XML 65 R40.htm IDEA: XBRL DOCUMENT v3.20.1
EARNINGS PER SHARE (Tables)
9 Months Ended
May 02, 2020
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:
 
 
13-Week Period Ended
 
39-Week Period Ended
(in thousands, except per share data)
 
May 2,
2020
 
April 27,
2019
 
May 2,
2020
 
April 27,
2019
Basic weighted average shares outstanding
 
53,718

 
50,846

 
53,485

 
50,748

Net effect of dilutive stock awards based upon the treasury stock method
 
1,499

 
118

 

 

Diluted weighted average shares outstanding
 
55,217

 
50,964

 
53,485

 
50,748

 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.99

 
$
0.64

 
$
(7.24
)
 
$
(6.93
)
Discontinued operations
 
$
0.65

 
$
0.48

 
$
1.14

 
$
0.95

Basic earnings (loss) per share
 
$
1.64

 
$
1.12

 
$
(6.10
)
 
$
(5.99
)
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.96

 
$
0.64

 
$
(7.24
)
 
$
(6.93
)
Discontinued operations(1)
 
$
0.63

 
$
0.48

 
$
1.12

 
$
0.94

Diluted earnings (loss) per share
 
$
1.60

 
$
1.12

 
$
(6.10
)
 
$
(5.99
)
 
 
 
 
 
 
 
 
 
Anti-dilutive stock-based awards excluded from the calculation of diluted earnings per share
 
1,771

 
5,176

 
1,868

 
2,723


(1)
The computation of diluted earnings per share from discontinued operations is calculated using diluted weighted average shares outstanding, which includes the net effect of dilutive stock awards and 821 thousand and 275 thousand shares for fiscal 2020 and 2019 year-to-date, respectively.