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Stock-Based Awards | 6 Months Ended
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Jan. 25, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Awards | Stock-Based Awards The Company has certain stock-based compensation plans which provide for the grants of equity awards, including stock options, restricted shares, performance shares, restricted share units, performance share units, and stock appreciation rights. Compensation expense for stock-based awards is based on the fair value at the measurement date and is included in general and administrative expenses in the condensed consolidated statements of operations. Stock-based compensation expense and the related tax benefit recognized related to stock options and restricted share units during the three and six months ended January 25, 2014 and January 26, 2013 were as follows:
| For the Three Months Ended |  | For the Six Months Ended
| January 25, 2014 |  | January 26, 2013 |  | January 25, 2014 |  | January 26, 2013
| (Dollars in thousands)
Stock-based compensation | $ | 3,544 |  |  | $ | 2,496 |  |  | $ | 7,049 |  |  | $ | 4,762 |
Tax (benefit) recognized in the statement of operations | $ | (1,368 | ) |  | $ | (1,063 | ) |  | $ | (2,665 | ) |  | $ | (1,827 | )
Compensation expense previously recognized with respect to performance share units will be reversed to the extent that performance goals are not met. As of January 25, 2014, unrecognized compensation expense related to stock options, time-based restricted share units ("RSUs") and target performance share units ("Performance RSUs") was $4.9 million, $7.9 million and $15.3 million, respectively. This expense will be recognized over a weighted-average period of 2.4 years, 3.0 years and 1.7 years, respectively, which is based on the average remaining service periods of the awards. As of January 25, 2014, the Company may recognize an additional $8.9 million in compensation expense related to Performance RSUs if the maximum amount of restricted share units are earned based on certain performance goals being met. Stock Options - The following table summarizes stock option award activity during the six months ended January 25, 2014:
| Stock Options
| Shares |  | Weighted Average Exercise Price
Outstanding as of July 27, 2013 | 2,769,132 |  |  | $ | 18.27 |
Granted | 89,956 |  |  | $ | 27.50 |
Options exercised | (616,119 | ) |  | $ | 19.26 |
Forfeited or canceled | (4,262 | ) |  | $ | 26.42 |
Outstanding as of January 25, 2014 | 2,238,707 |  |  | $ | 18.35 |
Exercisable options as of January 25, 2014 | 1,766,977 |  |  | $ | 18.38 |
RSUs and Performance RSUs - The following table summarizes RSU and Performance RSU activity during the six months ended January 25, 2014:
| Restricted Stock
| RSUs |  | Performance RSUs
| Share Units |  | Weighted Average Grant Price |  | Share Units |  | Weighted Average Grant Price
Outstanding as of July 27, 2013 | 463,318 |  |  | $ | 17.78 |  |  | 1,315,138 |  |  | $ | 18.44 |
Granted | 94,456 |  |  | $ | 27.36 |  |  | 429,485 |  |  | $ | 27.66 |
Share units vested | (137,333 | ) |  | $ | 16.19 |  |  | (265,025 | ) |  | $ | 18.35 |
Forfeited or canceled | (4,156 | ) |  | $ | 19.26 |  |  | (267,581 | ) |  | $ | 18.37 |
Outstanding as of January 25, 2014 | 416,285 |  |  | $ | 20.46 |  |  | 1,212,017 |  |  | $ | 21.74 |
The granted Performance RSUs in the above table is comprised of 373,465 target shares, granted to officers and employees, and 56,020 supplemental shares, granted to officers. Approximately 265,000 Performance RSUs outstanding as of July 27, 2013 were canceled during the first quarter of fiscal 2014 as a result of the fiscal 2013 performance criteria for attaining supplemental shares not being met. The total amount of Performance RSUs outstanding as of January 25, 2014 is comprised of 764,548 target shares and 447,469 supplemental shares.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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