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text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">A summary of the Company&#8217;s nonvested stock activity as of July 28, 2017, and changes during 2017 are presented in the following table:</div><div><br /></div><table border="0" cellpadding="0" cellspacing="0" style="width: 70%; font-family: Arial; font-size: 9pt;"><tr><td valign="bottom" style="border-bottom: #000000 2px solid; width: 46%; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Nonvested Stock</div></td><td valign="bottom" style="border-bottom: #000000 2px solid; width: 1%; vertical-align: bottom; border-top: #000000 2px solid;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">Shares</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; 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text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">0.33</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; 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font-size: 10pt;">6,654</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">10,277</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; 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width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">1,804</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">2,925</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; 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text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">6,880</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 4px; background-color: #cceeff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Total liabilities at fair value</div></td><td valign="bottom" style="padding-bottom: 4px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; 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font-size: 10pt;">6,880</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">6,880</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr></table><div style="margin-bottom: 6pt;"><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Company&#8217;s assets and liabilities measured at fair value on a recurring basis at July 29, 2016 were as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="width: 100%; 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background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">76,084</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #ffffff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Interest rate swap asset (see Note 6)</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; background-color: #cceeff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Deferred compensation plan assets**</div></td><td valign="bottom" style="padding-bottom: 2px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">27,764</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">27,764</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 4px; background-color: #ffffff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Total assets at fair value</div></td><td valign="bottom" style="padding-bottom: 4px; 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text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">103,848</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #cceeff; width: 52%; vertical-align: top;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; background-color: #ffffff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Interest rate swap liability (see Note 6)</div></td><td valign="bottom" style="padding-bottom: 2px; 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font-size: 10pt;">77,120</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">74,298</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr></table><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">A reconciliation of the Company&#8217;s provision for income taxes and income taxes based on the statutory U.S. federal rate of 35% was as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;"><div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">2017</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; 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background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">83,370</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #ffffff; width: 64%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">State and local income taxes, net of federal benefit</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">5,856</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">1,427</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">6,378</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #cceeff; width: 64%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Employer tax credits for FICA taxes paid on employee tip income</div></td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(11,543</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(11,048</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(10,681</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td></tr><tr><td valign="bottom" style="background-color: #ffffff; width: 64%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Other employer tax credits</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(2,814</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(7,326</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">(5,058</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">)</div></td></tr><tr><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 64%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Other-net</div></td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">878</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">820</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">289</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 64%; vertical-align: bottom;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Total provision for income taxes</div></td><td valign="bottom" style="border-bottom: #000000 4px double; 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vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #cceeff; width: 76%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 16.2pt; font-size: 10pt;">Compensation and employee benefits</div></td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">10,110</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">13,937</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #ffffff; width: 76%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 16.2pt; font-size: 10pt;">Deferred rent</div></td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">18,270</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">17,183</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="background-color: #cceeff; width: 76%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 16.2pt; font-size: 10pt;">Accrued liabilities</div></td><td valign="bottom" style="background-color: #cceeff; 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font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">152,308</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr></table></div> P20Y P21Y P15Y P20Y P20Y P20Y 9655000 9655000 1017124000 992382000 1006188000 306105000 303416000 <div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; margin-bottom: 12pt; font-size: 10pt;">Leases &#8211; The Company&#8217;s leases are classified as either capital or operating leases.&#160; The Company has ground leases and office space leases that are recorded as operating leases.&#160; The Company also leases its advertising billboards which are recorded as operating leases.&#160; 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background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 64%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 25.2pt; font-size: 10pt;">Stock options, nonvested stock awards and MSU Grants</div></td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; 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text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">6,880</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 4px; background-color: #cceeff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Total liabilities at fair value</div></td><td valign="bottom" style="padding-bottom: 4px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; 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background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">6,880</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr></table><div style="margin-bottom: 6pt;"><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Company&#8217;s assets and liabilities measured at fair value on a recurring basis at July 29, 2016 were as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td valign="bottom" style="padding-bottom: 2px; vertical-align: top;">&#160;</td><td valign="bottom" style="padding-bottom: 2px; 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width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="text-align: right; background-color: #cceeff; 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width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 2px; background-color: #cceeff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Deferred compensation plan assets**</div></td><td valign="bottom" style="padding-bottom: 2px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; 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text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">27,764</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td></tr><tr><td valign="bottom" style="padding-bottom: 4px; background-color: #ffffff; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: Arial, sans-serif; margin-left: 7.2pt; font-size: 10pt;">Total assets at fair value</div></td><td valign="bottom" style="padding-bottom: 4px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; 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text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">--</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; 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background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="text-align: right; background-color: #cceeff; width: 9%; vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="text-align: left; background-color: #cceeff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="background-color: #cceeff; 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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.&#160; 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.&#160; If, on a net basis, the Company owes the counterparty, the Company regards its credit exposure to the counterparty as being zero.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Company does not hold or use derivative instruments for trading purposes.&#160; The Company also does not have any derivatives not designated as hedging instruments and has not designated any non-derivatives as hedging instruments.&#160; 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text-indent: 18pt; font-family: Arial, sans-serif; margin-bottom: 12pt; font-size: 10pt;">Certain nonvested stock awards and units and the Company&#8217;s MSU Grants contain performance conditions.&#160; Compensation expense for performance-based awards is recognized when it is probable that the performance criteria will be met.&#160; If any performance goals are not met, no compensation expense is ultimately recognized and, to the extent previously recognized, compensation expense is reversed.</div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">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.&#160; Incremental compensation expense for vested awards is recognized immediately.&#160; 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.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Additionally, the Company&#8217;s policy is to issue shares of common stock to satisfy exercises of share-based compensation awards.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; margin-bottom: 12pt; font-size: 10pt;">Income taxes &#8211; The Company&#8217;s provision for income taxes includes employer tax credits for FICA taxes paid on employee tip income and other employer tax credits are accounted for by the flow-through method.&#160; Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.&#160; The Company recognizes (or derecognizes) a tax position taken or expected to be taken in a tax return in the financial statements when it is more likely than not (i.e., a likelihood of more than fifty percent) that the position would be sustained (or not sustained) upon examination by tax authorities.&#160; 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width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">20,731</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">21,899</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: left; background-color: #ffffff; width: 1%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">$</div></td><td valign="bottom" style="border-bottom: #000000 4px double; text-align: right; background-color: #ffffff; width: 9%; vertical-align: bottom;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">25,507</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; background-color: #ffffff; width: 1%; vertical-align: bottom;">&#160;</td></tr></table></div> 37561000 36725000 <div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; margin-bottom: 12pt; font-size: 10pt;">Accounts receivable &#8211; Accounts receivable represent their estimated net realizable value.&#160; Accounts receivable are written off when they are deemed uncollectible.</div></div> 1641000 15402000 -16188000 118000 582000 2186000 4860000 3994000 4003000 1434000 1760000 1006000 1194000 631000 -4256000 13475000 14234000 16579000 0 0 0 5497000 9754000 6128000 2324000 204000 1027000 25507000 21899000 22832000 20731000 6896000 2966000 227000 <div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Use of estimates &#8211; Management of the Company has made certain estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods to prepare these Consolidated Financial Statements in conformity with GAAP.&#160; Management believes that such estimates have been based on reasonable and supportable assumptions and that the resulting estimates are reasonable for use in the preparation of the Consolidated Financial Statements.&#160; Actual results, however, could differ from those estimates.</div></div> 24118288 24048924 24074273 23918368 23945041 24031810 572551000 604413000 70945000 61187000 402424000 423453000 454572000 106032000 119749000 107478000 114375000 117513000 109832000 99627000 103419000 1035000 103000 0.0125 0.0100 40000000 30000000 30000000 120000000 120000000 160000000 2015-05-03 2015-05-03 2021-05-04 2015-05-03 2019-05-03 2015-05-03 2021-05-04 2015-05-05 2015-05-03 2019-05-03 2019-05-03 6896000 4816000 5779000 -16188000 15402000 1641000 -633000 -5891000 6173000 6485000 -6246000 9752000 -1500000 2800000 -836000 250000 250000 250000 1000000 1000000 1000000 500000 0.85 0.75 0 71382000 66754000 79214000 500000 750000 750000 <div style="font-family: 'Times New Roman'; font-size: 10pt;"><div><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr style="vertical-align: top;"><td style="width: 18pt; vertical-align: top; align: right;"><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">11.</div></td><td style="width: auto; vertical-align: top; align: left;"><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Shareholder Rights Plan</div></td></tr></table></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">&#160;</div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">On April 9, 2015, the Company&#8217;s Board of Directors declared a dividend of one preferred share purchase right (a &#8220;Right&#8221;) for each outstanding share of common stock, par value $0.01 per share, and adopted a shareholder rights plan, as set forth in the Rights Agreement dated as of April 9, 2015 (the &#8220;Rights Agreement&#8221;), by and between the Company and American Stock Transfer &amp; Trust Company, LLC, as rights agent.&#160; The dividend was payable on April 20, 2015 to the shareholders of record as of the close of business on April 20, 2015.&#160; The Rights Agreement replaced the Company&#8217;s previous shareholder rights plan adopted in 2012 (the &#8220;2012 Plan&#8221;), and it became effective immediately following the expiration of the 2012 Plan at the close of business on April 9, 2015.&#160; The 2012 Plan and the preferred share purchase rights issued thereunder expired by their own terms and shareholders of the Company were not entitled to any payment as a result of the expiration of the 2012 Plan.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">The Rights</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Rights initially trade with, and are inseparable from, the Company&#8217;s common stock. The Rights are evidenced only by the balances indicated in the book-entry account system of the transfer agent for the Company&#8217;s common stock or, in the case of certificated shares, the certificates that represent such shares of common stock. New Rights will accompany any new shares of common stock the Company issues after April 20, 2015 until the earlier of the Distribution Date, redemption of the Rights by the Board of Directors or the final expiration date of the Rights Agreement, each as described below.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Exercise Price</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Each Right will allow its holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock (&#8220;Preferred Share&#8221;) for $600.00, once the Rights become exercisable. This portion of a Preferred Share will give the shareholder approximately the same dividend and liquidation rights as would one share of common stock.&#160; Prior to exercise, the Right does not give its holder any dividend, voting, or liquidation rights.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Exercisability</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Rights will not be exercisable until 10 days after the public announcement that a person or group has become an &#8220;Acquiring Person&#8221; by obtaining beneficial ownership of 20% or more of the Company&#8217;s outstanding common stock.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Shares held by affiliates and associates of an Acquiring Person, and Notional Common Shares (as defined in the Rights Agreement) held by counterparties to a Derivatives Contract (as defined in the Rights Agreement) with an Acquiring Person, will be deemed to be beneficially owned by the Acquiring Person. Certain synthetic interests in securities created by derivative positions &#8211; whether or not such interests are considered to be ownership of the underlying common stock or are reportable for purposes of Regulation 13D of the Securities Exchange Act &#8211; are treated as beneficial ownership of the number of shares of the Company&#8217;s common stock equivalent to the economic exposure created by the derivative.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The date when the Rights become exercisable is the &#8220;Distribution Date.&#8221;&#160; Until the Distribution Date, the&#160; common stock certificates will evidence the Rights, and any transfer of shares of common stock will constitute a transfer of Rights.&#160; After that date, the Rights will separate from the common stock and will be evidenced by book-entry credits or by Rights certificates that the Company will mail to all eligible holders of common stock.&#160; Any Rights held by an Acquiring Person will be void and may not be exercised.</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">At July 28, 2017, none of the Rights were exercisable.</div><div><br /></div><div style="text-align: left; font-family: Arial, sans-serif; font-size: 10pt;">Consequences of a Person or Group Becoming an Acquiring Person</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">If a person or group becomes an Acquiring Person, after the Distribution Date, each Right will generally entitle the holder, except the Acquiring Person or any associate or affiliate thereof, to acquire, for the exercise price of $600.00 per Right (subject to adjustment as provided in the Rights Agreement), shares of the Company&#8217;s common stock (or, in certain circumstances, Preferred Shares) having a market value equal to twice the Right&#8217;s then-current exercise price. In addition, if, the Company is later acquired in a merger or similar transaction after the Distribution Date, each Right will generally entitle the holder, except the Acquiring Person or any associate or affiliate thereof, to acquire, for the exercise price of $600.00 per Right (subject to adjustment as provided in the Rights Agreement), shares of the acquiring corporation having a market value equal to twice the Right&#8217;s then-current exercise price.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Preferred Share Provisions</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Each one one-hundredth of a Preferred Share, if issued:</div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: Symbol, serif; font-size: 10pt; vertical-align: top; align: right;">&#183;</td><td style="text-align: justify; width: auto; vertical-align: top;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">will not be redeemable.</div></td></tr></table></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: Symbol, serif; font-size: 10pt; vertical-align: top; align: right;">&#183;</td><td style="text-align: justify; width: auto; vertical-align: top;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">will entitle holders to quarterly dividend payments of $0.01 per share, or an amount equal to the dividend paid on one share of common stock, whichever is greater.</div></td></tr></table></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: Symbol, serif; font-size: 10pt; vertical-align: top; align: right;">&#183;</td><td style="text-align: justify; width: auto; vertical-align: top;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater.</div></td></tr></table></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: Symbol, serif; font-size: 10pt; vertical-align: top; align: right;">&#183;</td><td style="text-align: justify; width: auto; vertical-align: top;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">will have the same voting power as one share of common stock.</div></td></tr></table></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: Symbol, serif; font-size: 10pt; vertical-align: top; align: right;">&#183;</td><td style="text-align: justify; width: auto; vertical-align: top;"><div style="font-family: Arial, sans-serif; font-size: 10pt;">if shares of the Company&#8217;s common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment equal to the payment made on one share of common stock.</div></td></tr></table></div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The value of one one-hundredth of a Preferred Share will generally approximate the value of one share of common stock.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Redemption</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Board of Directors may redeem the Rights for $0.01 per Right at any time before any person or group becomes an Acquiring Person.&#160; If the Board of Directors redeems any Rights, it must redeem all of the Rights.&#160; Once the Rights are redeemed, the only right of the holders of Rights will be to receive the redemption price of $0.01 per Right.&#160; The redemption price will be adjusted if the Company has a stock split or stock dividends of its common stock.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Qualifying Offer Provision</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Rights would also not interfere with all-cash, fully financed tender offers for all shares of common stock that remain open for a minimum of 60 business days, are subject to a minimum condition of a majority of the outstanding shares and provide for a 20-business day &#8220;subsequent offering period&#8221; after consummation (such offers are referred to as &#8220;qualifying offers&#8221;).&#160; In the event the Company receives a qualifying offer and the Board of Directors has not redeemed the Rights prior to the consummation of such offer, the consummation of the qualifying offer shall not cause the offeror or its affiliates or associates to become an Acquiring Person, and the Rights will immediately expire upon consummation of the qualifying offer.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Exchange</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">After a person or group becomes an Acquiring Person, but before an Acquiring Person owns 50% or more of the Company&#8217;s outstanding common stock, the Board of Directors may extinguish the Rights by exchanging one share of common stock or an equivalent security for each Right, other than Rights held by the Acquiring Person.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Anti-Dilution Provisions</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Board of Directors may adjust the purchase price of the Preferred Shares, the number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split, a reclassification of the Preferred Shares or common stock.&#160; No adjustments to the Exercise Price of less than 1% will be made.</div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Amendments</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">The terms of the Rights Agreement may be amended by the Board of Directors without the consent of the holders of the Rights.&#160; After a person or group becomes an Acquiring Person, the Board of Directors may not amend the agreement in a way that adversely affects holders of the Rights</font><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">.</font></div><div><br /></div><div style="text-align: justify; font-family: Arial, sans-serif; font-size: 10pt;">Expiration</div><div><br /></div><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">The Rights will expire on April 9, 2018.</div></div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; text-indent: 18pt; font-family: Arial, sans-serif; font-size: 10pt;">Advertising expense for each of the three years was as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Arial; font-size: 9pt;"><tr><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;"><div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">2017</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;"><div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">2016</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom;">&#160;</td><td valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;">&#160;</td><td colspan="2" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: bottom;"><div style="text-align: center; font-family: Arial, sans-serif; font-size: 10pt;">2015</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; 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These interest rate swap assets and liabilities are recorded at gross at both July 28, 2017 and July 29, 2016 since there were no offsetting assets and liabilities under the Company's master netting agreements. The intrinsic value for stock options is defined as the difference between the current market value and the grant price. Dividends accrue on the 2015 and 2016 MSU Grants. Dividends will be forfeited for any MSU Grants that do not vest. No MSU Grants were awarded in 2017. Depreciation expense related to store operations is included in other store operating expenses in the Consolidated Statements of Income. 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 Consolidated Balance Sheets as other assets (see Note 12).