COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jul. 28, 2012

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

(11) COMMITMENTS AND CONTINGENCIES

        The Company leases various facilities and equipment under operating lease agreements with varying terms. Most of the leases contain renewal options and purchase options at several specific dates throughout the terms of the leases.

        Rent and other lease expense for the fiscal years ended July 28, 2012, July 30, 2011 and July 31, 2010 totaled approximately $56.4 million, $48.4 million and $45.2 million, respectively.

        Future minimum annual fixed payments required under non-cancelable operating leases having an original term of more than one year as of July 28, 2012 are as follows:

Fiscal Year:	(In thousands)
2013	$	45,640
2014		41,511
2015		37,059
2016		33,616
2017		30,309
2018 and thereafter		122,908
	$	311,043

        As of July 28, 2012, outstanding commitments for the purchase of inventory were approximately $24.0 million. The Company had outstanding letters of credit of approximately $24.0 million at July 28, 2012.

        As of July 28, 2012, outstanding commitments for the purchase of diesel fuel through fiscal 2013 were approximately $15.6 million.

        Assets mortgaged at July 28, 2012 were not material. The decrease from assets mortgaged of $84.3 million at July 30, 2011 is due to the payoff of the Company's term loan in May 2012.

        The Company may from time to time be involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the Company's consolidated financial position or results of operations. Legal expenses incurred in connection with claims and legal actions are expensed as incurred.