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Prepaid expenses and other current assets

181,569

156,253

20,989

16,347

Total current assets

325,734

306,752

Property and equipment

2,241,679

2,212,601

Less: Accumulated depreciation and amortization of capital leases

1,083,700

1,063,466

Property and equipment - net

1,157,979

1,149,135

Other assets

75,884

71,468

Total assets

1,559,597

1,527,355

Current Liabilities:

Accounts payable

131,156

122,332

Income taxes payable

9,891

764

Accrued interest expense

1,358

Other current liabilities

233,899

241,474

Total current liabilities

376,304

364,619

Long-term debt

400,000

Other long-term obligations

130,756

128,794

Deferred income taxes

52,359

52,161

Commitments and Contingencies (Note 12)

Shareholders' Equity:

Preferred stock - 100,000,000 shares of $.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued

Common stock - 400,000,000 shares of $.01 par value authorized; 24,034,375 shares issued and outstanding at November 2, 2018, and 24,011,550 shares issued and outstanding at August 3, 2018

240

Additional paid-in capital

44,122

44,049

Accumulated other comprehensive income

5,978

4,685

Retained earnings

549,838

532,807

Total shareholders' equity

600,178

581,781

Total liabilities and shareholders' equity

$ 1,559,597

$ 1,527,355

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Nov. 02, 2018	Aug. 03, 2018
Shareholders' Equity:
Preferred stock, shares 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)	24,034,375	24,011,550
Common stock, shares outstanding (in shares)	24,034,375	24,011,550
Series A Junior Participating Preferred Stock [Member]
Shareholders' Equity:
Preferred stock, shares authorized (in shares)	300,000	300,000

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 02, 2018	Oct. 27, 2017
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]
Total revenue	$ 733,543	$ 710,368
Cost of goods sold (exclusive of depreciation and rent)	222,293	210,749
Labor and other related expenses	258,159	248,068
Other store operating expenses	152,478	143,820
Store operating income	100,613	107,731
General and administrative expenses	38,935	36,893
Operating income	61,678	70,838
Interest expense	4,349	3,618
Income before income taxes	57,329	67,220
Provision for income taxes	10,122	20,840
Net income	$ 47,207	$ 46,380
Net income per share:
Basic (in dollars per share)	$ 1.97	$ 1.93
Diluted (in dollars per share)	$ 1.96	$ 1.92
Weighted average shares:
Basic (in shares)	24,022,586	24,035,202
Diluted (in shares)	24,073,722	24,105,187
Dividends declared per share (in dollars per share)	$ 1.25	$ 1.20
Dividends paid per share (in dollars per share)	$ 1.25	$ 1.20

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 02, 2018	Oct. 27, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 47,207	$ 46,380
Other comprehensive income before income tax expense:
Change in fair value of interest rate swaps	1,699	3,055
Income tax expense	406	1,168
Other comprehensive income, net of tax	1,293	1,887
Comprehensive income	$ 48,500	$ 48,267

Balance (in shares) at Aug. 03, 2018

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - 3 months ended Nov. 02, 2018 - USD ($)
$ in Thousands

Common Stock [Member]

Additional Paid-In Capital [Member]

Accumulated Other Comprehensive Income [Member]

Retained Earnings [Member]

Total

Balance at Aug. 03, 2018

$ 240

$ 44,049

$ 4,685

$ 532,807

$ 581,781

^[1]

24,011,550

Comprehensive Income:

Net income

$ 0

47,207

$ 47,207

Other comprehensive income, net of tax

1,293

Comprehensive income

1,293

47,207

48,500

Cash dividends declared - $1.25 per share

(30,176)

Share-based compensation

2,089

Issuance of share-based compensation awards, net of shares withheld for employee taxes

$ 0

(2,016)

Issuance of share-based compensation awards, net of shares withheld for employee taxes (in shares)

22,825

Balance at Nov. 02, 2018

$ 240

$ 44,122

$ 5,978

$ 549,838

$ 600,178

Balance (in shares) at Nov. 02, 2018

24,034,375

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Nov. 02, 2018	Oct. 27, 2017
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividends declared (in dollars per share)	$ 1.25	$ 1.20

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

3 Months Ended

Nov. 02, 2018

Oct. 27, 2017

Cash flows from operating activities:

Net income

$ 47,207

$ 46,380

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

Depreciation and amortization

24,838

21,631

Loss on disposition of property and equipment

3,056

1,204

Share-based compensation

2,089

2,035

Changes in assets and liabilities:

Other current liabilities

(25,316)

(35,114)

Other current assets

(6,691)

871

Accounts payable

8,824

11,732

3,633

(10,169)

Other long-term assets and liabilities

1,987

(293)

Net cash provided by operating activities

59,627

38,277

Cash flows from investing activities:

Purchase of property and equipment

(37,070)

(30,613)

Proceeds from insurance recoveries of property and equipment

324

Proceeds from sale of property and equipment

110

Net cash used in investing activities

(36,666)

(30,417)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

400,000

(Taxes withheld) and proceeds from issuance of share-based compensation awards, net

(2,016)

(3,383)

Principal payments under long-term debt

(400,000)

Purchases and retirement of common stock

(14,772)

Deferred financing costs

(3,022)

Dividends on common stock

(30,948)

(30,513)

Net cash used in financing activities

(35,986)

(48,668)

Net decrease in cash and cash equivalents

(13,025)

(40,808)

Cash and cash equivalents, beginning of period

114,656

^[1]

161,001

Cash and cash equivalents, end of period

101,631

120,193

Cash paid during the period for:

Interest, net of amounts capitalized

2,570

3,340

Income taxes

219

194

Supplemental schedule of non-cash investing and financing activities:

Capital expenditures accrued in accounts payable

10,075

6,356

Change in fair value of interest rate swaps

1,699

3,055

Change in deferred tax asset for interest rate swaps

(406)

(1,168)

Dividends declared but not yet paid

$ 31,010

$ 29,735

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.

Condensed Consolidated Financial Statements

3 Months Ended

Nov. 02, 2018

Condensed Consolidated Financial Statements [Abstract]

Condensed Consolidated Financial Statements

1.	Condensed Consolidated Financial Statements

Cracker Barrel Old Country Store, Inc. and its affiliates (collectively, in these Notes to Condensed Consolidated Financial Statements, the “Company”) are principally engaged in the operation and development in the United States of the Cracker Barrel Old Country Store® (“Cracker Barrel”) concept.

The condensed consolidated balance sheets at November 2, 2018 and August 3, 2018, the related condensed consolidated statement of changes in shareholders’ equity at November 2, 2018 and the related condensed consolidated statements of income, comprehensive income and cash flows for the quarters ended November 2, 2018 and October 27, 2017, respectively, have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America 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 August 3, 2018 (the “2018 Form 10-K”). The accounting policies used in preparing these condensed consolidated financial statements are the same as described in the 2018 Form 10-K except for the expanded accounting policy disclosure for revenue recognition discussed in Note 8. References to a year in these Notes to Condensed Consolidated Financial Statements are to the Company’s fiscal year unless otherwise noted.

Recent Accounting Pronouncements Adopted

Revenue Recognition

In May 2014, the Financial Accounting Standards Board (“FASB”) issued accounting guidance which clarifies the principles for recognizing revenue and provides a comprehensive model for revenue recognition. Revenue recognition should depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted this accounting guidance using the modified retrospective transition method. The adoption of this accounting guidance in the first quarter of 2019 did not have a material effect on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative catch-up adjustment to the opening balance of retained earnings. See Note 8 for further discussion on revenue recognition accounting policies and related disclosures.

Recognition of Breakage for Certain Prepaid Stored-Value Products

In March 2016, in order to address diversity in practice related to the derecognition of a prepaid stored-value product liability, the FASB issued accounting guidance requiring breakage for prepaid stored-value product liabilities to be accounted for consistent with the breakage guidance in the revenue recognition standard (see “Revenue Recognition” above). This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This accounting guidance may be applied either on a modified retrospective basis or on a retrospective basis. The Company adopted this accounting guidance using the modified retrospective transition method. The adoption of this accounting guidance in the first quarter of 2019 did not have a significant impact on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative catch-up adjustment to the opening balance of retained earnings.

Modification of Share-Based Payment Awards

In May 2017, the FASB issued accounting guidance to provide clarity, reduce the diversity in practice and to simplify the accounting guidance related to a change to the terms or conditions of a share-based payment award. This new standard provides guidance for evaluating which changes to the terms or conditions of a share-based payment award are substantive and require modification accounting to be applied. This accounting guidance is effective for fiscal periods beginning after December 15, 2017, and interim periods within those fiscal years on a prospective basis. The adoption of this accounting guidance in the first quarter of 2019 did not have a significant impact on the Company’s consolidated financial position or results of operations.

Recent Accounting Pronouncements Not Yet Adopted

Leases

In February 2016, the FASB issued accounting guidance which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years on a modified retrospective basis. Early adoption is permitted. The Company is in the process of implementing software to assist in the quantification of the impact of the Company’s consolidated financial position and results of operations related to the adoption of this accounting guidance in the first quarter of 2020.

Accounting for Hedging Activities

In August 2017, the FASB issued accounting guidance which amends the recognition, presentation and disclosure requirements of hedge accounting in order to better portray the economics of entities’ risk management activities, increase transparency and understandability of hedging relationships and simplify the application of hedge accounting. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted. The recognition requirements for cash flow and net investment hedges existing at the date of adoption will be applied using a cumulative-effect adjustment to retained earnings. The amended presentation and disclosure requirements will be applied on a prospective basis. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020.

Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

On December 22, 2017, the U.S. government enacted P.L. 115-97, the Tax Cuts and Jobs Act (the “Tax Act”). In February 2018, the FASB issued accounting guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulted from the Tax Act. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. If elected, this accounting guidance should be applied either in the period of adoption or retrospectively to each period in which the change in the U.S. federal corporate rate in the Tax Act is recognized. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020.

Share-Based Payment Arrangements With Nonemployees

In June 2018, the FASB issued accounting guidance in order to simplify accounting for share-based payments granted to nonemployees for goods and services. This new guidance aligns most of the accounting requirements for share-based payments granted to nonemployees with the existing guidance for share-based payments granted to employees. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, using a modified retrospective transition approach. Early adoption is permitted. The Company does not expect that the adoption of this accounting guidance in the first quarter of 2020 will have a significant impact on the Company’s consolidated financial position or results of operations.

Fair Value Measurements

3 Months Ended

Nov. 02, 2018

Fair Value Measurements [Abstract]

Fair Value Measurements

2.	Fair Value Measurements

The Company’s assets measured at fair value on a recurring basis at November 2, 2018 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	25,446	$	--	$	--	$	25,446
Interest rate swap asset (see Note 5)		--		6,682		--		6,682
Total	$	25,446	$	6,682	$	--	$	32,128
Deferred compensation plan assets**								34,108
Total assets at fair value							$	66,236

The Company’s assets measured at fair value on a recurring basis at August 3, 2018 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	38,446	$	--	$	--	$	38,446
Interest rate swap asset (see Note 5)		--		6,255		--		6,255
Total	$	38,446	$	6,255	$	--	$	44,701
Deferred compensation plan assets**								32,669
Total assets at fair value							$	77,370

*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 Sheets as other assets.

The Company’s money market fund investments are measured at fair value using quoted market prices. The fair values of the Company’s interest rate swap assets are determined based on the present value of expected future cash flows. Since the values of the Company’s interest rate swaps are based on the LIBOR forward curve, which is observable at commonly quoted intervals for the full terms of the swaps, it is considered a Level 2 input. Non-performance 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 terms of the swaps. Thus, the adjustment for non-performance risk is also considered a Level 2 input. The Company’s deferred compensation plan assets are measured based on net asset value per share as a practical expedient to estimate fair value.

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 debt, based on quoted market prices, which are considered Level 1 inputs, approximates its carrying amount at November 2, 2018 and August 3, 2018.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventories

3 Months Ended

Nov. 02, 2018

Inventories [Abstract]

Derivative Instruments and Hedging Activities [Abstract]

3.	Inventories

Inventories were comprised of the following at:

	November 2, 2018		August 3, 2018
Retail	$	135,855	$	117,606
Restaurant		26,935		20,659
Supplies		18,779		17,988
Total	$	181,569	$	156,253

Debt

3 Months Ended

Nov. 02, 2018

Debt [Abstract]

Debt

On September 5, 2018, the Company entered into a five-year $950,000 revolving credit facility (“2019 Revolving Credit Facility”). The 2019 Revolving Credit Facility also contains an option to increase the revolving credit facility by $300,000. The 2019 Revolving Credit Facility replaced the Company’s $750,000 revolving credit facility (“Prior Credit Facility”). Loan acquisition costs associated with the 2019 Revolving Credit Facility were capitalized in the amount of $3,022 and will be amortized over the five-year term of the 2019 Revolving Credit Facility. Loan acquisition costs of $166 associated with the Prior Credit Facility were written off in the first quarter of 2019 and are recorded in interest expense in the Condensed Consolidated Statement of Income.

At both November 2, 2018 and August 3, 2018, the Company had $400,000 of outstanding borrowings under its credit facility. At November 2, 2018, the Company had $8,955 of standby letters of credit, which reduce the Company’s borrowing availability under the 2019 Revolving Credit Facility (see Note 12 for more information on the Company’s standby letters of credit). At November 2, 2018, the Company had $541,045 in borrowing availability under the 2019 Revolving Credit Facility.

In accordance with the 2019 Revolving Credit Facility, outstanding borrowings bear interest, at the Company’s election, either at LIBOR or prime plus a percentage point spread based on certain specified financial ratios under the 2019 Revolving Credit Facility. As of November 2, 2018, the Company’s outstanding borrowings were swapped at a weighted average interest rate of 3.73% (see Note 5 for information on the Company’s interest rate swaps).

The 2019 Revolving Credit Facility contains customary financial covenants, which include maintenance of a maximum consolidated total leverage ratio and a minimum consolidated interest coverage ratio. At November 2, 2018, the Company was in compliance with all financial covenants.

The 2019 Revolving Credit Facility also imposes restrictions on the amount of dividends the Company is permitted to pay and the amount of shares the Company is permitted to repurchase. Under the 2019 Revolving Credit Facility, provided there is no default existing and the total of the Company’s availability under the 2019 Revolving Credit Facility plus the Company’s cash and cash equivalents on hand is at least $100,000 (the “cash availability”), the Company may declare and pay cash dividends on shares of its common stock and repurchase shares of its common stock (1) in an unlimited amount if, at the time such dividend or repurchase is made, the Company’s consolidated total leverage ratio is 3.00 to 1.00 or less and (2) in an aggregate amount not to exceed $100,000 in any fiscal year if the Company’s consolidated total leverage ratio is greater than 3.00 to 1.00 at the time the dividend or repurchase is made; notwithstanding (1) and (2), so long as immediately after giving effect to the payment of any such dividends, cash availability is at least $100,000, the Company may declare and pay cash dividends on shares of its common stock in an aggregate amount not to exceed in any fiscal year the product of the aggregate amount of dividends declared in the fourth quarter of the immediately preceding fiscal year multiplied by four.

Derivative Instruments and Hedging Activities

3 Months Ended

Nov. 02, 2018

Derivative Instruments and Hedging Activities

5.	Derivative Instruments and Hedging Activities

The Company has interest rate risk relative to its outstanding borrowings (see Note 4 for information on the Company’s outstanding borrowings). The Company’s policy has been to manage interest cost using a mix of fixed and variable rate debt. To manage this risk in a cost-efficient manner, the Company uses derivative instruments, specifically interest rate swaps.

For each of the Company’s interest rate swaps, the Company has agreed to exchange with a counterparty the difference between fixed and variable interest amounts calculated by reference to an agreed-upon notional principal amount. The interest rates on the portion of the Company’s outstanding debt covered by its interest rate swaps are fixed at the rates in the table below plus the Company’s credit spread. The Company’s credit spread at November 2, 2018 was 1.25%. All of the Company’s interest rate swaps are accounted for as cash flow hedges.

A summary of the Company’s interest rate swaps at November 2, 2018 is as follows:

Trade Date	Effective Date	Term (in Years)	Notional Amount		Fixed Rate
June 18, 2014	May 3, 2015	4	$	160,000		2.51	%
June 24, 2014	May 3, 2015	4		120,000		2.51	%
July 1, 2014	May 5, 2015	4		120,000		2.43	%
January 30, 2015	May 3, 2019	2		60,000		2.16	%
January 30, 2015	May 4, 2021	3		120,000		2.41	%
January 30, 2015	May 3, 2019	2		60,000		2.15	%
January 30, 2015	May 4, 2021	3		80,000		2.40	%

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.

Companies may elect 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. 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 values of the Company’s derivative instruments as of November 2, 2018 and August 3, 2018 were as follows:

(See Note 2)	Balance Sheet Location	November 2, 2018		August 3, 2018
Interest rate swaps	Prepaid expenses and other current assets	$	437	$	169
Interest rate swaps	Other assets		6,245		6,086
Total assets		$	6,682	$	6,255

*These interest rate swap assets are recorded at gross at both November 2, 2018 and August 3, 2018 since there were no offsetting liabilities under the Company’s master netting agreements.

The estimated fair value of the Company’s interest rate swap assets incorporates the Company’s non-performance risk (see Note 2). The adjustment related to the Company’s non-performance risk at November 2, 2018 and August 3, 2018 resulted in reductions of $244 and $213, respectively, in the fair value of the interest rate swap assets. The offset to the interest rate swap asset is recorded in accumulated other comprehensive income (“AOCI”), net of the deferred tax asset, and will be reclassified into earnings over the term of the underlying debt. As of November 2, 2018, the estimated pre-tax portion of AOCI that is expected to be reclassified into earnings over the next twelve months is $813. 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 AOCI for the three months ended November 2, 2018 and the year ended August 3, 2018:

	Amount of Income Recognized in AOCI on Derivatives (Effective Portion)
	Three Months Ended November 2, 2018		Year Ended August 3, 2018
Cash flow hedges:
Interest rate swaps	$	1,699	$	13,103

The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swaps for the three months ended November 2, 2018 (see Notes 2 and 5):

	Changes in AOCI
AOCI balance at August 3, 2018	$	4,685
Other comprehensive income before reclassifications		1,293
Amounts reclassified from AOCI		--
Other comprehensive income, net of tax		1,293
AOCI balance at November 2, 2018	$	5,978

The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters ended November 2, 2018 and October 27, 2017:

	Location of Loss Reclassified from AOCI into Income (Effective Portion)	Amount of Loss Reclassified from AOCI into Income (Effective Portion)
		Quarter Ended
		November 2, 2018		October 27, 2017
Cash flow hedges:
Interest rate swaps	Interest expense	$	--	$	1,064

Any portion of the fair value of the swaps determined to be ineffective will be recognized currently in earnings. No ineffectiveness has been recorded in the three-month periods ended November 2, 2018 and October 27, 2017.

Seasonality

3 Months Ended

Nov. 02, 2018

Seasonality [Abstract]

Seasonality

6.	Seasonality

Historically, the net income of the Company has been lower in the first and third quarters and higher in the second and fourth quarters. Management attributes these variations to the holiday shopping season and the summer vacation and travel season. The Company's retail sales, which are made substantially to the Company’s restaurant customers, historically have been highest in the Company's second quarter, which includes the holiday shopping season. Historically, interstate tourist traffic and the propensity to dine out have been higher during the summer months, thereby contributing to higher profits in the Company’s fourth quarter. The Company generally opens additional new locations throughout the year. Therefore, the results of operations for any interim period cannot be considered indicative of the operating results for an entire year.

Segment Information

3 Months Ended

Nov. 02, 2018

Segment Information [Abstract]

Segment Information

7.	Segment Information

Cracker Barrel stores represent a single, integrated operation with two related and substantially integrated product lines. The operating expenses of the restaurant and retail product lines of a Cracker Barrel store are shared and are indistinguishable in many respects. Accordingly, the Company currently manages its business on the basis of one reportable operating segment. All of the Company’s operations are located within the United States.

Revenue Recognition

3 Months Ended

Nov. 02, 2018

Revenue Recognition [Abstract]

Revenue Recognition

8.	Revenue Recognition

Revenue consists primarily of sales from restaurant and retail operations. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a restaurant guest, retail customer or other customer. The Company’s policy is to present sales in the Condensed Consolidated Statements of Income on a net presentation basis after deducting sales tax.

Disaggregation of revenue

Total revenue was comprised of the following for the specified periods:

	Quarter Ended
	November 2, 2018		October 27, 2017
Revenue:
Restaurant	$	590,978	$	578,237
Retail		142,565		132,131
Total revenue	$	733,543	$	710,368

Restaurant Revenue

The Company recognizes revenues from restaurant sales when payment is tendered at the point of sale, as the Company’s performance obligation to provide food and beverages is satisfied.

Retail Revenue

The Company recognizes revenues from retail sales when payment is tendered at the point of sale, as the Company’s performance obligation to provide merchandise is satisfied. Ecommerce sales, including shipping revenue, are recorded upon delivery to the customer. Additionally, estimated sales returns are calculated based on return history and sales levels.

Gift Card Breakage

Included in restaurant and retail revenue is gift card breakage. Customer purchases of gift cards, to be utilized at the Company's stores, are not recognized as sales until the card is redeemed and the customer purchases food and/or merchandise. Gift cards do not carry an expiration date; therefore, customers can redeem their gift cards indefinitely. A certain number of gift cards will not be fully redeemed. Management estimates unredeemed balances and recognizes gift card breakage revenue for these amounts in the Company's Condensed Consolidated Statements of Income over the expected redemption period. Gift card breakage is recognized when the likelihood of a gift card being redeemed by the customer is remote and the Company determines that there is not a legal obligation to remit the unredeemed gift card balance to the relevant jurisdiction. The determination of the gift card breakage rate is based upon the Company’s specific historical redemption patterns. The Company recognizes gift card breakage by applying its estimate of the rate of gift card breakage over the period of estimated redemption. For the three months ended November 2, 2018 and October 27, 2017, respectively, gift card breakage was $1,341 and $1,322.

Deferred revenue related to the Company’s gift cards was $72,187 and $76,199, respectively, at November 2, 2018 and August 3, 2018. Revenue recognized in the Condensed Consolidated Statements of Income for the three months ended November 2, 2018 and October 27, 2017, respectively, for the redemption of gift cards which were included in the deferred revenue balance at the beginning of the fiscal year was $18,139 and $17,371.

Share-Based Compensation

3 Months Ended

Nov. 02, 2018

Share-Based Compensation [Abstract]

Share-Based Compensation

9.	Share-Based Compensation

Share-based compensation is recorded in general and administrative expenses in the accompanying Condensed Consolidated Statements of Income. Total share-based compensation was comprised of the following for the specified periods:

	Quarter Ended
	November 2, 2018		October 27, 2017
Nonvested stock awards and units	$	2,089	$	1,792
Performance-based market stock units (“MSU Grants”)		--		243
	$	2,089	$	2,035

Income Taxes

3 Months Ended

Nov. 02, 2018

Income Taxes [Abstract]

Income Taxes

10.	Income Taxes

On December 22, 2017, the U.S. government enacted the Tax Act. The Tax Act made broad and complex changes to the U.S. tax code, including, but not limited to, reducing the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018. Accordingly, the Company will use a rate of 21% for its fiscal 2019 tax year to record federal corporate income taxes.

The SEC’s Staff Accounting Bulletin No. 118 (“SAB 118”) provides guidance on accounting for tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting guidance under FASB Accounting Standards Codification Topic 740, Income Taxes (“ASC 740”). In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, the company must record a provisional estimate to be included in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provision of the tax laws that were in effect immediately before the enactment of the Tax Act. While the Company is able to make reasonable estimates of the impact of the reduction in the corporate rate, the final impact of the Tax Act may differ from these estimates, due to, among other things, additional guidance that may be issued by the Internal Revenue Service, expected state tax responses to either follow or reject the federal changes, and changes in our interpretations and assumptions. The Company continues to gather additional information to determine the final impact. The Company expects to complete its analysis in the second quarter of 2019.

Net Income Per Share and Weighted Average Shares

3 Months Ended

Nov. 02, 2018

Net Income Per Share and Weighted Average Shares [Abstract]

Net Income Per Share and Weighted Average Shares

11.	Net Income Per Share and Weighted Average Shares

Basic consolidated net income per share is computed by dividing consolidated net income available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted consolidated net income per share reflects the potential dilution that could occur if securities, options or other contracts to issue shares of common stock were exercised or converted into shares of common stock and is based upon the weighted average number of shares of common stock and common equivalent shares outstanding during the reporting period. Common equivalent shares related to nonvested stock awards and units and MSU Grants issued by the Company are calculated using the treasury stock method. The outstanding nonvested stock awards and units, MSU Grants and stock options issued by the Company represent the only dilutive effects on diluted consolidated net income per share.

The following table reconciles the components of diluted earnings per share computations:

	Quarter Ended
	November 2, 2018		October 27, 2017
Net income per share numerator	$	47,207	$	46,380

Net income per share denominator:
Weighted average shares		24,022,586		24,035,202
Add potential dilution:
Nonvested stock awards and units, MSU Grants and stock options		51,136		69,985
Diluted weighted average shares		24,073,722		24,105,187

Commitments and Contingencies

3 Months Ended

Nov. 02, 2018

Commitments and Contingencies [Abstract]

Commitments and Contingencies

12.	Commitments and Contingencies

The Company and its subsidiaries are party to various legal and regulatory proceedings and claims incidental to their business in the ordinary course. In the opinion of management, based upon information currently available, the ultimate liability with respect to these contingencies will not materially affect the Company’s financial statements.

Related to its workers’ compensation insurance coverage, the Company is contingently liable pursuant to standby letters of credit as credit guarantees to certain insurers. As of November 2, 2018, the Company had $8,955 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 borrowing availability under its Revolving Credit Facility (see Note 4).

At November 2, 2018, the Company is secondarily liable for lease payments associated with two properties occupied by a third party. The Company is not aware of any non-performance under these lease arrangements that would result in the Company having to perform in accordance with the terms of these guarantees; and therefore, no provision has been recorded in the Condensed Consolidated Balance Sheets for amounts to be paid in case of non-performance by the primary obligor under such lease arrangements.

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 that no such liability has been recorded in the Condensed Consolidated Balance Sheet as of November 2, 2018.

Condensed Consolidated Financial Statements (Policies)	3 Months Ended
Condensed Consolidated Financial Statements (Policies)	Nov. 02, 2018
Condensed Consolidated Financial Statements [Abstract]
Recent Accounting Pronouncements Adopted and Not Yet Adopted	Recent Accounting Pronouncements Adopted Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued accounting guidance which clarifies the principles for recognizing revenue and provides a comprehensive model for revenue recognition. Revenue recognition should depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted this accounting guidance using the modified retrospective transition method. The adoption of this accounting guidance in the first quarter of 2019 did not have a material effect on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative catch-up adjustment to the opening balance of retained earnings. See Note 8 for further discussion on revenue recognition accounting policies and related disclosures. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, in order to address diversity in practice related to the derecognition of a prepaid stored-value product liability, the FASB issued accounting guidance requiring breakage for prepaid stored-value product liabilities to be accounted for consistent with the breakage guidance in the revenue recognition standard (see “Revenue Recognition” above). This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This accounting guidance may be applied either on a modified retrospective basis or on a retrospective basis. The Company adopted this accounting guidance using the modified retrospective transition method. The adoption of this accounting guidance in the first quarter of 2019 did not have a significant impact on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative catch-up adjustment to the opening balance of retained earnings. Modification of Share-Based Payment Awards In May 2017, the FASB issued accounting guidance to provide clarity, reduce the diversity in practice and to simplify the accounting guidance related to a change to the terms or conditions of a share-based payment award. This new standard provides guidance for evaluating which changes to the terms or conditions of a share-based payment award are substantive and require modification accounting to be applied. This accounting guidance is effective for fiscal periods beginning after December 15, 2017, and interim periods within those fiscal years on a prospective basis. The adoption of this accounting guidance in the first quarter of 2019 did not have a significant impact on the Company’s consolidated financial position or results of operations. Recent Accounting Pronouncements Not Yet Adopted Leases In February 2016, the FASB issued accounting guidance which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years on a modified retrospective basis. Early adoption is permitted. The Company is in the process of implementing software to assist in the quantification of the impact of the Company’s consolidated financial position and results of operations related to the adoption of this accounting guidance in the first quarter of 2020. Accounting for Hedging Activities In August 2017, the FASB issued accounting guidance which amends the recognition, presentation and disclosure requirements of hedge accounting in order to better portray the economics of entities’ risk management activities, increase transparency and understandability of hedging relationships and simplify the application of hedge accounting. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted. The recognition requirements for cash flow and net investment hedges existing at the date of adoption will be applied using a cumulative-effect adjustment to retained earnings. The amended presentation and disclosure requirements will be applied on a prospective basis. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 22, 2017, the U.S. government enacted P.L. 115-97, the Tax Cuts and Jobs Act (the “Tax Act”). In February 2018, the FASB issued accounting guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulted from the Tax Act. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. If elected, this accounting guidance should be applied either in the period of adoption or retrospectively to each period in which the change in the U.S. federal corporate rate in the Tax Act is recognized. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Share-Based Payment Arrangements With Nonemployees In June 2018, the FASB issued accounting guidance in order to simplify accounting for share-based payments granted to nonemployees for goods and services. This new guidance aligns most of the accounting requirements for share-based payments granted to nonemployees with the existing guidance for share-based payments granted to employees. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, using a modified retrospective transition approach. Early adoption is permitted. The Company does not expect that the adoption of this accounting guidance in the first quarter of 2020 will have a significant impact on the Company’s consolidated financial position or results of operations.

Fair Value Measurements (Tables)

3 Months Ended

Nov. 02, 2018

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s assets measured at fair value on a recurring basis at November 2, 2018 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	25,446	$	--	$	--	$	25,446
Interest rate swap asset (see Note 5)		--		6,682		--		6,682
Total	$	25,446	$	6,682	$	--	$	32,128
Deferred compensation plan assets**								34,108
Total assets at fair value							$	66,236

The Company’s assets measured at fair value on a recurring basis at August 3, 2018 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	38,446	$	--	$	--	$	38,446
Interest rate swap asset (see Note 5)		--		6,255		--		6,255
Total	$	38,446	$	6,255	$	--	$	44,701
Deferred compensation plan assets**								32,669
Total assets at fair value							$	77,370

*Consists of money market fund investments.

Inventories (Tables)

3 Months Ended

Nov. 02, 2018

Inventories [Abstract]

Derivative Instruments and Hedging Activities [Abstract]

Inventories were comprised of the following at:

	November 2, 2018		August 3, 2018
Retail	$	135,855	$	117,606
Restaurant		26,935		20,659
Supplies		18,779		17,988
Total	$	181,569	$	156,253

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Nov. 02, 2018

Interest Rate Swaps

A summary of the Company’s interest rate swaps at November 2, 2018 is as follows:

Trade Date	Effective Date	Term (in Years)	Notional Amount		Fixed Rate
June 18, 2014	May 3, 2015	4	$	160,000		2.51	%
June 24, 2014	May 3, 2015	4		120,000		2.51	%
July 1, 2014	May 5, 2015	4		120,000		2.43	%
January 30, 2015	May 3, 2019	2		60,000		2.16	%
January 30, 2015	May 4, 2021	3		120,000		2.41	%
January 30, 2015	May 3, 2019	2		60,000		2.15	%
January 30, 2015	May 4, 2021	3		80,000		2.40	%

Estimated Fair Value of Derivative Instruments

The estimated fair values of the Company’s derivative instruments as of November 2, 2018 and August 3, 2018 were as follows:

(See Note 2)	Balance Sheet Location	November 2, 2018		August 3, 2018
Interest rate swaps	Prepaid expenses and other current assets	$	437	$	169
Interest rate swaps	Other assets		6,245		6,086
Total assets		$	6,682	$	6,255

*These interest rate swap assets are recorded at gross at both November 2, 2018 and August 3, 2018 since there were no offsetting liabilities under the Company’s master netting agreements.

Pre-tax Effects of Derivative Instruments on AOCI and Income

The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCI for the three months ended November 2, 2018 and the year ended August 3, 2018:

	Amount of Income Recognized in AOCI on Derivatives (Effective Portion)
	Three Months Ended November 2, 2018		Year Ended August 3, 2018
Cash flow hedges:
Interest rate swaps	$	1,699	$	13,103

Changes in AOCI, Net of Tax, Related to Interest Rate Swaps

The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swaps for the three months ended November 2, 2018 (see Notes 2 and 5):

	Changes in AOCI
AOCI balance at August 3, 2018	$	4,685
Other comprehensive income before reclassifications		1,293
Amounts reclassified from AOCI		--
Other comprehensive income, net of tax		1,293
AOCI balance at November 2, 2018	$	5,978

Amounts Reclassified Out of AOCI Related to Interest Rate Swaps

The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters ended November 2, 2018 and October 27, 2017:

	Location of Loss Reclassified from AOCI into Income (Effective Portion)	Amount of Loss Reclassified from AOCI into Income (Effective Portion)
		Quarter Ended
		November 2, 2018		October 27, 2017
Cash flow hedges:
Interest rate swaps	Interest expense	$	--	$	1,064

Disaggregation of Revenue

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959

+ Details

Revenue Recognition (Tables)

3 Months Ended

Nov. 02, 2018

Revenue Recognition [Abstract]

Total revenue was comprised of the following for the specified periods:

	Quarter Ended
	November 2, 2018		October 27, 2017
Revenue:
Restaurant	$	590,978	$	578,237
Retail		142,565		132,131
Total revenue	$	733,543	$	710,368

Share-Based Compensation (Tables)

3 Months Ended

Nov. 02, 2018

Share-Based Compensation [Abstract]

Components of Share-based Compensation

Total share-based compensation was comprised of the following for the specified periods:

	Quarter Ended
	November 2, 2018		October 27, 2017
Nonvested stock awards and units	$	2,089	$	1,792
Performance-based market stock units (“MSU Grants”)		--		243
	$	2,089	$	2,035

Net Income Per Share and Weighted Average Shares (Tables)

3 Months Ended

Nov. 02, 2018

Net Income Per Share and Weighted Average Shares [Abstract]

Reconciliation of Components of Diluted Earnings per Share Computations

The following table reconciles the components of diluted earnings per share computations:

	Quarter Ended
	November 2, 2018		October 27, 2017
Net income per share numerator	$	47,207	$	46,380

Net income per share denominator:
Weighted average shares		24,022,586		24,035,202
Add potential dilution:
Nonvested stock awards and units, MSU Grants and stock options		51,136		69,985
Diluted weighted average shares		24,073,722		24,105,187

Fair Value Measurements (Details) - Recurring [Member] - USD ($)
$ in Thousands

Nov. 02, 2018

Aug. 03, 2018

Assets Measured at Fair Value on a Recurring Basis [Abstract]

^[1]

$ 25,446

$ 38,446

6,682

6,255

Deferred compensation plan assets

32,128

44,701

^[2]

34,108

32,669

Total assets at fair value

66,236

77,370

Level 1 [Member]

Assets Measured at Fair Value on a Recurring Basis [Abstract]

^[1]

25,446

38,446

Assets Measured at Fair Value on a Recurring Basis [Abstract]

25,446

38,446

Level 2 [Member]

^[1]

6,682

6,255

Assets Measured at Fair Value on a Recurring Basis [Abstract]

6,682

6,255

Level 3 [Member]

^[1]

$ 0

[1]	Consists of money market fund investments.
[2]	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 Sheets as other assets.

Inventories (Details) - USD ($)
$ in Thousands

Nov. 02, 2018

Aug. 03, 2018

Inventories [Abstract]

Retail

$ 135,855

$ 117,606

Restaurant

26,935

20,659

Supplies

18,779

17,988

Estimated Fair Value of Derivative Instruments [Abstract]

$ 181,569

$ 156,253

^[1]

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.

Debt (Details) $ in Thousands	3 Months Ended
Debt (Details) $ in Thousands	Nov. 02, 2018 USD ($)	Sep. 05, 2018 USD ($)	Aug. 03, 2018 USD ($)
2019 Revolving Credit Facility [Member]
Line of Credit Facility [Abstract]
Line of credit facility, term	5 years
Maximum borrowing capacity		$ 950,000
Option to increase revolving credit facility		300,000
Loan acquisition costs		3,022
Amount of standby letters of credit	$ 8,955
Current borrowing capacity	$ 541,045
Weighted average interest rates of swapped debt	3.73%
Restrictions on dividends payable	Under the 2019 Revolving Credit Facility, provided there is no default existing and the total of the Company’s availability under the 2019 Revolving Credit Facility plus the Company’s cash and cash equivalents on hand is at least $100,000 (the “cash availability”), the Company may declare and pay cash dividends on shares of its common stock and repurchase shares of its common stock (1) in an unlimited amount if, at the time such dividend or repurchase is made, the Company’s consolidated total leverage ratio is 3.00 to 1.00 or less and (2) in an aggregate amount not to exceed $100,000 in any fiscal year if the Company’s consolidated total leverage ratio is greater than 3.00 to 1.00 at the time the dividend or repurchase is made; notwithstanding (1) and (2), so long as immediately after giving effect to the payment of any such dividends, cash availability is at least $100,000, the Company may declare and pay cash dividends on shares of its common stock in an aggregate amount not to exceed in any fiscal year the product of the aggregate amount of dividends declared in the fourth quarter of the immediately preceding fiscal year multiplied by four.
Liquidity requirements	$ 100,000
Dividends threshold	$ 100,000
Leverage ratio, maximum	3.00
Multiplier used in calculating aggregate amount of cash dividends on shares of common stock in any fiscal year	4
Prior Credit Facility [Member]
Line of Credit Facility [Abstract]
Maximum borrowing capacity		$ 750,000
Write off of loan acquisition costs	$ 166
Outstanding borrowings	$ 400,000		$ 400,000

Derivative Instruments and Hedging Activities (Details) $ in Thousands	3 Months Ended
	Nov. 02, 2018 USD ($)
Derivative Instruments [Abstract]
Company's credit spread	1.25%
Interest Rate Swap June 18, 2014 [Member]
Derivative Instruments [Abstract]
Trade date	Jun. 18, 2014
Effective date	May 03, 2015
Term	4 years
Notional amount	$ 160,000
Fixed rate	2.51%
Interest Rate Swap June 24, 2014 [Member]
Derivative Instruments [Abstract]
Trade date	Jun. 24, 2014
Effective date	May 03, 2015
Term	4 years
Notional amount	$ 120,000
Fixed rate	2.51%
Interest Rate Swap July 1, 2014 [Member]
Derivative Instruments [Abstract]
Trade date	Jul. 01, 2014
Effective date	May 05, 2015
Term	4 years
Notional amount	$ 120,000
Fixed rate	2.43%
Interest Rate Swap One January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 03, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.16%
Interest Rate Swap Two January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 04, 2021
Term	3 years
Notional amount	$ 120,000
Fixed rate	2.41%
Interest Rate Swap Three January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 03, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.15%
Interest Rate Swap Four January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 04, 2021
Term	3 years
Notional amount	$ 80,000
Fixed rate	2.40%

Derivative Instruments and Hedging Activities, Estimated Fair Values of Derivative Instruments (Details) - Interest Rate Swaps [Member] - USD ($)
$ in Thousands

Nov. 02, 2018

Aug. 03, 2018

Fair value, asset

^[1]

$ 6,682

$ 6,255

Prepaid Expenses and Other Current Assets [Member]

Estimated Fair Value of Derivative Instruments [Abstract]

Fair value, asset

^[1]

437

169

Other Assets [Member]

Estimated Fair Value of Derivative Instruments [Abstract]

Fair value, asset

^[1]

$ 6,245

$ 6,086

[1]	These interest rate swap assets and liabilities are recorded at gross at both April 27, 2018 and July 28, 2017 since there were no offsetting assets and liabilities under the Company's master netting agreements.

Derivative Instruments and Hedging Activities, Offsetting of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 02, 2018	Aug. 03, 2018
Derivative Instruments by Risk Exposure [Abstract]
Estimated pre-tax portion of AOCI that is expected to be reclassified into earnings over the next twelve months	$ 813
Interest Rate Swaps [Member]
Derivative Instruments by Risk Exposure [Abstract]
Offsetting liabilities	0	$ 0
Reduction in fair value of interest rate swap assets and liabilities due to adjustment related to non-performance risk	$ 244	$ 213

Derivative Instruments and Hedging Activities, Pre-tax Effects of Derivative Instruments on AOCI and Income (Details) - Interest Rate Swaps [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 02, 2018	Oct. 27, 2017	Aug. 03, 2018
Interest Rate Cash Flow Hedges [Abstract]
Amount of income recognized in AOCI on derivatives (effective portion)	$ 1,699		$ 13,103
Ineffectiveness recorded in earnings on interest rate cash flow hedge	0	$ 0
Interest Expense [Member]
Interest Rate Cash Flow Hedges [Abstract]
Amount of loss reclassified from AOCI into income (effective portion)	$ 0	$ 1,064

Derivative Instruments and Hedging Activities, Changes in AOCI, Net of Tax, Related to Interest Rate Swaps (Details) (Details) - USD ($)
$ in Thousands

3 Months Ended

Nov. 02, 2018

Oct. 27, 2017

Changes in AOCI, net of tax, related to interest rate swaps [Roll Forward]

Other comprehensive income before reclassifications

^[1]

$ 581,781

1,293

Amounts reclassified from AOCI

Other comprehensive income, net of tax

1,293

$ 1,887

Accumulated Other Comprehensive Income [Member]

600,178

Changes in AOCI, net of tax, related to interest rate swaps [Roll Forward]

Other comprehensive income, net of tax

4,685

1,293

$ 5,978

[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.

Segment Information (Details)	3 Months Ended
Segment Information (Details)	Nov. 02, 2018 Line Segment
Segment Information [Abstract]
Number of product lines \| Line	2
Number of reportable operating segments \| Segment	1

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Nov. 02, 2018	Oct. 27, 2017	Aug. 03, 2018
Disaggregation of Revenue [Abstract]
Revenue	$ 733,543	$ 710,368
Gift card breakage	1,341	1,322
Deferred revenue related to gift cards	72,187		$ 76,199
Revenue recognized for redemption of gift cards	18,139	17,371
Restaurant [Member]
Disaggregation of Revenue [Abstract]
Revenue	590,978	578,237
Retail [Member]
Disaggregation of Revenue [Abstract]
Revenue	$ 142,565	$ 132,131

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
Share-Based Compensation (Details) - USD ($) $ in Thousands	Nov. 02, 2018	Oct. 27, 2017
Compensation Expense [Abstract]
Share-based compensation	$ 2,089	$ 2,035
Nonvested Stock Awards and Units [Member]
Compensation Expense [Abstract]
Share-based compensation	2,089	1,792
Performance-Based Market Stock Units ("MSU Grants") [Member]
Compensation Expense [Abstract]
Share-based compensation	$ 0	$ 243

Income Taxes (Details)	3 Months Ended	5 Months Ended	12 Months Ended
Income Taxes (Details)	Nov. 02, 2018	Dec. 31, 2017	Aug. 02, 2019
The Tax Act [Abstract]
Federal corporate tax rate	21.00%	35.00%
Plan [Member]
The Tax Act [Abstract]
Federal corporate tax rate			21.00%

Net Income Per Share and Weighted Average Shares (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 02, 2018	Oct. 27, 2017
Net Income Per Share and Weighted Average Shares [Abstract]
Net income per share numerator	$ 47,207	$ 46,380
Net income per share denominator [Abstract]
Weighted average shares (in shares)	24,022,586	24,035,202
Add potential dilution [Abstract]
Nonvested stock awards and units, MSU Grants and stock options	51,136	69,985
Diluted weighted average shares (in shares)	24,073,722	24,105,187