Share-Based Compensation (Tables)

12 Months Ended

Jul. 29, 2016

Share-Based Compensation [Abstract]

Schedule of Outstanding Awards under Each Plan

The following table summarizes the number of outstanding awards under each plan at July 29, 2016:

2010 Omnibus Plan	200,909
Amended and Restated Stock Option Plan	2,683
2002 Omnibus Incentive Compensation Plan	10,000
Total	213,592

LTPP Performance and Vesting Period

The following table summarizes the performance periods and vesting periods for the Company’s nonvested stock awards under its long-term performance plans at July 29, 2016:

Long-Term Performance Plan (“LTPP”)	Performance Period		Vesting Period (in Years)
2016 LTPP		2016 – 2017	2 or 3
2015 LTPP		2015 – 2016	2 or 3

Schedule of Outstanding Awards under LTPP

The following table summarizes the shares that have been accrued under the 2016 LTPP and 2015 LTPP at July 29, 2016:

2016 LTPP	14,550
2015 LTPP	74,316

Schedule of Nonvested Stock Activity

A summary of the Company’s nonvested stock activity as of July 29, 2016, and changes during 2016 are presented in the following table:

Nonvested Stock	Shares			Weighted-Average Grant Date Fair Value
Unvested at July 31, 2015		39,163		$	95.66
Granted		61,729			149.39
Vested		(60,455	)		139.24
Forfeited		--			--
Unvested at July 29, 2016		40,437		$	112.52

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:

	2016		2015		2014
Total fair value of nonvested stock	$	8,418	$	8,152	$	17,417

Assumptions Used in Determining Fair Value of MSU Grants

The following assumptions were used in determining the fair value for the Company’s MSU Grants:

				Year Ended
	July 29, 2016			July 31, 2015			August 1, 2014
Dividend yield***		--			--			--
Expected volatility		23% - 24	%		21	%		25	%
Risk-free interest rate range		0.9% - 1.0	%		1.0	%		0.7% - 0.8	%

***Dividends accrue on the 2014, 2015 and 2016 MSU Grants. Dividends will be forfeited for any 2014, 2015 and 2016 MSU Grants that do not vest.

Schedule of Shares Accrued under the MSU Grants

The following table summarizes the shares that have been accrued under the 2014 MSU Grants, the 2015 MSU Grants and 2016 MSU Grants at July 29, 2016:

	Shares
2014 MSU Grants		37,786
2015 MSU Grants		26,955
2016 MSU Grants		6,865

Schedule of Stock Option Activity

A summary of the Company’s stock option activity as of July 29, 2016, and changes during 2016 are presented in the following table:

Fixed Options	Shares			Weighted- Average Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at July 31, 2015		20,458		$	33.88
Granted		--			--
Exercised		(7,775	)		35.78
Forfeited		--			--
Canceled		--			--
Outstanding at July 29, 2016		12,683		$	32.71		1.23	$	1,582
Exercisable		12,683		$	32.71		1.23	$	1,582

Summary of Total Intrinsic Values of Options Exercised

The following table summarizes the total intrinsic values of options exercised during each of the three years:

	2016		2015		2014
Total intrinsic values of options exercised*	$	917	$	4,652	$	169

*The intrinsic value for stock options is defined as the difference between the current market value and the grant price.

Components of Share-based Compensation Expense

The following table highlights the components of share-based compensation expense for each of the three years:

	2016		2015		2014
Nonvested stock awards	$	10,277	$	13,243	$	5,762
MSU Grants		2,925		2,967		2,162
Total compensation expense	$	13,202	$	16,210	$	7,924

Schedule of Unrecognized Compensation Cost, Nonvested Awards

The following table highlights the total unrecognized compensation expense related to nonvested stock and MSU Grants and the weighted-average periods over which the expense is expected to be recognized as of July 29, 2016:

	Nonvested Stock		MSU Grants
Total unrecognized compensation	$	1,521	$	2,958
Weighted-average period in years		2.48		1.66

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:

	2016		2015		2014
Total income tax benefit	$	3,819	$	5,056	$	2,438