Share-Based Compensation (Tables)

12 Months Ended

Jul. 28, 2023

Share-Based Compensation [Abstract]

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 28, 2023:

Long-Term Performance Plan (“LTPP”)	Performance Period	Vesting Period (in Years)
2023 LTPP	2023 – 2025	3
2022 LTPP	2022 – 2024	3

Outstanding Awards under LTPP

The following table summarizes the shares that have been accrued under the 2023 LTPP and 2022 LTPP at July 28, 2023:

2023 LTPP	3,410
2022 LTPP	15,135

Nonvested Stock Activity

A summary of the Company’s nonvested stock activity as of July 28, 2023, and changes during 2023 are presented in the following table:

Nonvested Stock	Shares			Weighted-Average Grant Date Fair Value
Unvested at July 29, 2022		123,942		$	131.21
Granted		111,117			104.95
Vested		(33,289	)		148.60
Forfeited		(21,113	)		108.81
Unvested at July 28, 2023		180,657		$	114.47

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:

	2023		2022		2021
Total fair value of nonvested stock	$	4,947	$	6,166	$	3,200

Components of Share-based Compensation Expense

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

	2023		2022		2021
Total compensation expense	$	9,045	$	8,198	$	8,729

Unrecognized Compensation Cost, Nonvested Awards

The following table highlights the total unrecognized compensation expense related to the outstanding nonvested stock awards and nonvested stock units and the weighted-average periods over which the expense is expected to be recognized as of July 28, 2023:

	Nonvested Stock Awards
Total unrecognized compensation	$	8,038
Weighted-average period in years		1.82