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Document And Entity Information - USD ($)	9 Months Ended
Document And Entity Information - USD ($)	Apr. 29, 2011	May 27, 2011	Jan. 29, 2010
Entity Registrant Name	CRACKER BARREL OLD COUNTRY STORE, INC
Entity Central Index Key	0001067294
Current Fiscal Year End Date	--07-29
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 826,981,332
Entity Common Stock, Shares Outstanding		22,975,567
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2011

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Apr. 29, 2011

Jul. 30, 2010

Current assets:

Cash and cash equivalents

$ 62,486

$ 47,700

^[1]

Accounts receivable

11,917

13,530

^[1]

Inventories

131,995

144,079

^[1]

Prepaid expenses and other current assets

10,782

8,609

^[1]

Deferred income taxes

17,448

22,341

^[1]

Total current assets

234,628

236,259

^[1]

Property and equipment

1,662,843

1,621,545

^[1]

Less: Accumulated depreciation and amortization of capital leases

653,345

617,442

^[1]

Property and equipment - net

1,009,498

1,004,103

^[1]

Other assets

55,409

51,705

^[1]

Total assets

1,299,535

1,292,067

^[1]

Current liabilities:

Accounts payable

82,254

116,218

^[1]

Current maturities of long-term debt and other long-term obligations

6,766

6,765

^[1]

Income taxes payable

2,550

7,624

^[1]

Deferred revenue

35,301

27,544

^[1]

Accrued interest expense

10,274

10,535

^[1]

Other accrued expenses

123,211

140,862

^[1]

Total current liabilities

260,356

309,548

^[1]

Long-term debt

568,525

573,744

^[1]

Interest rate swap liability

51,311

66,281

^[1]

Other long-term obligations

103,570

93,822

^[1]

Deferred income taxes

$ 55,878

$ 57,055

^[1]

Commitments and contingencies (Note 13)

Shareholders' equity:

Preferred stock - 100,000,000 shares of $.01 par value authorized; no shares issued

$ 0

^[1]

Common stock - 400,000,000 shares of $.01 par value authorized; 22,951,501 shares issued and outstanding at April 29, 2011, and 22,732,781 shares issued and outstanding at July 30, 2010

230

228

^[1]

Additional paid-in capital

10,334

6,200

^[1]

Accumulated other comprehensive loss

(36,944)

(48,849)

^[1]

Retained earnings

286,275

234,038

^[1]

Total shareholders' equity

259,895

191,617

^[1]

Total liabilities and shareholders' equity

$ 1,299,535

$ 1,292,067

^[1]

[1]	This condensed consolidated balance sheet has been derived from the audited consolidated balance sheet as of July 30, 2010, as filed in the Company's Annual Report on Form 10-K for the fiscal year ended July 30, 2010.

CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 29, 2011	Apr. 30, 2010	Apr. 29, 2011	Apr. 30, 2010
CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) [Abstract]
Total revenue	$ 582,525	$ 578,233	$ 1,821,493	$ 1,792,032
Cost of goods sold	179,774	173,041	578,917	562,410
Gross profit	402,751	405,192	1,242,576	1,229,622
Labor and other related expenses	227,437	226,047	675,223	679,401
Other store operating expenses	112,112	109,302	336,235	320,269
Store operating income	63,202	69,843	231,118	229,952
General and administrative expenses	33,955	38,012	103,899	108,488
Impairment and store dispositions, net	(1,958)	0	(1,874)	2,263
Operating income	31,205	31,831	129,093	119,201
Interest expense	11,619	12,186	35,163	37,249
Income before income taxes	19,586	19,645	93,930	81,952
Provision for income taxes	4,432	5,217	26,265	24,107
Net income	$ 15,154	$ 14,428	$ 67,665	$ 57,845
Net income per share:
Basic (in dollars per share)	$ 0.66	$ 0.62	$ 2.94	$ 2.52
Diluted (in dollars per share)	$ 0.64	$ 0.61	$ 2.85	$ 2.47
Weighted average shares:
Basic (in shares)	23,048,279	23,198,505	23,039,388	22,934,732
Diluted (in shares)	23,602,333	23,802,998	23,705,155	23,445,554
Dividends declared per share (in dollars per share)	$ 0.22	$ 0.20	$ 0.66	$ 0.60

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands

9 Months Ended

Apr. 29, 2011

Apr. 30, 2010

Cash flows from operating activities:

Net income

$ 67,665

$ 57,845

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

46,537

45,629

(Gain) loss on disposition of property and equipment

(2,062)

2,943

Impairment

2,175

2,263

Share-based compensation

7,335

10,088

Excess tax benefit from share-based compensation

(2,338)

(4,841)

Changes in assets and liabilities:

Inventories

12,084

16,969

Other current assets

(560)

4,324

Accounts payable

(33,964)

(13,930)

Accrued employee compensation

(13,430)

5,222

Other current liabilities

(89)

1,675

Other long-term assets and liabilities

5,825

8,568

Net cash provided by operating activities

89,178

136,755

Cash flows from investing activities:

Purchase of property and equipment

(59,410)

(40,218)

Proceeds from sale of property and equipment

8,124

229

Proceeds from insurance recoveries of property and equipment

126

224

Net cash used in investing activities

(51,160)

(39,765)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

112,000

339,600

Principal payments under long-term debt and other long-term obligations

(117,233)

(384,687)

Proceeds from exercise of share-based compensation awards

20,107

35,565

Excess tax benefit from share-based compensation

2,338

4,841

Purchases and retirement of common stock

(25,644)

(7,799)

Deferred financing costs

(2,908)

Dividends on common stock

(14,800)

(13,820)

Net cash used in financing activities

(23,232)

(29,208)

Net increase in cash and cash equivalents

14,786

67,782

Cash and cash equivalents, beginning of period

47,700

^[1]

11,609

Cash and cash equivalents, end of period

62,486

79,391

Cash paid during the period for:

Interest, excluding interest rate swap payments, net of amounts capitalized

10,377

11,262

Interest rate swaps

22,878

22,741

Income taxes

27,726

17,577

Supplemental schedule of non-cash financing activity:

Change in fair value of interest rate swaps

14,970

(510)

Change in deferred tax asset for interest rate swaps

$ (3,065)

$ 1,742

[1]	This condensed consolidated balance sheet has been derived from the audited consolidated balance sheet as of July 30, 2010, as filed in the Company's Annual Report on Form 10-K for the fiscal year ended July 30, 2010.

Condensed Consolidated Financial Statements

9 Months Ended

Apr. 29, 2011

Condensed Consolidated Financial Statements [Abstract]

Condensed Consolidated Financial Statements

1.	Condensed Consolidated Financial Statements

Cracker Barrel Old Country Store, Inc. (the “Company”) is principally engaged in the operation and development of the Cracker Barrel Old Country StoreÒ (“Cracker Barrel”) restaurant and retail concept.

Basis of Presentation

The condensed consolidated balance sheets at April 29, 2011 and July 30, 2010 and the related condensed consolidated statements of income and cash flows for the quarters and/or nine-month periods ended April 29, 2011 and April 30, 2010, have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) without audit. In the opinion of management, all adjustments (consisting of normal and recurring items) necessary for a fair presentation of such condensed consolidated financial statements have been made. The results of operations for any interim period are not necessarily indicative of results for a full year.

These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the year ended July 30, 2010 (the “2010 Form 10-K”). The accounting policies used in preparing these condensed consolidated financial statements are the same as described in the 2010 Form 10-K except for the addition of two accounting policies for share-based compensation and derivative instruments that are discussed below. References in these Notes to Condensed Consolidated Financial Statements to a year are to the Company's fiscal year unless otherwise noted.

Share-Based Compensation

If a share-based compensation award is modified after the grant date, incremental compensation expense is recognized in an amount equal to the excess of the fair value of the modified award over the fair value of the original award immediately before the modification. Incremental compensation expense for vested awards is recognized immediately. For unvested awards, the sum of the incremental compensation expense and the remaining unrecognized compensation expense for the original award on the modification date is recognized over the modified service period (See Note 11).

Derivative Instruments

Companies may elect whether or not to offset related assets and liabilities and report the net amount on their financial statements if the right of setoff exists. Under a master netting agreement, the Company has the legal right to offset the amounts owed to the Company against amounts owed by the Company under a derivative instrument that exists between the Company and a counterparty. The Company reports the fair value of these derivative instruments on a net basis in the condensed consolidated balance sheet.

Reclassifications

The Company has reclassified certain prior period amounts in its condensed consolidated statement of income in order to conform to the current period presentation in which impairment and store dispositions are not included in store operating income. The Company believes that the current period presentation of store operating income more appropriately reflects the results of its ongoing store operations. These reclassifications had no effect on operating income or net income.

The following table presents the effect of these reclassifications on store operating income for the quarter and nine-month period ended April 30, 2010:


	Quarter Ended April 30, 2010		Nine Months Ended April 30, 2010

Store operating income as previously reported	$	69,843	$	227,689
Impairment and store dispositions, net		--		2,263
Store operating income as currently reported	$	69,843	$	229,952

Fair Value Measurements

9 Months Ended

Apr. 29, 2011

Fair Value Measurements [Abstract]

Fair Value Measurements

2.	Fair Value Measurements

The Company's assets and liabilities measured at fair value on a recurring basis at April 29, 2011 were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value as of April 29, 2011

Cash equivalents*	$	43,668	$	--	$	--	$	43,668
Deferred compensation plan assets**		30,530		--		--		30,530
Total assets at fair value	$	74,198	$	--	$	--	$	74,198

Interest rate swap liability (Note 5)	$	--	$	51,311	$	--	$	51,311
Total liabilities at fair value	$	--	$	51,311	$	--	$	51,311

The Company's assets and liabilities measured at fair value on a recurring basis at July 30, 2010 were as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value as of July 30, 2010

Cash equivalents*	$	35,250	$	--	$	--	$	35,250
Deferred compensation plan assets**		25,935		--		--		25,935
Total assets at fair value	$	61,185	$	--	$	--	$	61,185

Interest rate swap liability (Note 5)	$	--	$	66,281	$	--	$	66,281
Total liabilities at fair value	$	--	$	66,281	$	--	$	66,281

*Consists of money market fund investments.

**Represents plan assets invested in mutual funds established under a Rabbi Trust for the Company's non-qualified savings plan and is included in the condensed consolidated balance sheet as other assets.

The Company's money market fund investments and deferred compensation plan assets are measured at fair value using quoted market prices. The fair value of the Company's interest rate swap liability is determined based on the present value of expected future cash flows. Since the Company's interest rate swap values are based on the LIBOR forward curve, which is observable at commonly quoted intervals for the full term of the swaps, they are considered a Level 2 input. Nonperformance risk is reflected in determining the fair value of the interest rate swaps by using the Company's credit spread less the risk-free interest rate, both of which are observable at commonly quoted intervals for the term of the swaps. Thus, the adjustment for nonperformance risk is also considered a Level 2 input.

The fair values of the Company's accounts receivable and accounts payable approximate their carrying amounts because of their short duration. The fair value of the Company's variable-rate term loans, based on quoted market prices, totaled approximately $575,859 and $566,510 at April 29, 2011 and July 30, 2010, respectively. See Note 4 for additional information on the Company's debt.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

During the quarter ended April 29, 2011, one leased Cracker Barrel store was determined to be impaired. Fair value of the leased store was determined by using a cash flow model. Assumptions used in the cash flow model included projected annual revenue growth rates and projected cash flows, which can be affected by economic conditions and management's expectations. The Company has determined that the majority of the inputs used to value its long-lived assets held and used are unobservable inputs, and thus, are considered Level 3 inputs. Based on its analysis, the Company reduced the leased store's carrying value to zero, resulting in an impairment charge of $2,175 (see Note 10).

During 2010, one leased store also was determined to be fully impaired using the same methodology and Level 3 inputs as described above (see Note 10). Additionally, during 2010, the Company closed one owned store and recorded an impairment charge of $409 for the amount by which the store's carrying value exceeded its fair value of $270. Fair value was determined based upon market comparables, which are considered Level 2 inputs. This closed store was sold during the quarter ended April 29, 2011.

Debt

9 Months Ended

Apr. 29, 2011

Debt [Abstract]

Debt

Long-term debt consisted of the following at:

	April 29, 2011			July 30, 2010

Term loans payable on or before April 27, 2013	$	344,377		$	347,559
Term loans payable on or before April 27, 2016		230,623			232,585
Note payable		271			346
		575,271			580,490
Current maturities		(6,746	)		(6,746	)
Long-term debt	$	568,525		$	573,744

The Company's credit facilities (the “Credit Facilities”) consist of term loans (aggregate outstanding at April 29, 2011 was $575,000) and a revolving credit facility (the “Revolving Credit Facility”), under which the Company has a borrowing capacity of $165,000 until January 27, 2013. At April 29, 2011, the Company's term loans were swapped at a weighted average interest rate of 7.47% (see Note 5).

At April 29, 2011, the Company did not have any outstanding borrowings under the Revolving Credit Facility. At April 29, 2011, the Company had outstanding $29,981 of standby letters of credit, which reduce the Company's availability under the Revolving Credit Facility (see Note 13). At April 29, 2011, the Company had $135,019 available under the Revolving Credit Facility.

The Credit Facilities contain customary financial covenants, which are specified in the agreement and include maintenance of a maximum consolidated total leverage ratio and a minimum consolidated interest coverage ratio. At April 29, 2011, the Company was in compliance with all debt covenants.

The Credit Facilities also impose restrictions on the amount of dividends the Company is able to pay. If there is no default then existing and there is at least $100,000 then available under the Revolving Credit Facility, the Company may both: (1) pay cash dividends on its common stock if the aggregate amount of dividends paid in any fiscal year is less than 15% of Consolidated EBITDA from continuing operations (as defined in the Credit Facilities) during the immediately preceding fiscal year; and (2) in any event, increase its regular quarterly cash dividend in any quarter by an amount not to exceed the greater of $.01 or 10% of the amount of the dividend paid in the prior fiscal quarter.

The note payable consists of a five-year note with a vendor in the original principal amount of $507 and represents the financing of prepaid maintenance for telecommunications equipment. The note payable is payable in monthly installments of principal and interest of $9 through October 16, 2013 and bears interest at 2.88%.

Derivative Instruments and Hedging Activities

9 Months Ended

Apr. 29, 2011

Derivative Instruments and Hedging Activities [Abstract]

Derivative Instruments and Hedging Activities

5.	Derivative Instruments and Hedging Activities

The Company uses derivative instruments, specifically interest rate swaps, to mitigate its interest rate risk. The Company does not hold or use derivative instruments for trading purposes. The Company also does not have any derivatives not designated as hedging instruments and has not designated any non-derivatives as hedging instruments.

The Company has interest rate risk relative to its outstanding borrowings under its Credit Facilities (see Note 4). Loans under the Credit Facilities bear interest, at the Company's election, either at the prime rate or LIBOR plus a percentage point spread based on certain specified financial ratios. The Company's policy has been to manage interest cost using a mix of fixed and variable rate debt (see Note 4). To manage this risk in a cost efficient manner, the Company has entered into two interest rate swaps.

On May 4, 2006, the Company entered into an interest rate swap (the “2006 swap”) in which it agreed to exchange with a counterparty, at specified intervals effective August 3, 2006, the difference between fixed and variable interest amounts calculated by reference to an agreed-upon notional principal amount. The swapped portion of the outstanding debt or notional amount of the interest rate swap over its remaining life is as follows:

From May 4, 2010 to May 2, 2011	$	575,000
From May 3, 2011 to May 2, 2012		550,000
From May 3, 2012 to May 3, 2013		525,000

The 2006 swap was accounted for as a cash flow hedge. The rate on the portion of the Company's outstanding debt covered by the 2006 swap is fixed at a rate of 5.57% plus the Company's credit spread over the initial 7-year life of the 2006 swap. The Company's weighted average credit spread at April 29, 2011 was 1.90%.

On August 10, 2010, the Company entered into a second interest rate swap (the “2010 swap”) in which it agreed to exchange with a counterparty, effective May 3, 2013, the difference between fixed and variable interest amounts calculated by reference to the notional principal amount of $200,000. This interest rate swap also was accounted for as a cash flow hedge. The rate on the portion of the Company's outstanding debt covered by the 2010 swap will be fixed at a rate of 2.73% plus the Company's credit spread over the 2-year life of the 2010 swap.

At April 29, 2011 and July 30, 2010, the estimated fair values of the Company's derivative instruments were as follows:

	Balance Sheet Location		April 29, 2011				July 30, 2010
Interest rate swaps (See Note 2)	Interest rate swap liability		$	51,311			$	66,281

When the Company is engaged in more than one outstanding derivative transaction with the same counterparty and also has a legally enforceable master netting agreement with that counterparty, its credit risk exposure is based on the net exposure under the master netting agreement. If, on a net basis, the Company owes the counterparty, the Company regards its credit exposure to the counterparty as being zero.

The estimated fair value of the Company's interest rate swap liability incorporates the Company's own non-performance risk (see Note 2). The adjustment related to non-performance risk at April 29, 2011 and July 30, 2010 resulted in reductions of $1,407 and $3,915, respectively, in the fair values of the interest rate swap liability. The offset to the interest rate swap liability is recorded in accumulated other comprehensive loss (“AOCL”), net of the deferred tax asset, and will be reclassified into earnings over the term of the underlying debt. As of April 29, 2011, the estimated pre-tax portion of AOCL that is expected to be reclassified into earnings over the next twelve months is $28,968. Cash flows related to the interest rate swaps are included in interest expense and in operating activities.

The following table summarizes the pre-tax effects of the Company's derivative instruments on AOCL for the nine-month period ended April 29, 2011 and the year ended July 30, 2010:

	Amount of Loss Recognized in AOCL on Derivatives (Effective Portion)
	Nine Months Ended		Year Ended
	April 29, 2011		July 30, 2010
Cash flow hedges:
Interest rate swaps	$	14,970	$	(5,049	)

The following table summarizes the pre-tax effects of the Company's derivative instruments on income for the quarters and nine-month periods ended April 29, 2011 and April 30, 2010:

	Location of Loss Reclassified from AOCL into Income (Effective Portion)	Amount of Loss Reclassified from AOCL into Income (Effective Portion)
		Quarter Ended				Nine Months Ended
		April 29, 2011		April 30, 2010		April 29, 2011		April 30, 2010
Cash flow hedges:
Interest rate swaps	Interest expense	$	7,765	$	8,111	$	22,878	$	22,741

No ineffectiveness has been recorded in the nine-month periods ended April 29, 2011 and April 30, 2010.

Impairment and Store Dispositions, Net

9 Months Ended

Apr. 29, 2011

Impairment and Store Dispositions, Net [Abstract]

Impairment and Store Dispositions, Net

10.	Impairment and Store Dispositions, Net

Impairment and store dispositions, net consisted of the following at:

	Quarter Ended					Nine Months Ended
	April 29, 2011			April 30, 2010		April 29, 2011			April 30, 2010
Impairment	$	2,175		$	--	$	2,175		$	2,263
Gains on disposition of stores		(4,133	)		--		(4,133	)		--
Store closing costs		--			--		84			--
Total	$	(1,958	)	$	--	$	(1,874	)	$	2,263

The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of assets is measured by comparing the carrying value of the asset to the undiscounted future cash flows expected to be generated by the asset. If the total expected future cash flows are less than the carrying value of the asset, the carrying value is written down, for an asset to be held and used, to the estimated fair value or, for an asset to be disposed of, to the fair value, net of estimated costs of disposal. Any loss resulting from impairment is recognized by a charge to income. During the quarter ended April 29, 2011, the Company determined that a leased store was impaired resulting in an impairment charge of $2,175. See Note 2 for information related to the determination of the fair value for this leased store. In the prior year, the Company also recognized an impairment charge of $2,263 on a leased store. Each of these leased stores was impaired because of declining operating performance and resulting negative cash flow projections.

During the quarter ended April 29, 2011, the Company's gain on disposition of stores included gains resulting from the sale of two closed stores and a condemnation award. The Company received net proceeds of $1,054 from the sale of the closed stores, which resulted in a gain of $485. The condemnation award consisted of net proceeds of $6,576, which resulted in a gain of $3,648. On May 2, 2011, the Company closed the store on which the condemnation award was received.

During the nine-month period ended April 29, 2011, the Company incurred store closing charges of $84 related to a store the Company closed in the last week of 2010.

Share-Based Compensation

9 Months Ended

Apr. 29, 2011

Share-Based Compensation Note [Abstract]

Share-Based Compensation

11.	Share-Based Compensation

On September 23, 2010, the Company granted stock options to certain executives that were subject to defeasance in the event that the 2010 Omnibus Incentive Compensation Plan (“2010 Omnibus Plan”) was approved by the shareholders at the Company's Annual Shareholder meeting held on December 1, 2010. Pursuant to the approval of the 2010 Omnibus Plan, the stock options were defeased and replaced with grants of performance-based stock units (“PBSUs”). Subject to the respective executive's continued employment, the PBSUs will vest at the end of the performance period, which consists of the Company's 2011, 2012 and 2013 years. The stock option awards would have vested at a cumulative rate of 33% per year beginning on the first anniversary of the grant date.

The number of PBSUs that will ultimately be earned and will, therefore, vest is based on total shareholder return, which is defined as increases in the Company's stock price plus dividends paid during the performance period. The target number of shares that will be earned by and awarded to the seven executives in the event that there is no change in total shareholder return is 62,300. The maximum number of shares that may be awarded to the seven executives is 150% of the target number of shares, or 93,450. The probability of the actual shares expected to be earned is considered in the grant date valuation; therefore, the expense will not be adjusted to reflect the actual units earned. The vesting of the PBSUs is also subject to the achievement of a minimum level of operating income during the performance period. If this performance goal is not met, no PBSUs will be awarded and no compensation expense will be recorded.

The fair value of the PBSUs was determined using the Monte-Carlo simulation model, which simulates a range of possible future stock prices and estimates the probabilities of the potential payouts. This model incorporates several key assumptions that are similar to those used to value stock options. Those inputs include expected volatility, risk-free rate of return and expected dividend yield. Additionally, the Monte-Carlo simulation model uses the 60-consecutive calendar days beginning average price from July 1, 2010 to August 31, 2010.

The defeasance of the stock options and the replacement grant of the PBSUs were accounted for as a modification and resulted in incremental compensation expense of $1,221. Incremental compensation expense is defined as the excess of the fair value of the modified award over the fair value of the original award immediately before the modification. The sum of the incremental compensation expense and the remaining unrecognized compensation expense for the original stock option award at the modification date will be recorded over the modified service period (See Note 1).

During the second quarter of 2011, based on the Company's determination that a performance goal would not be achieved with respect to a portion of one executive's nonvested stock grants, the Company reversed approximately $314 of share-based compensation expense. The Company did not have any similar reversals in the prior year.

Share-based compensation expense is recorded in general and administrative expenses. For the quarter and nine-month period ended April 29, 2011, share-based compensation expense totaled $482 and $1,669, respectively, for stock options and $1,626 and $4,997 respectively, for nonvested stock. For the quarter and nine-month period ended April 29, 2011, share-based compensation expense for PBSUs totaled $308 and $669, respectively. For the quarter and nine-month period ended April 30, 2010, share-based compensation expense totaled $727 and $2,438, respectively, for stock options and $3,536 and $7,650, respectively, for nonvested stock.

Commitments and Contingencies

9 Months Ended

Apr. 29, 2011

Commitments and Contingencies [Abstract]

Commitments and Contingencies

13.	Commitments and Contingencies

The Company and its subsidiaries are parties to various legal and regulatory proceedings and claims incidental to and arising out of the ordinary course of its business. In the opinion of management, based upon information currently available, the ultimate liability with respect to these proceedings and claims will not materially affect the Company's consolidated results of operations or financial position.

The Company is contingently liable pursuant to standby letters of credit as credit guarantees related to insurers. At April 29, 2011, the Company had $29,981 of standby letters of credit related to securing reserved claims under workers' compensation insurance. All standby letters of credit are renewable annually and reduce the Company's availability under its Revolving Credit Facility (see Note 4 for further information on the Company's Revolving Credit Facility).

The Company is secondarily liable for lease payments under the terms of an operating lease that has been assigned to a third party. At April 29, 2011, the lease has a remaining life of approximately 2.4 years with annual lease payments of approximately $361 for a total guarantee of $872. The Company's performance is required only if the assignee fails to perform its obligations as lessee. At this time, the Company has no reason to believe that the assignee will not perform, and, therefore, no provision has been made in the accompanying condensed consolidated balance sheet for amounts to be paid in case of non-performance by the assignee.

Upon the sale of Logan's Roadhouse, Inc. (“Logan's”) in 2007, the Company reaffirmed its guarantee on the lease payments for two Logan's restaurants. At April 29, 2011, the operating leases have remaining lives of 0.7 and 8.9 years with annual payments of approximately $94 and $108, respectively, for a total guarantee of $1,071. The Company's performance is required only if Logan's fails to perform its obligations as lessee. At this time, the Company has no reason to believe Logan's will not perform, and therefore, no provision has been made in the condensed consolidated balance sheet for amounts to be paid as a result of non-performance by Logan's.

The Company enters into certain indemnification agreements in favor of third parties in the ordinary course of business. The Company believes that the probability of incurring an actual liability under such indemnification agreements is sufficiently remote so that no liability has been recorded. In connection with the divestiture of Logan's (see Note 15 to the Company's Consolidated Financial Statements included in the 2010 Form 10-K), the Company entered into various agreements to indemnify third parties against certain tax obligations, for any breaches of representations and warranties in the applicable transaction documents and for certain costs and expenses that may arise out of specified real estate matters, including potential relocation and legal costs. The Company believes that the probability of being required to make any indemnification payments to Logan's is remote, and therefore, no provision has been recorded in the condensed balance sheet for potential indemnifications.

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) Parenthetical - $ / shares	Apr. 29, 2011	Jul. 30, 2010
Shareholders' equity:
Preferred stock, shares of authorized (in shares)	100,000,000	100,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	22,951,501	22,732,781
Common stock, shares outstanding (in shares)	22,951,501	22,732,781