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Declared Dividends
6 Months Ended
Jan. 26, 2013
Notes  
Declared Dividends

           

6.      On November 29, 2012, the Board of Directors declared a special dividend of $1.00 per Class A common share and $.65 per Class B common share.  In addition, the Board declared regular quarterly dividends of $.25 per Class A common share and $.1625 per Class B common share.  These dividends were paid on December 27, 2012 to shareholders of record at the close of business on December 12, 2012.  The Board declared these $15 million of dividends in order to provide a return to our shareholders in 2012 while tax rates on dividends remained low.  The Board’s current intention is to continue to pay quarterly dividends in 2013 at the most recent rate of $.25 per Class A and $.1625 per Class B share.