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Share-Based Compensation (Tables)
12 Months Ended
Aug. 03, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Outstanding Awards Under Each Plan
The following table summaries the number of outstanding awards under each plan at August 3, 2012:

 
2010 Omnibus Plan
 
 
374,934
 
Directors Plan
 
 
16,110
 
Employee Plan
 
 
42,546
 
A&R Plan
 
 
205,055
 
2002 Omnibus Plan
 
 
137,384
 
 
LTPP Performance and Vesting Period
The following table summarizes the performance periods and vesting periods for the Company's long-term performance plans:
 
Long-Term Performance Plan ("LTPP")
 
Performance Period
 
 
Vesting Period
(in Years)
 
2010 LTPP
 
2010
 
 
 
3
 
2011 LTPP
 
 
2011 - 2012
 
 
 
2
 
2012 LTPP
 
 
2012 - 2013
 
 
 
2
 

Schedule of Outstanding Awards Under LTPP
The following table summarizes the shares that have been accrued under the 2011 LTPP and the 2012 LTPP at August 3, 2012:
 
 
(Shares in thousands)
 
 
 
2012 LTPP
 
 
140
 
2011 LTPP
 
 
97
 
Schedule of nonvested stock activity
A summary of the Company's nonvested stock activity as of August 3, 2012, and changes during 2012 is presented in the following table:

(Shares in thousands)
 
 
Nonvested Stock
Shares
 
Weighted-Average
Grant Date Fair
Value
 
Unvested at July 29, 2011
339
 
$
42.31
 
Granted
43
 
 
46.22
 
Vested
(302)
 
 
42.96
 
Forfeited
--
 
 
--
 
Unvested at August 3, 2012
80
 
$
41.97
 
Aggregate Fair Value of Non Vested Stock
The following table summarizes the total fair value of nonvested stock that vested for each of the three years:
 
2012
 
 
2011
 
 
2010
 
Total fair value of nonvested stock
 
$
12,981
 
 
$
4,393
 
 
$
2,667
 
Assumptions used in determining the fair value of MSU Grants
The following assumptions were used for the Company's MSU Grants:

Year Ended
 
August 3, 2012
 
 
July 29, 2011
 
Dividend yield range
2.2%
 
 
1.6%
 
Expected volatility
45%
 
 
43%
 
Risk-free interest rate
0.3%
 
 
0.8%
 
Schedule of Shares Accrued Under the MSU Grants
The following table summarizes the shares that have been accrued under each annual plan based upon the change in total shareholder return at August 3, 2012:
 
(Shares in thousands)
 
Total
Shareholder
Return
 
 
Shares
 
2012 MSU Grants
 
 
141.0
%
 
 
29
 
2011 MSU Grants
 
 
134.1
%
 
 
51
 
 
Assumptions used in determining the fair value of each option award
The fair value of each option award was estimated on the date of grant using a binomial lattice-based option valuation model, which incorporates ranges of assumptions for inputs as shown in the following table.

Year Ended
 
July 29, 2011*
 
 
July 30, 2010
 
Dividend yield range
1.7%
 
 
2.5%
 
Expected volatility
40%
 
 
47%
 
Risk-free interest rate range
0.3%- 4.6%
 
 
0.4%- 5.1%
 
Expected term (in years)
6.6*
 
 
6.8
 

*Stock options granted in 2011 were defeased and replaced with MSU Grants (see sub-section above entitled "Performance-Based Market Stock Units").
Schedule of stock option activity
A summary of the Company's stock option activity as of August 3, 2012, and changes during 2012 are presented in the following table:

(Shares in thousands)
 
 
 
 
 
 
Fixed Options
 
Shares
 
 
Weighted-
Average
Price
 
 
Weighted-Average
Remaining
Contractual Term
 
 
Aggregate
Intrinsic
Value
 
Outstanding at July 29, 2011
 
 
1,124
 
 
$
33.01
 
 
 
 
 
 
 
Granted
 
 
--
 
 
 
--
 
 
 
 
 
 
 
Exercised
 
 
(683
)
 
 
33.45
 
 
 
 
 
 
 
Forfeited
 
 
(3
)
 
 
31.58
 
 
 
 
 
 
 
Canceled
 
 
(34
)
 
 
21.88
 
 
 
 
 
 
 
Outstanding at August 3, 2012
 
 
404
 
 
$
33.22
 
 
 
4.36
 
 
$
12,014
 
Exercisable
 
 
324
 
 
$
33.62
 
 
 
3.69
 
 
$
9,512
 
Schedule of Weighted Average Fair Value Per Share and Intrinsic Value of Options Granted
The following table summarizes the weighted-average grant-date fair values of options granted and the total intrinsic values of options exercised during each of the three years:

 
2012
 
 
2011
 
 
2010
 
Weighted-average grant-date fair values of options granted
 
$
--
 
 
$
16.81
 
 
$
12.03
 
Total intrinsic values of options exercised*
 
 
14,859
 
 
 
11,713
 
 
 
21,602
 
*
The intrinsic value for stock options is defined as the difference between the current market value and the grant price.
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table highlights the components of share-based compensation expense for each of the three years:
 
 
2012
 
 
2011
 
 
2010
 
Nonvested stock awards
 
$
11,440
 
 
$
6,652
 
 
$
9,999
 
Stock options
 
 
1,290
 
 
 
2,155
 
 
 
3,194
 
MSU Grants
 
 
1,690
 
 
 
989
 
 
 
--
 
Total compensation expense
 
$
14,420
 
 
$
9,796
 
 
$
13,193
 
Schedule of Unrecognized Compensation Cost, Nonvested Awards
The following table highlights the total unrecognized compensation expense related to nonvested stock, stock options and MSU Grants and the weighted-average periods over which the expense is expected to be recognized as of August 3, 2012:

 
Nonvested
Stock
 
 
Stock
Options
 
 
MSU
Grants
 
Total unrecognized compensation
 
$
1,911
 
 
$
85
 
 
$
1,761
 
Weighted-average period in years
 
 
2.04
 
 
 
0.10
 
 
 
1.64
 
Total Share-based Compensation Income Tax Benefit
The following table highlights the total income tax benefit recognized in the Consolidated Statements of Income for each of the three years:
 
 
2012
 
 
2011
 
 
2010
 
Total income tax benefit
 
$
4,254
 
 
$
2,576
 
 
$
3,470