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SHAREHOLDERS’ EQUITY (Tables)
12 Months Ended
Jul. 25, 2015
Equity [Abstract]  
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity
The following table summarizes option activity under all plans for the following years:

 
2015
 
2014
 
2013
 
Shares
 
Weighted-average
exercise price
 
Shares
 
Weighted-average
 exercise price
 
Shares
 
Weighted-average
 exercise price
Outstanding at beginning of year
591

 
$
26.41

 
380

 
$
24.91

 
474

 
$
24.03

Granted
4

 
24.51

 
224

 
28.83

 
8

 
33.91

Exercised
(111
)
 
21.41

 
(9
)
 
23.23

 
(86
)
 
20.19

Forfeited
(11
)
 
18.83

 
(4
)
 
27.51

 
(16
)
 
28.86

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of year
473

 
$
27.75

 
591

 
$
26.41

 
380

 
$
24.91

 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable at end of year
248

 
$
26.80

 
365

 
$
24.89

 
169

 
$
21.50

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of each option award is estimated on the date of grant using the Black-Scholes Option Pricing Model using the weighted-average assumptions in the following table. The Company uses historical data for similar groups of employees in order to estimate the expected life of options granted. Expected volatility is based on the historical volatility of the Company’s stock for a period of years corresponding to the expected life of the option. The risk free interest rate is based on the U.S. Treasury yield curve at the time of grant for securities with a maturity period similar to the expected life of the option.
 
 
2015
 
2014
Expected life (years)
5.0

 
6.0

Expected volatility
29.8
%
 
32.2
%
Expected dividend yield
4.1
%
 
3.5
%
Risk-free interest rate
1.5
%
 
1.9
%
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes restricted stock activity under the 2004 and 2010 Plans for fiscal 2015, 2014 and 2013:
 
 
2015
 
2014
 
2013
 
Shares
 
Weighted-average
 grant date
 fair value
 
Shares
 
Weighted-average
 grant date
 fair value
 
Shares
 
Weighted-average
 grant date
fair value
Nonvested at beginning of year
288

 
$
28.83

 
299

 
27.60

 
299

 
$
27.57

Granted
3

 
23.77

 
288

 
28.83

 
2

 
33.73

Vested
(20
)
 
28.83

 
(299
)
 
27.60

 
(2
)
 
28.25

Forfeited

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
Nonvested at end of year
271

 
$
28.78

 
288

 
28.83

 
299

 
$
27.60

Schedule of Dividends Declared and Paid
The Company declared and paid cash dividends on common stock as follows:
 
 
2015
 
2014
 
2013
Per share:
 
 
 
 
 
Class A common stock
$
1.000

 
$
1.000

 
$
2.000

Class B common stock
0.650

 
0.650

 
1.300

 
 
 
 
 
 
Aggregate:
 

 
 

 
 

Class A common stock
$
9,749

 
$
9,598

 
$
17,486

Class B common stock
2,828

 
2,834

 
6,562

 
 
 
 
 
 
 
$
12,577

 
$
12,432

 
$
24,048