Share-Based Compensation (Tables)

12 Months Ended

Aug. 02, 2019

Share-Based Compensation [Abstract]

LTPP Performance and Vesting Period

The following table summarizes the performance periods and vesting periods for the Company’s nonvested stock awards under its long-term performance plans at August 2, 2019:

Long-Term Performance Plan (“LTPP”)	Performance Period		Vesting Period (in Years)
2019 LTPP		2019 – 2020	2 or 3
2018 LTPP		2018 – 2019	2 or 3

Outstanding Awards under LTPP

The following table summarizes the shares that have been accrued under the 2019 LTPP and 2018 LTPP at August 2, 2019:

2019 LTPP	13,104
2018 LTPP	17,190

Nonvested Stock Activity

A summary of the Company’s nonvested stock activity as of August 2, 2019, and changes during 2019 are presented in the following table:

Nonvested Stock	Shares			Weighted-Average Grant Date Fair Value
Unvested at August 3, 2018		41,758		$	143.73
Granted		49,724			150.13
Vested		(34,692	)		147.55
Forfeited		(4,207	)		144.93
Unvested at August 2, 2019		52,583		$	147.17

Aggregate Fair Value of Non Vested Stock

The following table summarizes the total fair value of nonvested stock that vested for each of the three years:

	2019		2018		2017
Total fair value of nonvested stock	$	5,119	$	5,976	$	14,700

Shares Accrued Under TSR RSUs Awards

The following table summarizes the shares that have been accrued for rTSR RSUs awards under the 2019, 2018 and 2017 long-term incentive plans at August 2, 2019:

	Shares
2019 rTSR RSUs		3,675
2018 rTSR RSUs		5,722
2017 rTSR RSUs		7,548

Total Intrinsic Values of Options Exercised

The following table summarizes the total intrinsic values of options exercised during each of the three years:

	2019		2018		2017
Total intrinsic values of options exercised*	$	—	$	466	$	1,070

*The intrinsic value for stock options is defined as the difference between the current market value and the grant price.

Components of Share-based Compensation Expense

The following table highlights the components of share-based compensation expense for each of the three years:

	2019		2018		2017
Nonvested stock awards and units	$	8,181	$	6,052	$	6,654
MSU Grants		—		925		1,804
Total compensation expense	$	8,181	$	6,977	$	8,458

Unrecognized Compensation Cost, Nonvested Awards

The following table highlights the total unrecognized compensation expense related to the outstanding nonvested stock awards and nonvested stock units and the weighted-average periods over which the expense is expected to be recognized as of August 2, 2019:

	Nonvested Stock Awards		Nonvested Stock Units
Total unrecognized compensation	$	3,496	$	1,363
Weighted-average period in years		1.73		1.67

Total Share-based Compensation Income Tax Benefit

The following table highlights the total income tax benefit recognized in the Consolidated Statements of Income for each of the three years:

	2019		2018		2017
Total income tax benefit	$	1,317	$	774	$	2,740