SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 29, 2017

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.



	2017					2016					2015
	Class A		Class B			Class A		Class B			Class A		Class B
Numerator:
Net income allocated, basic	$	17,354	$	5,025		$	18,967	$	5,563		$	23,050	$	6,885
Conversion of Class B to Class A shares	5,025		—			5,563		—			6,885		—
Effect of share-based compensation on allocated net income	25		(4		)	—		(3		)	46		(23		)
Net income allocated, diluted	$	22,404	$	5,021		$	24,530	$	5,560		$	29,981	$	6,862

Denominator:
Weighted average shares outstanding, basic	9,663		4,314			9,567		4,319			9,459		4,353
Conversion of Class B to Class A shares	4,314		—			4,319		—			4,353		—
Dilutive effect of share-based compensation	27		—			—		—			48		—
Weighted average shares outstanding, diluted	14,004		4,314			13,886		4,319			13,860		4,353

Net income per share is as follows:



	2017				2016				2015
	Class A		Class B		Class A		Class B		Class A		Class B
Basic	$	1.80	$	1.16	$	1.98	$	1.29	$	2.44	$	1.58
Diluted	$	1.60	$	1.16	$	1.77	$	1.29	$	2.16	$	1.58

Outstanding stock options to purchase Class A shares of 376, 226 and 224 were excluded from the calculation of diluted net income per share at July 29, 2017, July 30, 2016 and July 25, 2015, respectively, as a result of their anti-dilutive effect. In addition, 361, 250 and 271 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 29, 2017, July 30, 2016 and July 25, 2015, respectively, due to their anti-dilutive effect.