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COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS | 12 Months Ended
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Aug. 01, 2020
Equity [Abstract] |
COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS | NOTE 11—COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in Accumulated other comprehensive (loss) income by component net of tax for fiscal 2020, fiscal 2019 and fiscal 2018 are as follows:
(in thousands) | Other Cash Flow Derivatives |  | Benefit Plans |  | Foreign Currency |  | Swap Agreements |  | Total
Accumulated other comprehensive (loss) income at July 29, 2017 | $ | — |  |  | $ | — |  |  | $ | (15,262 | ) |  | $ | 1,299 |  |  | $ | (13,963 | )
Other comprehensive (loss) income before reclassifications | — |  |  | — |  |  | (3,791 | ) |  | 4,219 |  |  | 428 |
Amortization of cash flow hedge | — |  |  | — |  |  | — |  |  | (644 | ) |  | (644 | )
Net current period Other comprehensive (loss) income | — |  |  | — |  |  | (3,791 | ) |  | 3,575 |  |  | (216 | )
Accumulated other comprehensive (loss) income at July 28, 2018 | $ | — |  |  | $ | — |  |  | $ | (19,053 | ) |  | $ | 4,874 |  |  | $ | (14,179 | )
Other comprehensive loss before reclassifications | — |  |  | (32,458 | ) |  | (1,029 | ) |  | (61,277 | ) |  | (94,764 | )
Amortization of cash flow hedge | — |  |  | — |  |  | — |  |  | (10 | ) |  | (10 | )
Net current period Other comprehensive loss | — |  |  | (32,458 | ) |  | (1,029 | ) |  | (61,287 | ) |  | (94,774 | )
Accumulated other comprehensive loss at August 3, 2019 | $ | — |  |  | $ | (32,458 | ) |  | $ | (20,082 | ) |  | $ | (56,413 | ) |  | $ | (108,953 | )
Other comprehensive loss before reclassifications | (88 | ) |  | (89,152 | ) |  | (1,337 | ) |  | (62,679 | ) |  | (153,256 | )
Amortization of amounts included in net periodic benefit income | — |  |  | (2,296 | ) |  | — |  |  | — |  |  | (2,296 | )
Amortization of cash flow hedges | 21 |  |  | — |  |  | — |  |  | 17,928 |  |  | 17,949 |
Pension settlement charge | — |  |  | 8,610 |  |  | — |  |  | — |  |  | 8,610 |
Net current period Other comprehensive loss | (67 | ) |  | (82,838 | ) |  | (1,337 | ) |  | (44,751 | ) |  | (128,993 | )
Accumulated other comprehensive loss at August 1, 2020 | $ | (67 | ) |  | $ | (115,296 | ) |  | $ | (21,419 | ) |  | $ | (101,164 | ) |  | $ | (237,946 | )
Items reclassified out of Accumulated other comprehensive loss had the following impact on the Consolidated Statements of Operations:
(in thousands) |  | 2020 |  | 2019 |  | 2018 |  | Affected Line Item on the Consolidated Statements of Operations
Pension and postretirement benefit plan obligations: |  |  |  |  |  |  |  |
Amortization of amounts included in net periodic benefit income(1) |  | $ | (3,107 | ) |  | $ | — |  |  | $ | — |  |  | Net periodic benefit income, excluding service cost
Pension settlement charges |  | 11,303 |  |  | — |  |  | — |  |  | Net periodic benefit income, excluding service cost
Total reclassifications |  | 8,196 |  |  | — |  |  | — |  |  |
Income tax benefit |  | 1,882 |  |  | — |  |  | — |  |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | 6,314 |  |  | $ | — |  |  | $ | — |  |  |
Swap agreements: |  |  |  |  |  |  |  |
Reclassification of cash flow hedge |  | $ | 24,505 |  |  | $ | (13 | ) |  | $ | (827 | ) |  | Interest expense, net
Income tax benefit (expense) |  | 6,577 |  |  | (3 | ) |  | (183 | ) |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | 17,928 |  |  | $ | (10 | ) |  | $ | (644 | ) |  |
Other cash flow hedges: |  |  |  |  |  |  |  |
Reclassification of cash flow hedge |  | $ | 29 |  |  | $ | — |  |  | $ | — |  |  | Cost of sales
Income tax benefit |  | 8 |  |  | — |  |  | — |  |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  |
(1) | Amortization of amounts included in net periodic benefit income include amortization of prior service benefit and amortization of net actuarial loss as reflected in Note 14—Benefit Plans.
As of August 1, 2020, the Company expects to reclassify $46.4 million out of Accumulated other comprehensive loss into Interest expense, net during the following twelve-month period.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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