SHAREHOLDERS’ EQUITY (Tables)

12 Months Ended

Jul. 30, 2016

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:



	2016				2015				2014
	Shares		Weighted-average exercise price		Shares		Weighted-average exercise price		Shares		Weighted-average exercise price
Outstanding at beginning of year	473		$	27.75	591		$	26.41	380		$	24.91
Granted	7		26.79		4		24.51		224		28.83
Exercised	(30	)	27.08		(111	)	21.41		(9	)	23.23
Forfeited	(26	)	27.99		(11	)	18.83		(4	)	27.51

Outstanding at end of year	424		$	27.77	473		$	27.75	591		$	26.41

Options exercisable at end of year	203		$	26.76	248		$	26.80	365		$	24.89

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.



	2016		2015
Expected life (years)	5.0		5.0
Expected volatility	31.1	%	29.8	%
Expected dividend yield	3.8	%	4.1	%
Risk-free interest rate	1.5	%	1.5	%

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 2016, 2015 and 2014:



	2016				2015				2014
	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	271		$	28.78	288		$	28.83	299		$	27.60
Granted	2		28.55		3		23.77		288		28.83
Vested	(19	)	28.83		(20	)	28.83		(299	)	27.60
Forfeited	(4	)	28.83		—		—		—		—

Nonvested at end of year	250		$	28.77	271		$	28.78	288		$	28.83

Schedule of Dividends Declared and Paid

The Company declared and paid cash dividends on common stock as follows:



	2016		2015		2014
Per share:
Class A common stock	$	1.000	$	1.000	$	1.000
Class B common stock	0.650		0.650		0.650

Aggregate:
Class A common stock	$	9,827	$	9,749	$	9,598
Class B common stock	2,807		2,828		2,834

	$	12,634	$	12,577	$	12,432