Other Income, Net

6 Months Ended

Jan. 27, 2018

Other Income and Expenses [Abstract]

Other Income, Net

Other Income, Net

The components of other income, net, were as follows (dollars in thousands):

	Six Months Ended			Fiscal Year Ended
	January 27, 2018			July 29, 2017			July 30, 2016		July 25, 2015
Gain on sale of fixed assets	$	7,217		$	14,866		$	9,806	$	7,110
Miscellaneous expense, net	(992		)	(2,086		)	627		1,181
Total other income, net	$	6,225		$	12,780		$	10,433	$	8,291

The Company participates in a customer-sponsored vendor payment program. All eligible accounts receivable from this customer are included in the program and payment is received pursuant to a non-recourse sale to the customer’s bank partner. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. The Company incurs a discount fee to the bank on the payments received that is reflected as an expense component in other income, net, in the consolidated statements of operations. During the 2018 transition period, fiscal 2017, and fiscal 2016, miscellaneous expense, net includes approximately $1.4 million, $3.2 million and $0.2 million, respectively, of discount fee expense incurred in connection with the non-recourse sale of accounts receivable under this program. The program has not changed since its inception during fiscal 2016.