SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 30, 2016

Schedule of Earnings Per Share, Basic and Diluted

The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented.



	2016					2015					2014
	Class A		Class B			Class A		Class B			Class A			Class B
Numerator:
Net income allocated, basic	$	18,967	$	5,563		$	23,050	$	6,885		$	3,788		$	1,141
Conversion of Class B to Class A shares	5,563		—			6,885		—			1,141			—
Effect of share-based compensation on allocated net income	—		(3		)	46		(23		)	(20		)	(11		)
Net income allocated, diluted	$	24,530	$	5,560		$	29,981	$	6,862		$	4,909		$	1,130

Denominator:
Weighted average shares outstanding, basic	9,567		4,319			9,459		4,353			9,258			4,374
Conversion of Class B to Class A shares	4,319		—			4,353		—			4,374			—
Dilutive effect of share-based compensation	—		—			48		—			62			—
Weighted average shares outstanding, diluted	13,886		4,319			13,860		4,353			13,694			4,374

Net income per share is as follows:



	2016				2015				2014
	Class A		Class B		Class A		Class B		Class A		Class B
Basic	$	1.98	$	1.29	$	2.44	$	1.58	$	0.41	$	0.26
Diluted	$	1.77	$	1.29	$	2.16	$	1.58	$	0.36	$	0.26

Outstanding stock options to purchase Class A shares of 226, 224 and 540 were excluded from the calculation of diluted net income per share at July 30, 2016, July 25, 2015 and July 26, 2014, respectively, as a result of their anti-dilutive effect. In addition, 250, 271 and 288 non-vested restricted Class A shares, which are considered participating securities, and their allocated net income were excluded from the diluted net income per share calculation at July 30, 2016, July 25, 2015 and July 26, 2014, respectively, due to their anti-dilutive effect.