FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Aug. 03, 2019

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table provides the fair value hierarchy for financial assets and liabilities measured on a recurring basis as of August 3, 2019 and July 28, 2018:



		Fair Value at August 3, 2019
(In thousands)	Consolidated Balance Sheets Location	Level 1		Level 2		Level 3
Assets:
Interest rate swaps designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	389	$	—
Mutual funds	Prepaid expenses and other current assets	$	7	$	—	$	—
Interest rate swaps designated as hedging instruments	Other assets	$	—	$	145	$	—
Mutual funds	Other assets	$	1,799	$	—	$	—

Liabilities:
Interest rate swaps designated as hedging instruments	Accrued expenses and other current liabilities	$	—	$	16,360	$	—
Interest rate swaps designated as hedging instruments	Other long-term liabilities	$	—	$	60,737	$	—



		Fair Value at July 28, 2018
(In thousands)	Consolidated Balance Sheets Location	Level 1		Level 2		Level 3
Assets:
Interest rate swaps designated as hedging instruments	Prepaid expenses and other current assets	$	—	$	1,459	$	—
Interest rate swaps designated as hedging instruments	Other assets	$	—	$	5,860	$	—

Fair Value, by Balance Sheet Grouping

In the table below, the carrying value of our long-term debt is net of original issue discounts and debt issuance costs.



	August 3, 2019				July 28, 2018
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Notes receivable, including current portion	$	46,320	$	45,232	$	1,930	$	1,930
Long-term debt, including current portion	$	2,906,483	$	2,730,271	$	320,000	$	320,000