466			(623	)		241
Total income tax expense	$	49,762		$	43,681		$	40,998

Schedule of income tax (benefit) allocation

	July 30, 2011			July 31, 2010			August 1, 2009
	(In thousands)
Income tax expense	$	49,762		$	43,681		$	40,998
Stockholders' equity, difference between compensation expense for tax purposes and amounts recognized for financial statement purposes		(1,545	)		(1,822	)		598
Other comprehensive income (loss)		502			97			(647	)
	$	48,719		$	41,956		$	40,949

Schedule of net deferred tax assets and deferred tax liabilities

	2011			2010
	(In thousands)
Deferred tax assets:
Inventories, principally due to additional costs inventoried for tax purposes	$	5,638		$	4,906
Compensation and benefits related		16,701			14,725
Accounts receivable, principally due to allowances for uncollectible accounts		2,286			2,655
Accrued expenses		7,037			6,586
Other comprehensive income		495			997
Net operating loss carryforwards		7,381			9,298
Other deferred tax assets		71			23
Total gross deferred tax assets		39,609			39,190
Less valuation allowance		5,071			5,052
Net deferred tax assets	$	34,538		$	34,138
Deferred tax liabilities:
Plant and equipment, principally due to differences in depreciation	$	30,333		$	15,546
Intangible assets		20,530			18,495
Other		203			135
Total deferred tax liabilities		51,066			34,176
Net deferred tax liabilities	$	(16,528	)	$	(38	)
Current deferred income tax assets	$	22,023		$	20,560
Non-current deferred income tax liabilities		(38,551	)		(20,598	)
	$	(16,528	)	$	(38	)