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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jul. 28, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of property and equipment | Property and equipment consisted of the following at July 28, 2018 and July 29, 2017:
| Original Estimated Useful Lives (Years) |  | 2018 |  | 2017
| (In thousands, except years)
Land |  |  | $ | 52,929 |  |  | $ | 52,989 |
Buildings and improvements | 20-40 |  | 446,665 |  |  | 396,733 |
Leasehold improvements | 5-20 |  | 106,014 |  |  | 138,466 |
Warehouse equipment | 3-30 |  | 185,669 |  |  | 173,591 |
Office equipment | 3-10 |  | 85,734 |  |  | 95,794 |
Computer software | 3-7 |  | 155,329 |  |  | 147,647 |
Motor vehicles | 3-7 |  | 4,884 |  |  | 4,657 |
Construction in progress |  |  | 22,105 |  |  | 17,968 |
|  |  | 1,059,329 |  |  | 1,027,845 |
Less accumulated depreciation and amortization |  |  | 488,183 |  |  | 425,755 |
Net property and equipment |  |  | $ | 571,146 |  |  | $ | 602,090 |
Schedule of amortization of intangible assets with definite lives on a straight-line basis | Goodwill and other intangible assets with indefinite lives are not amortized. Intangible assets with definite lives are amortized on a straight-line basis over the following lives:
Customer relationships |  | 7-20 years
Non-competition agreements |  | 1-10 years
Trademarks and tradenames |  | 4-10 years
Schedule of changes in the carrying amount of goodwill and the amount allocated by reportable segment | The changes in the carrying amount of goodwill and the amount allocated by reportable segment for the years presented are as follows (in thousands):
| Wholesale |  | Other |  | Total
Goodwill as of July 30, 2016 | $ | 348,143 |  |  | $ | 18,025 |  |  | $ | 366,168 |
Goodwill from prior fiscal year business combinations | 10,102 |  |  | — |  |  | 10,102 |
Contingent consideration for prior year business combinations | (6,093 | ) |  | — |  |  | (6,093 | )
Change in foreign exchange rates | 1,082 |  |  | — |  |  | 1,082 |
Goodwill as of July 29, 2017 | $ | 353,234 |  |  | $ | 18,025 |  |  | $ | 371,259 |
Impairment | — |  |  | (7,872 | ) |  | (7,872 | )
Goodwill adjustment for prior fiscal year business combinations | 220 |  |  | — |  |  | 220 |
Change in foreign exchange rates | (1,112 | ) |  | — |  |  | (1,112 | )
Goodwill as of July 28, 2018 | $ | 352,342 |  |  | $ | 10,153 |  |  | $ | 362,495 |
Schedule of entity's other intangible assets | The following table presents the detail of the Company's other intangible assets (in thousands):
| July 28, 2018 |  | July 29, 2017
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 197,246 |  |  | $ | 61,543 |  |  | $ | 135,703 |  |  | $ | 197,852 |  |  | $ | 48,044 |  |  | $ | 149,808 |
Non-compete agreements | 2,900 |  |  | 1,914 |  |  | 986 |  |  | 2,900 |  |  | 1,334 |  |  | 1,566 |
Trademarks and tradenames | 1,700 |  |  | 981 |  |  | 719 |  |  | 1,700 |  |  | 548 |  |  | 1,152 |
Total amortizing intangible assets | 201,846 |  |  | 64,438 |  |  | 137,408 |  |  | 202,452 |  |  | 49,926 |  |  | 152,526 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames | 55,801 |  |  | — |  |  | 55,801 |  |  | 55,763 |  |  | — |  |  | 55,763 |
Total | $ | 257,647 |  |  | $ | 64,438 |  |  | $ | 193,209 |  |  | $ | 258,215 |  |  | $ | 49,926 |  |  | $ | 208,289 |
Schedule of estimated future amortization expense | The estimated future amortization expense for each of the next five fiscal years and thereafter on definite lived intangible assets existing as of July 28, 2018 is shown below:
Fiscal Year: | (In thousands)
2019 | $ | 15,147 |
2020 | 14,520 |
2021 | 13,622 |
2022 | 12,337 |
2023 | 12,845 |
2023 and thereafter | 68,937 |
| $ | 137,408 |
Schedule of fair value of financial instruments |
| July 28, 2018 |  | July 29, 2017
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (In thousands)
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 23,315 |  |  | $ | 23,315 |  |  | $ | 15,414 |  |  | $ | 15,414 |
Accounts receivable | 579,702 |  |  | 579,702 |  |  | 525,636 |  |  | 525,636 |
Notes receivable | 1,930 |  |  | 1,930 |  |  | 2,359 |  |  | 2,359 |
Liabilities: |  |  |  |  |  |  |
Accounts payable | 517,125 |  |  | 517,125 |  |  | 534,616 |  |  | 534,616 |
Notes payable | 210,000 |  |  | 210,000 |  |  | 223,612 |  |  | 223,612 |
Long-term debt, including current portion | 150,150 |  |  | 155,317 |  |  | 161,991 |  |  | 169,058 |
Schedule of reconciliation of the weighted average number of shares outstanding used in the computation of the basic and diluted earnings per share | A reconciliation of the weighted average number of shares outstanding used in the computation of the basic and diluted earnings per share for all periods presented follows:
| Fiscal year ended
| July 28, 2018 |  | July 29, 2017 |  | July 30, 2016
| (In thousands, except per share data)
Basic weighted average shares outstanding | 50,530 |  |  | 50,570 |  |  | 50,313 |
Net effect of dilutive common stock equivalents based upon the treasury stock method | 307 |  |  | 205 |  |  | 86 |
Diluted weighted average shares outstanding | 50,837 |  |  | 50,775 |  |  | 50,399 |
Potential anti-dilutive share-based payment awards excluded from the computation above | 93 |  |  | 44 |  |  | 84 |
Net income | $ | 165,670 |  |  | $ | 130,155 |  |  | $ | 125,766 |
Basic earnings per share | $ | 3.28 |  |  | $ | 2.57 |  |  | $ | 2.50 |
Diluted earnings per share | $ | 3.26 |  |  | $ | 2.56 |  |  | $ | 2.50 |

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