STOCK-BASED AWARDS (Tables)

12 Months Ended

Jul. 28, 2012

Stock-Based Awards [Abstract]

Stock-based Compensation Expense and Related Tax Benefit

Stock-based compensation expense and the related tax benefit recognized during fiscal 2012, 2011 and 2010 were as follows:

	Fiscal Year Ended
	2012		2011		2010
	(Dollars in thousands)
Stock-based compensation expense	$	6,952	$	4,409	$	3,351
Tax benefit recognized in the Statement of Operations	$	2,412	$	1,284	$	806

Valuation Assumptions

The following table summarizes the significant assumptions and the valuation of stock options and restricted share units granted during fiscal 2012, 2011 and 2010:

	Fiscal Year Ended
	2012			2011			2010
Weighted average fair value of restricted share units granted	$	19.49		$	13.60		$	8.56
Weighted average fair value of performance restricted share units granted	$	19.47		$	10.60		$	12.25
Weighted average fair value of stock options granted	$	12.51		$	8.15		$	5.06
Stock option assumptions:
Risk-free interest rate		1.8	%		2.3	%		2.7	%
Expected life (years)		9.4			6.8			6.8
Expected volatility		56.1	%		58.6	%		58.4	%
Expected dividends		-			-			-

Summary of Stock Option Award Activity

The following table summarizes stock option award activity during fiscal 2012:

	Stock Options
	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
						(In years)		(In thousands)
Outstanding as of July 30, 2011		3,879,555		$	15.91
Granted		124,816		$	19.44
Options Exercised		(617,103	)	$	10.52
Forfeited or cancelled		(88,521	)	$	14.95
Outstanding as of July 28, 2012		3,298,747		$	17.08		5.7	$	15,150
Exercisable options as of July 28, 2012		1,880,936		$	21.05		4.0	$	6,636

Summary of Restricted Stock Award Activity

The following table summarizes RSU and Performance RSU activity during fiscal 2012:

	Restricted Stock
	RSUs						Performance RSUs
	Share Units			Weighted Average Grant Price		Aggregate Intrinsic Value	Share Units			Weighted Average Grant Price		Aggregate Intrinsic Value
						(In thousands)						(In thousands)
Outstanding as of July 30, 2011		215,319		$	11.56			149,552		$	10.49
Granted		95,095		$	19.49			721,596		$	19.47
Share Units Vested		(81,340	)	$	12.30			(17,745	)	$	10.09
Forfeited or cancelled		(6,314	)	$	11.88			(79,139	)	$	11.57
Outstanding as of July 28, 2012		222,760		$	14.49	$               3,938		774,264		$	18.76	$             13,689