Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Apr. 28, 2017

Derivative Instruments and Hedging Activities [Abstract]

Summary of Interest Rate Swaps

A summary of the Company's interest rate swaps at April 28, 2017 is as follows:

Trade Date	Effective Date	Term (in Years)		Notional Amount	Fixed  Rate
March 18, 2013	May 3, 2015	3	$	50,000	1.51%
April 8, 2013	May 3, 2015	2		50,000	1.05%
April 15, 2013	May 3, 2015	2		50,000	1.03%
April 22, 2013	May 3, 2015	3		25,000	1.30%
April 25, 2013	May 3, 2015	3		25,000	1.29%
June 18, 2014	May 3, 2015	4		80,000	2.51%
June 24, 2014	May 3, 2015	4		60,000	2.51%
July 1, 2014	May 5, 2015	4		60,000	2.43%
January 30, 2015	May 3, 2019	2		80,000	2.15%
January 30, 2015	May 3, 2019	2		60,000	2.16%
January 30, 2015	May 4, 2021	3		120,000	2.41%
January 30, 2015	May 3, 2019	2		60,000	2.15%
January 30, 2015	May 4, 2021	3		80,000	2.40%

Schedule of Estimated Fair Value of Derivative Instruments

The estimated fair values of the Company's derivative instruments as of April 28, 2017 and July 29, 2016 were as follows:

(See Note 2)	Balance Sheet Location	April 28, 2017		July 29, 2016
Interest rate swaps	Other current liabilities	$	--	$	180
Interest rate swaps	Long-term interest rate swap liability		6,523		22,070
	Total	$	6,523	$	22,250

Offsetting Liabilities

The following table summarizes the offsetting of the Company's derivative liabilities in the Condensed Consolidated Balance Sheets at April 28, 2017 and July 29, 2016:

	Gross Liability Amounts				Asset Amount Offset					Net Liability Amount Presented  in the Balance Sheets
(See Note 2)	April 28, 2017		July 29, 2016		April 28, 2017			July 29, 2016		April 28, 2017		July 29,  2016
Interest rate swaps	$	6,559	$	22,250	$	(36	)	$	--	$	6,523	$	22,250

Schedule of Pre-tax Effects of Derivative Instruments on Income and AOCL

The following table summarizes the pre-tax effects of the Company's derivative instruments on AOCL for the nine months ended April 28, 2017 and the year ended July 29, 2016:

	Amount of Income (Loss) Recognized in  AOCL on Derivatives (Effective Portion)
	Nine Months Ended  April 28, 2017		Year Ended July 29, 2016
Cash flow hedges:
Interest rate swaps	$	15,727	$	(16,188	)

The following table summarizes the pre-tax effects of the Company's derivative instruments on income for the quarters and nine-month periods ended April 28, 2017 and April 29, 2016:

	Location of Loss  Reclassified from  AOCL into Income  (Effective Portion)	Amount of Loss Reclassified from AOCL into Income (Effective Portion)
		Quarter Ended				Nine Months Ended
		April 28,  2017		April 29,  2016		April 28, 2017		April 29, 2016
Cash flow hedges:
Interest rate swaps	Interest expense	$	993	$	1,409	$	3,354	$	4,301