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NET INCOME PER SHARE
 9 Months Ended
Apr. 27, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
    The Company has two classes of common stock. Class A common stock is entitled to cash dividends as declared 54% greater than those paid on Class B common stock. Shares of Class B common stock are convertible on a share-for-share basis for Class A common stock at any time.

    The Company utilizes the two-class method of computing and presenting net income per share. The two-class method is an earnings allocation formula that calculates basic and diluted net income per share for each class of common stock separately based on dividends declared and participation rights in undistributed earnings. Under the two-class method, Class A common stock is assumed to receive a 54% greater participation in undistributed earnings than Class B common stock, in accordance with the classes' respective dividend rights. Unvested share-based payment awards that contain nonforfeitable rights to dividends are treated as participating securities and therefore included in computing net income per share using the two-class method.
    Diluted net income per share for Class A common stock is calculated utilizing the if-converted method, which assumes the conversion of all shares of Class B common stock to Class A common stock on a share-for-share basis, as this method is more dilutive than the two-class method. Diluted net income per share for Class B common stock does not assume conversion of Class B common stock to shares of Class A common stock.

The table below reconciles Net income to Net income available to Class A and Class B shareholders:
13 Weeks Ended39 Weeks Ended
 April 27,
2024		April 29,
2023		April 27,
2024		April 29,
2023
Net income$8,966 $11,017 $35,030 $34,422 
Distributed and allocated undistributed Net income to unvested restricted shareholders
330 370 1,310 1,013 
Net income available to Class A and Class B shareholders$8,636 $10,647 $33,720 $33,409 

    The tables below reconcile the numerators and denominators of basic and diluted Net income per share for all periods presented.
 
13 Weeks Ended39 Weeks Ended
 April 27, 2024April 27, 2024
 Class AClass BClass AClass B
Numerator:    
Net income allocated, basic
$6,798 $1,838 $26,550 $7,170 
Conversion of Class B to Class A shares1,838 — 7,170 — 
Net income allocated, diluted
$8,636 $1,838 $33,720 $7,170 
Denominator:    
Weighted average shares outstanding, basic10,092 4,204 10,112 4,204 
Conversion of Class B to Class A shares4,204 — 4,204 — 
Weighted average shares outstanding, diluted14,296 4,204 14,316 4,204 
13 Weeks Ended39 Weeks Ended
 April 29, 2023April 29, 2023
 Class AClass BClass AClass B
Numerator:    
Net income allocated, basic$8,311 $2,336 $26,055 $7,354 
Conversion of Class B to Class A shares2,336 — 7,354 — 
Net income allocated, diluted$10,647 $2,336 $33,409 $7,354 
Denominator:    
Weighted average shares outstanding, basic9,863 4,294 9,863 4,294 
Conversion of Class B to Class A shares4,294 — 4,294 — 
Weighted average shares outstanding, diluted14,157 4,294 14,157 4,294 

    Outstanding stock options to purchase Class A shares of 2 and 90 were excluded from the calculation of diluted net income per share at April 27, 2024 and April 29, 2023, respectively, as a result of their anti-dilutive effect. In addition, 485 and 507 non-vested restricted Class A shares, which are considered participating securities, and their allocated net income were excluded from the diluted net income per share calculation at April 27, 2024 and April 29, 2023, respectively, due to their anti-dilutive effect.