Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2014

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis at October 31, 2014 were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
Cash equivalents*	$	32,068	$	--	$	--	$	32,068
Interest rate swap asset (see Note 5)		--		122		--		122
Deferred compensation plan assets**		26,397		--		--		26,397
Total assets at fair value	$	58,465	$	122	$	--	$	58,587
Interest rate swap liability (see Note 5)	$	--	$	8,600	$	--	$	8,600
Total liabilities at fair value	$	--	$	8,600	$	--	$	8,600

The Company’s assets and liabilities measured at fair value on a recurring basis at August 1, 2014 were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
Cash equivalents*	$	63,068	$	--	$	--	$	63,068
Interest rate swap asset (see Note 5)		--		240		--		240
Deferred compensation plan assets**		25,322		--		--		25,322
Total assets at fair value	$	88,390	$	240	$	--	$	88,630
Interest rate swap liability (see Note 5)	$	--	$	7,943	$	--	$	7,943
Total liabilities at fair value	$	--	$	7,943	$	--	$	7,943

*Consists of money market fund investments.

**Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s non-qualified savings plan and is included in the Consolidated Balance Sheets as other assets.