XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.21.1

DERIVATIVES (Tables) | 9 Months Ended
--- | ---
May 01, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | Details of active swap contracts as of May 1, 2021, which are all pay fixed and receive floating, are as follows:
Effective Date |  | Swap Maturity |  | Notional Value (in millions) |  | Pay Fixed Rate |  | Receive Floating Rate(2) |  | Floating Rate Reset Terms
August 3, 2015(1) |  | August 15, 2022 |  | $ | 34.0 |  |  | 1.7950 | % |  | One-Month LIBOR |  | Monthly
October 26, 2018 |  | October 31, 2022 |  | 100.0 |  |  | 2.8915 | % |  | One-Month LIBOR |  | Monthly
January 11, 2019 |  | October 31, 2022 |  | 50.0 |  |  | 2.4678 | % |  | One-Month LIBOR |  | Monthly
January 23, 2019 |  | October 31, 2022 |  | 50.0 |  |  | 2.5255 | % |  | One-Month LIBOR |  | Monthly
November 16, 2018 |  | March 31, 2023 |  | 150.0 |  |  | 2.8950 | % |  | One-Month LIBOR |  | Monthly
January 23, 2019 |  | March 31, 2023 |  | 50.0 |  |  | 2.5292 | % |  | One-Month LIBOR |  | Monthly
November 30, 2018 |  | September 30, 2023 |  | 50.0 |  |  | 2.8315 | % |  | One-Month LIBOR |  | Monthly
October 26, 2018 |  | October 31, 2023 |  | 100.0 |  |  | 2.9210 | % |  | One-Month LIBOR |  | Monthly
January 11, 2019 |  | March 28, 2024 |  | 100.0 |  |  | 2.4770 | % |  | One-Month LIBOR |  | Monthly
January 23, 2019 |  | March 28, 2024 |  | 100.0 |  |  | 2.5420 | % |  | One-Month LIBOR |  | Monthly
November 30, 2018 |  | October 31, 2024 |  | 100.0 |  |  | 2.8480 | % |  | One-Month LIBOR |  | Monthly
January 11, 2019 |  | October 31, 2024 |  | 100.0 |  |  | 2.5010 | % |  | One-Month LIBOR |  | Monthly
January 24, 2019 |  | October 31, 2024 |  | 50.0 |  |  | 2.5210 | % |  | One-Month LIBOR |  | Monthly
October 26, 2018 |  | October 22, 2025 |  | 50.0 |  |  | 2.9550 | % |  | One-Month LIBOR |  | Monthly
November 16, 2018 |  | October 22, 2025 |  | 50.0 |  |  | 2.9590 | % |  | One-Month LIBOR |  | Monthly
November 16, 2018 |  | October 22, 2025 |  | 50.0 |  |  | 2.9580 | % |  | One-Month LIBOR |  | Monthly
January 24, 2019 |  | October 22, 2025 |  | 50.0 |  |  | 2.5558 | % |  | One-Month LIBOR |  | Monthly
|  |  |  | $ | 1,234.0 |  |  |  |  |  |  |
(1)The swap contract has an amortizing notional principal amount which is reduced by $1.0 million on a quarterly basis. (2)For these swap contracts that are indexed to LIBOR, the Company is monitoring and evaluating risks related to the expected future cessation of LIBOR.
Schedule of Interest Rate Derivatives | The location and amount of gains or losses recognized in the Condensed Consolidated Statements of Operations for interest rate swap contracts for each of the periods, presented on a pretax basis, are as follows:
|  | 13-Week Period Ended |  | 39-Week Period Ended
|  | May 1, 2021 |  | May 2, 2020 |  | May 1, 2021 |  | May 2, 2020
(In thousands) |  | Interest expense, net |  | Interest expense, net
Total amounts of expense line items presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 43,500 |  |  | $ | 47,269 |  |  | $ | 163,577 |  |  | $ | 145,814 |
Loss on cash flow hedging relationships: |  |  |  |  |  |  |  |
Loss reclassified from comprehensive income into earnings |  | $ | (14,623) |  |  | $ | (6,191) |  |  | $ | (35,186) |  |  | $ | (12,812) |
Gain (loss) on interest rate swap contracts not designated as hedging instruments: |  |  |  |  |  |  |  |
Gain (loss) recognized in earnings |  | $ | 2,969 |  |  | $ | — |  |  | $ | (2) |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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=125515794&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 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: 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=125515794&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration