Fair Value Measurements (Tables)

9 Months Ended

Apr. 29, 2016

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 April 29, 2016 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*	$	102,084	$	--	$	--	$	102,084
Interest rate swap asset (see Note 5)		--		--		--		--
Deferred compensation plan assets**		27,039		--		--		27,039
Total assets at fair value	$	129,123	$	--	$	--	$	129,123
Interest rate swap liability (see Note 5)	$	--	$	17,570	$	--	$	17,570
Total liabilities at fair value	$	--	$	17,570	$	--	$	17,570

The Company’s assets and liabilities measured at fair value on a recurring basis at July 31, 2015 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*	$	191,084	$	--	$	--	$	191,084
Interest rate swap asset (see Note 5)		--		3,759		--		3,759
Deferred compensation plan assets**		26,947		--		--		26,947
Total assets at fair value	$	218,031	$	3,759	$	--	$	221,790
Interest rate swap liability (see Note 5)	$	--	$	9,821	$	--	$	9,821
Total liabilities at fair value	$	--	$	9,821	$	--	$	9,821

*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 Condensed Consolidated Balance Sheets as other assets.