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Shareholders' Equity
3 Months Ended
Nov. 01, 2013
Shareholders Equity [Abstract]  
Shareholders Equity
6.Shareholders' Equity
 
During the quarter ended November 1, 2013, the Company issued 120,263 shares of its common stock resulting from the vesting of share-based compensation awards and stock option exercises.  Related tax withholding payments on certain share-based compensation awards exceeded proceeds received from the exercise of stock options which resulted in a net reduction to shareholders' equity of $8,214.  During the quarter ended November 1, 2013, the Company repurchased 120,000 shares of its common stock in the open market at an aggregate cost of $12,473.

During the quarter ended November 1, 2013, the Company paid dividends of $0.75 per share of its common stock.  In addition, the Company declared a regular dividend of $0.75 per share of its common stock that was paid on November 5, 2013 to shareholders of record on October 18, 2013.

During the quarter ended November 1, 2013, the unrealized loss, net of tax, on the Company's interest rate swaps increased by $78 to $6,690 and is recorded in AOCL (see Notes 2 and 5).

The following table summarizes the changes in AOCL, net of tax, related to the Company's interest rate swaps for the quarter ended November 1, 2013:

 
 
Changes in AOCL
 
AOCL balance at August 2, 2013
 
$
(6,612
)
Other comprehensive income before reclassifications
  
1,176
 
Amounts reclassified from AOCL
  
(1,254
)
Other comprehensive loss, net of tax
  
(78
)
AOCL balance at November 1, 2013
 
$
(6,690
)
The following table summarizes the amounts reclassified out of AOCL related to the Company's interest rate swaps for the quarter ended November 1, 2013:
 
 
 
Details about AOCL
 
Amount Reclassified
from AOCL
 
Affected Line Item in the
Condensed Consolidated
Statement of Income
Loss on cash flow hedges:
 
 
  
Interest rate swaps
 
$
(2,041
)
Interest expense
Tax benefit
  
787
 
Provision for income taxes
 
 
$
(1,254
)
Net of tax

During the quarter ended November 1, 2013, total share-based compensation expense was $2,820.  The excess tax benefit realized upon exercise of share-based compensation awards was $568.