Computation of Earnings Per Common Share (Tables)

9 Months Ended

Apr. 29, 2017

Schedule of Earnings Per Share Reconciliation

The following table sets forth the computation of basic and diluted earnings per common share (dollars in thousands, except per share amounts):



	For the Three Months Ended				For the Nine Months Ended
	April 29, 2017		April 23, 2016		April 29, 2017		April 23, 2016
Net income available to common stockholders (numerator)	$	38,796	$	33,083	$	113,509	$	79,380

Weighted-average number of common shares (denominator)	31,357,124		32,433,560		31,439,981		32,656,490

Basic earnings per common share	$	1.24	$	1.02	$	3.61	$	2.43

Weighted-average number of common shares	31,357,124		32,433,560		31,439,981		32,656,490
Potential shares of common stock arising from stock options, and unvested restricted share units	552,802		617,374		651,110		830,025
Total shares-diluted (denominator)	31,909,926		33,050,934		32,091,091		33,486,515

Diluted earnings per common share	$	1.22	$	1.00	$	3.54	$	2.37

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted-average number of common shares outstanding used in the computation of diluted earnings per common share does not include the effect of the following instruments because their inclusion would have been anti-dilutive:



	For the Three Months Ended		For the Nine Months Ended
	April 29, 2017	April 23, 2016	April 29, 2017	April 23, 2016
Stock-based awards	96,020	116,544	64,632	79,792
0.75% convertible senior notes due 2021	5,005,734	5,005,734	5,005,734	5,005,734
Warrants	5,005,734	5,005,734	5,005,734	5,005,734
Total anti-dilutive weighted shares excluded from the calculation of earnings per common share	10,107,488	10,128,012	10,076,100	10,091,260