XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.2
Consent And Second Modification Of Credit Agreement (Narrative) (Details) - Consent And Second Modification Agreement [Member]
9 Months Ended
Apr. 26, 2021
Apr. 25, 2021
May 31, 2021
Debt Instrument [Line Items]      
Percentage added to LIBOR rate   3.00%  
Unused credit commitment fee 0.20%    
Interest Rate Reduction [Member]      
Debt Instrument [Line Items]      
Percentage added to LIBOR rate 1.85%    
2019 Agreement [Member]      
Debt Instrument [Line Items]      
Debt covenants     (i) a Funded Indebtedness to Adjusted EBITDAR Ratio of less than 3.00 to 1.00; (ii) a Fixed Charge Coverage ratio not less than 1.15 to 1.00; (iii) an annual limit on capital expenditures (excluding capitalized curriculum development costs) of $8.0 million; and (iv) consolidated accounts receivable of not less than 150% of the aggregate amount of the outstanding borrowings on the revolving line of credit, the undrawn amount of outstanding letters of credit, and the amount of unreimbursed letter of credit disbursements.
Covenant compliance     we were in compliance with the terms and covenants applicable to the 2019 Agreement and subsequent modifications.