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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Jul. 28, 2023
Derivative Instruments and Hedging Activities [Abstract]  
Pre-tax Effects of Derivative Instruments on AOCL and Income

The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCL for 2021:

 
 
Amount of Income Recognized in AOCL
on Derivatives (Effective Portion)
 
 
 
2021
 
Cash flow hedges:
     
Interest rate swaps
 
$
27,110

Changes in AOCL, Net of Tax, Related to Interest Rate Swaps

The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for 2021:


Location of Loss Reclassified from
 AOCL into Income (Effective Portion)
 
Amount of Loss Reclassified from AOCL
into Income (Effective Portion)
 
 
 
 
2021
 
Cash flow hedges:
 
     
Interest rate swaps
Interest expense
 
$
25,420
 
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps

The following table summarizes the amounts reclassified out of AOCL related to the Company’s interest rate swaps for the years ended July 30, 2021:

Details about AOCL
 
July 30, 2021
 
Affected Line Item in
the Consolidated
Statement of Income
Loss on cash flow hedges:
     
         
Interest rate swaps
 
$
(25,420
)
Interest expense
Tax benefit
   
6,342
 
Provision for income taxes
 
 
$
(19,078
)
Net of tax