Cracker Barrel Old Country Store (CBRL) 10-Q 29 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 27, 2018	May 22, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CRACKER BARREL OLD COUNTRY STORE, INC
Entity Central Index Key	1,067,294
Current Fiscal Year End Date	--08-03
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		24,003,611
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 27, 2018

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Apr. 27, 2018	Jul. 28, 2017	[1]
Current Assets:
Cash and cash equivalents	$ 174,294	$ 161,001
Accounts receivable	18,630	18,116
Income taxes receivable	2,719	4,265
Inventories	156,991	156,367
Prepaid expenses and other current assets	17,441	16,047
Deferred income taxes	0	3,061
Total current assets	370,075	358,857
Property and equipment	2,173,687	2,093,448
Less: Accumulated depreciation and amortization of capital leases	1,046,847	995,351
Property and equipment - net	1,126,840	1,098,097
Other assets	71,416	64,988
Total assets	1,568,331	1,521,942
Current Liabilities:
Accounts payable	104,702	118,395
Other current liabilities	246,862	257,433
Total current liabilities	351,564	375,828
Long-term debt	400,000	400,000
Other long-term obligations	128,389	136,186
Deferred income taxes	47,997	65,421
Commitments and Contingencies (Note 13)
Shareholders' Equity:
Preferred stock - 100,000,000 shares of $.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued	0	0
Common stock - 400,000,000 shares of $.01 par value authorized; 24,003,611 shares issued and outstanding at April 27, 2018, and 24,055,682 shares issued and outstanding at July 28, 2017	240	241
Additional paid-in capital	43,591	55,659
Accumulated other comprehensive income (loss)	4,451	(4,229)
Retained earnings	592,099	492,836
Total shareholders' equity	640,381	544,507
Total liabilities and shareholders' equity	$ 1,568,331	$ 1,521,942
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 28, 2017, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2017.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Apr. 27, 2018	Jul. 28, 2017
Shareholders' Equity:
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	24,003,611	24,055,682
Common stock, shares outstanding (in shares)	24,003,611	24,055,682
Series A Junior Participating Preferred Stock [Member]
Shareholders' Equity:
Preferred stock, shares authorized (in shares)	300,000	300,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]
Total revenue	$ 721,413	$ 700,410	$ 2,219,552	$ 2,183,063
Cost of goods sold (exclusive of depreciation and rent)	217,719	205,882	689,420	673,911
Labor and other related expenses	257,360	250,819	769,154	759,193
Other store operating expenses	147,616	136,231	441,843	415,136
Store operating income	98,718	107,478	319,135	334,823
General and administrative expenses	35,409	36,000	108,314	104,905
Operating income	63,309	71,478	210,821	229,918
Interest expense	3,594	3,389	10,892	10,703
Income before income taxes	59,715	68,089	199,929	219,215
Provision for income taxes	10,968	21,165	13,663	71,209
Net income	$ 48,747	$ 46,924	$ 186,266	$ 148,006
Net income per share:
Basic (in dollars per share)	$ 2.03	$ 1.95	$ 7.76	$ 6.16
Diluted (in dollars per share)	$ 2.03	$ 1.95	$ 7.74	$ 6.14
Weighted average shares:
Basic (in shares)	24,003,611	24,042,573	24,013,435	24,028,175
Diluted (in shares)	24,065,783	24,121,203	24,075,834	24,111,753
Dividends declared per share (in dollars per share)	$ 1.20	$ 1.15	$ 3.60	$ 3.45
Dividends paid per share (in dollars per share)	$ 1.20	$ 1.15	$ 3.60	$ 3.45

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 48,747	$ 46,924	$ 186,266	$ 148,006
Other comprehensive income (loss) before income tax expense (benefit):
Change in fair value of interest rate swaps	4,330	(1,773)	12,779	15,728
Income tax expense (benefit)	1,076	(678)	4,099	6,016
Other comprehensive income (loss), net of tax	3,254	(1,095)	8,680	9,712
Comprehensive income	$ 52,001	$ 45,829	$ 194,946	$ 157,718

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Apr. 27, 2018		Apr. 28, 2017
Cash flows from operating activities:
Net income	$ 186,266		$ 148,006
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	68,297		63,628
Loss on disposition of property and equipment	4,757		3,760
Share-based compensation	6,063		6,347
Excess tax benefit from share-based compensation	0		(1,203)
Changes in assets and liabilities:
Inventories	(624)		(3,224)
Other current assets	(562)		15,501
Accounts payable	(13,693)		(34,031)
Other current liabilities	(9,269)		5,013
Other long-term assets and liabilities	(20,260)		(725)
Net cash provided by operating activities	220,975		203,072
Cash flows from investing activities:
Purchase of property and equipment	(101,985)		(81,249)
Proceeds from insurance recoveries of property and equipment	300		388
Proceeds from sale of property and equipment	393		413
Net cash used in investing activities	(101,292)		(80,448)
Cash flows from financing activities:
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net	(3,360)		(6,031)
Purchases and retirement of common stock	(14,772)		0
Dividends on common stock	(88,258)		(85,069)
Excess tax benefit from share-based compensation	0		1,203
Net cash used in financing activities	(106,390)		(89,897)
Net increase in cash and cash equivalents	13,293		32,727
Cash and cash equivalents, beginning of period	161,001	[1]	150,966
Cash and cash equivalents, end of period	174,294		183,693
Cash paid during the period for:
Interest, net of amounts capitalized	10,213		9,880
Income taxes	32,940		54,201
Supplemental schedule of non-cash investing and financing activities:
Capital expenditures accrued in accounts payable	6,291		3,845
Change in fair value of interest rate swaps	12,779		15,727
Change in deferred tax asset for interest rate swaps	(4,099)		(6,015)
Dividends declared but not yet paid	$ 30,035		$ 29,270
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 28, 2017, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2017.

Condensed Consolidated Financia

Condensed Consolidated Financial Statements	9 Months Ended
	Apr. 27, 2018
Condensed Consolidated Financial Statements [Abstract]
Condensed Consolidated Financial Statements	1. Condensed Consolidated Financial Statements Cracker Barrel Old Country Store, Inc. and its affiliates (collectively, in these Notes to Condensed Consolidated Financial Statements, the “Company”) are principally engaged in the operation and development in the United States of the Cracker Barrel Old Country Store® (“Cracker Barrel”) concept. The condensed consolidated balance sheets at April 27, 2018 and July 28, 2017 and the related condensed consolidated statements of income, comprehensive income and cash flows for the quarters and/or the nine-month periods ended April 27, 2018 and April 28, 2017, respectively, have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) without audit. In the opinion of management, all adjustments (consisting of normal and recurring items) necessary for a fair presentation of such condensed consolidated financial statements have been made. The results of operations for any interim period are not necessarily indicative of results for a full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the year ended July 28, 2017 (the “2017 Form 10-K”). The accounting policies used in preparing these condensed consolidated financial statements are the same as described in the 2017 Form 10-K. References to a year in these Notes to Condensed Consolidated Financial Statements are to the Company’s fiscal year unless otherwise noted. Recent Accounting Pronouncements Adopted Inventory In July 2015, the Financial Accounting Standards Board (“FASB”) issued accounting guidance which requires companies to measure certain inventory at the lower of cost and net realizable value. This accounting guidance does not apply to inventories measured by using either the last-in, first-out method or the retail inventory method. This accounting guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years on a prospective basis. The adoption of this accounting guidance in the first quarter of 2018 did not have a significant impact on the Company’s consolidated financial position or results of operations. Deferred Taxes In November 2015, in order to simplify the presentation of deferred income taxes, the FASB issued accounting guidance which requires deferred tax liabilities and assets to be classified as noncurrent in the balance sheet. This accounting guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. This accounting guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Other than the revised balance sheet presentation of deferred tax liabilities and assets, the adoption of this accounting guidance on a prospective basis in the first quarter of 2018 did not have a significant impact on the Company’s consolidated financial position or results of operations. Prior periods were not retrospectively adjusted for the adoption of this accounting guidance. Share-Based Payments In March 2016, the FASB issued accounting guidance in order to simplify certain aspects of the accounting and presentation of share-based payments, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This accounting guidance is effective for fiscal periods beginning after December 15, 2016, and interim periods within those fiscal years. This guidance may be applied either on a prospective basis, retrospective basis or a modified retrospective basis depending on the specific accounting topic covered in the accounting guidance. The Company adopted this accounting guidance in the first quarter of 2018. The impact of recognizing excess tax benefits of $759 as a reduction to the provision for income taxes on a prospective basis resulted in a benefit of $0.03 per diluted share in the first quarter of 2018. The Company elected to apply the presentation of excess tax benefits on the statement of cash flows on a prospective basis; prior periods were not retrospectively adjusted. The Company also elected to continue estimating forfeitures of share-based awards. Recent Accounting Pronouncements Not Yet Adopted Revenue Recognition In May 2014, the FASB issued accounting guidance which clarifies the principles for recognizing revenue and provides a comprehensive model for revenue recognition. Revenue recognition should depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted for fiscal years beginning after December 15, 2016. A company may apply this accounting guidance either retrospectively or by using the cumulative effect transition method. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Leases In February 2016, the FASB issued accounting guidance which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years on a modified retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, in order to address diversity in practice related to the derecognition of a prepaid stored-value product liability, the FASB issued accounting guidance requiring breakage for prepaid stored-value product liabilities to be accounted for consistent with the breakage guidance in the revenue recognition standard (see “Revenue Recognition” above). This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This accounting guidance may be applied either on a modified retrospective basis or on a retrospective basis. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Modification of Share-Based Payment Awards In May 2017, the FASB issued accounting guidance to provide clarity, reduce the diversity in practice and to simplify the accounting guidance related to a change to the terms or conditions of a share-based payment award. This new standard provides guidance for evaluating which changes to the terms or conditions of a share-based payment award are substantive and require modification accounting to be applied. This accounting guidance is effective for fiscal periods beginning after December 15, 2017, and interim periods within those fiscal years on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Accounting for Hedging Activities In August 2017, the FASB issued accounting guidance which amends the recognition, presentation and disclosure requirements of hedge accounting in order to better portray the economics of entities’ risk management activities, increase transparency and understandability of hedging relationships and simplify the application of hedge accounting. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted. The recognition requirements for cash flow and net investment hedges existing at the date of adoption will be applied using a cumulative-effect adjustment to retained earnings. The amended presentation and disclosure requirements will be applied on a prospective basis. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 22, 2017, the U.S. government enacted P.L. 115-97, the Tax Cuts and Jobs Act (the “Tax Act”). In February 2018, the FASB issued accounting guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulted from the Tax Act. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. If elected, this accounting guidance should be applied either in the period of adoption or retrospectively to each period in which the change in the U.S. federal corporate rate in the Tax Act is recognized. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Apr. 27, 2018
Fair Value Measurements [Abstract]
Fair Value Measurements	2. Fair Value Measurements The Company’s assets and liabilities measured at fair value on a recurring basis at April 27, 2018 were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Cash equivalents* $ 93,446 $ -- $ -- $ 93,446 Interest rate swap asset (see Note 5) -- 5,968 -- 5,968 Deferred compensation plan assets** 31,784 -- -- 31,784 Total assets at fair value $ 125,230 $ 5,968 $ -- $ 131,198 Interest rate swap liability (see Note 5) $ -- $ 37 $ -- $ 37 Total liabilities at fair value $ -- $ 37 $ -- $ 37 The Company’s assets and liabilities measured at fair value on a recurring basis at July 28, 2017 were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Cash equivalents* $ 82,524 $ -- $ -- $ 82,524 Interest rate swap asset (see Note 5) -- 32 -- 32 Deferred compensation plan assets** 31,196 -- -- 31,196 Total assets at fair value $ 113,720 $ 32 $ -- $ 113,752 Interest rate swap liability (see Note 5) $ -- $ 6,880 $ -- $ 6,880 Total liabilities at fair value $ -- $ 6,880 $ -- $ 6,880 *Consists of money market fund investments. **Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s non-qualified savings plan and is included in the Condensed Consolidated Balance Sheets as other assets. The Company’s money market fund investments and deferred compensation plan assets are measured at fair value using quoted market prices. The fair values of the Company’s interest rate swap assets and liabilities are determined based on the present value of expected future cash flows. Since the values of the Company’s interest rate swaps are based on the LIBOR forward curve, which is observable at commonly quoted intervals for the full terms of the swaps, it is considered a Level 2 input. Non-performance risk is reflected in determining the fair value of the interest rate swaps by using the Company’s credit spread less the risk-free interest rate, both of which are observable at commonly quoted intervals for the terms of the swaps. Thus, the adjustment for non-performance risk is also considered a Level 2 input. The fair values of the Company’s accounts receivable and accounts payable approximate their carrying amounts because of their short duration. The fair value of the Company’s variable rate debt, based on quoted market prices, which are considered Level 1 inputs, approximates its carrying amount at April 27, 2018 and July 28, 2017.

Inventories

Inventories	9 Months Ended
	Apr. 27, 2018
Inventories [Abstract]
Inventories	3. Inventories Inventories were comprised of the following at: April 27, 2018 July 28, 2017 Retail $ 117,557 $ 119,446 Restaurant 22,058 20,252 Supplies 17,376 16,669 Total $ 156,991 $ 156,367

Debt

Debt	9 Months Ended
	Apr. 27, 2018
Debt [Abstract]
Debt	4. Debt The Company has a $750,000 revolving credit facility (the “Revolving Credit Facility”), which expires on January 8, 2020. At both April 27, 2018 and July 28, 2017, the Company had $400,000 of outstanding borrowings under the Revolving Credit Facility. At April 27, 2018, the Company had $9,455 of standby letters of credit, which reduce the Company’s borrowing availability under the Revolving Credit Facility (see Note 13 for more information on the Company’s standby letters of credit). At April 27, 2018, the Company had $340,545 in borrowing availability under the Revolving Credit Facility. In accordance with the Revolving Credit Facility, outstanding borrowings bear interest, at the Company’s election, either at LIBOR or prime plus a percentage point spread based on certain specified financial ratios under the Revolving Credit Facility. As of April 27, 2018, the Company’s outstanding borrowings were swapped at a weighted average interest rate of 3.21% (see Note 5 for information on the Company’s interest rate swaps). The Revolving Credit Facility contains customary financial covenants, which include maintenance of a maximum consolidated total leverage ratio and a minimum consolidated interest coverage ratio. At April 27, 2018, the Company was in compliance with all financial covenants. The Revolving Credit Facility also imposes restrictions on the amount of dividends the Company is permitted to pay and the amount of shares the Company is permitted to repurchase. Under the Revolving Credit Facility, provided there is no default existing and the total of the Company’s availability under the Revolving Credit Facility plus the Company’s cash and cash equivalents on hand is at least $100,000 (the “cash availability”), the Company may declare and pay cash dividends on shares of its common stock and repurchase shares of its common stock (1) in an unlimited amount if, at the time such dividend or repurchase is made, the Company’s consolidated total leverage ratio is 3.00 to 1.00 or less and (2) in an aggregate amount not to exceed $100,000 in any fiscal year if the Company’s consolidated total leverage ratio is greater than 3.00 to 1.00 at the time the dividend or repurchase is made; notwithstanding (1) and (2), so long as immediately after giving effect to the payment of any such dividends, cash availability is at least $100,000, the Company may declare and pay cash dividends on shares of its common stock in an aggregate amount not to exceed in any fiscal year the product of the aggregate amount of dividends declared in the fourth quarter of the immediately preceding fiscal year multiplied by four.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Apr. 27, 2018
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	5. Derivative Instruments and Hedging Activities The Company has interest rate risk relative to its outstanding borrowings (see Note 4 for information on the Company’s outstanding borrowings). The Company’s policy has been to manage interest cost using a mix of fixed and variable rate debt. To manage this risk in a cost-efficient manner, the Company uses derivative instruments, specifically interest rate swaps. For each of the Company’s interest rate swaps, the Company has agreed to exchange with a counterparty the difference between fixed and variable interest amounts calculated by reference to an agreed-upon notional principal amount. The interest rates on the portion of the Company’s outstanding debt covered by its interest rate swaps are fixed at the rates in the table below plus the Company’s credit spread. The Company’s credit spread at April 27, 2018 was 1.00%. All of the Company’s interest rate swaps are accounted for as cash flow hedges. A summary of the Company’s interest rate swaps at April 27, 2018 is as follows: Trade Date Effective Date Term (in Years) Notional Amount Fixed Rate March 18, 2013 May 3, 2015 3 $ 50,000 1.51 % April 22, 2013 May 3, 2015 3 25,000 1.30 % April 25, 2013 May 3, 2015 3 25,000 1.29 % June 18, 2014 May 3, 2015 4 120,000 2.51 % June 24, 2014 May 3, 2015 4 90,000 2.51 % July 1, 2014 May 5, 2015 4 90,000 2.43 % January 30, 2015 May 3, 2019 2 80,000 2.15 % January 30, 2015 May 3, 2019 2 60,000 2.16 % January 30, 2015 May 4, 2021 3 120,000 2.41 % January 30, 2015 May 3, 2019 2 60,000 2.15 % January 30, 2015 May 4, 2021 3 80,000 2.40 % The notional amount for the interest rate swap entered into on June 18, 2014 increases to $160,000 in May 2018. The notional amounts for the interest rate swaps entered into on June 24, 2014 and July 1, 2014 each increase to $120,000 in May 2018. The Company does not hold or use derivative instruments for trading purposes. The Company also does not have any derivatives not designated as hedging instruments and has not designated any non-derivatives as hedging instruments. Companies may elect to offset related assets and liabilities and report the net amount on their financial statements if the right of setoff exists. Under a master netting agreement, the Company has the legal right to offset the amounts owed to the Company against amounts owed by the Company under a derivative instrument that exists between the Company and a counterparty. When the Company is engaged in more than one outstanding derivative transaction with the same counterparty and also has a legally enforceable master netting agreement with that counterparty, its credit risk exposure is based on the net exposure under the master netting agreement. If, on a net basis, the Company owes the counterparty, the Company regards its credit exposure to the counterparty as being zero. The estimated fair values of the Company’s derivative instruments as of April 27, 2018 and July 28, 2017 were as follows: (See Note 2) Balance Sheet Location April 27, 2018 July 28, 2017 Interest rate swaps Prepaid expenses and other current assets $ 5 $ 32 Interest rate swaps Other assets 5,963 -- Total assets $ 5,968 $ 32 Interest rate swaps Other current liabilities $ -- $ 47 Interest rate swaps Other long-term obligations 37 6,833 Total liabilities $ 37 $ 6,880 *These interest rate swap assets and liabilities are recorded at gross at both April 27, 2018 and July 28, 2017 since there were no offsetting assets and liabilities under the Company’s master netting agreements. The estimated fair value of the Company’s interest rate swap assets and liabilities incorporates the Company’s non-performance risk (see Note 2). The adjustment related to the Company’s non-performance risk at April 27, 2018 and July 28, 2017 resulted in reductions of $198 and $103, respectively, in the fair value of the interest rate swap liabilities. The offset to the interest rate swap asset and liabilities is recorded in accumulated other comprehensive income (loss) (“AOCIL”), net of the deferred tax asset, and will be reclassified into earnings over the term of the underlying debt. As of April 27, 2018, the estimated pre-tax portion of AOCIL that is expected to be reclassified into earnings over the next twelve months is $153. Cash flows related to the interest rate swaps are included in interest expense and in operating activities. The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCIL for the nine months ended April 27, 2018 and the year ended July 28, 2017: Amount of Income Recognized in AOCIL on Derivatives (Effective Portion) Nine Months Ended April 27, 2018 Year Ended July 28, 2017 Cash flow hedges: Interest rate swaps $ 12,779 $ 15,402 The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters and nine-month periods ended April 27, 2018 and April 28, 2017: Location of Loss Reclassified from AOCIL into Income (Effective Portion) Amount of Loss Reclassified from AOCIL into Income (Effective Portion) Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Cash flow hedges: Interest rate swaps Interest expense $ 865 $ 993 $ 2,852 $ 3,354 Any portion of the fair value of the swaps determined to be ineffective will be recognized currently in earnings. No ineffectiveness has been recorded in the nine-month periods ended April 27, 2018 and April 28, 2017.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Apr. 27, 2018
Shareholders' Equity [Abstract]
Shareholders' Equity	6. Shareholders’ Equity During the nine months ended April 27, 2018, the Company issued 47,929 shares of its common stock resulting from the vesting of share-based compensation awards and stock option exercises. Related tax withholding payments on these share-based compensation awards exceeded proceeds received from the exercise of stock options, which resulted in a net reduction to shareholders’ equity of $3,360. During the nine months ended April 27, 2018, the Company repurchased 100,000 shares of its common stock in the open market at an aggregate cost of $14,772. During the nine months ended April 27, 2018, total share-based compensation expense was $6,063. During the nine months ended April 27, 2018, the Company paid regular dividends of $3.60 per share of its common stock and declared a regular dividend of $1.20 per share of its common stock that was paid on May 7, 2018 to shareholders of record on April 13, 2018. On May 22, 2018, the Company declared a regular dividend of $1.25 per share of its common stock to be paid on August 6, 2018 to shareholders of record on July 13, 2018. Additionally, on May 22, 2018, the Company declared a special dividend of $3.75 per share of its common stock to be paid on August 3, 2018 to shareholders of record on July 13, 2018. The following table summarizes the changes in AOCIL, net of tax, related to the Company’s interest rate swaps for the nine months ended April 27, 2018 (see Notes 2 and 5): Changes in AOCIL AOCIL balance at July 28, 2017 $ (4,229 ) Other comprehensive income before reclassifications 10,661 Amounts reclassified from AOCIL (1,981 ) Other comprehensive income, net of tax 8,680 AOCIL balance at April 27, 2018 $ 4,451 The following table summarizes the amounts reclassified out of AOCIL related to the Company’s interest rate swaps for the quarter and nine months ended April 27, 2018: Amount Reclassified from AOCIL Affected Line Item in the Quarter Ended Nine Months Ended Condensed Consolidated Financial Statements Loss on cash flow hedges: Interest rate swaps $ (865 ) $ (2,852 ) Interest expense Tax benefit 264 871 Provision for income taxes $ (601 ) $ (1,981 ) Net of tax

Seasonality

Seasonality	9 Months Ended
	Apr. 27, 2018
Seasonality [Abstract]
Seasonality	7. Seasonality Historically, the net income of the Company has been lower in the first and third quarters and higher in the second and fourth quarters. Management attributes these variations to the holiday shopping season and the summer vacation and travel season. The Company's retail sales, which are made substantially to the Company’s restaurant customers, historically have been highest in the Company's second quarter, which includes the holiday shopping season. Historically, interstate tourist traffic and the propensity to dine out have been higher during the summer months, thereby contributing to higher profits in the Company’s fourth quarter. The Company generally opens additional new locations throughout the year. Therefore, the results of operations for any interim period cannot be considered indicative of the operating results for an entire year.

Segment Information

Segment Information	9 Months Ended
	Apr. 27, 2018
Segment Information [Abstract]
Segment Information	8. Segment Information Cracker Barrel stores represent a single, integrated operation with two related and substantially integrated product lines. The operating expenses of the restaurant and retail product lines of a Cracker Barrel store are shared and are indistinguishable in many respects. Accordingly, the Company currently manages its business on the basis of one reportable operating segment. All of the Company’s operations are located within the United States. Total revenue was comprised of the following for the specified periods: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Revenue: Restaurant $ 592,677 $ 575,098 $ 1,774,112 $ 1,739,888 Retail 128,736 125,312 445,440 443,175 Total revenue $ 721,413 $ 700,410 $ 2,219,552 $ 2,183,063

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Apr. 27, 2018
Share-Based Compensation [Abstract]
Share-Based Compensation	9. Share-Based Compensation Share-based compensation is recorded in general and administrative expenses in the accompanying Condensed Consolidated Statements of Income. Total share-based compensation was comprised of the following for the specified periods: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Nonvested stock awards $ 1,495 $ 1,947 $ 5,414 $ 5,045 Performance-based market stock units (“MSU Grants”) 247 389 649 1,302 $ 1,742 $ 2,336 $ 6,063 $ 6,347

Shareholder Rights Plans

Shareholder Rights Plans	9 Months Ended
	Apr. 27, 2018
Shareholder Rights Plans [Abstract]
Shareholder Rights Plans	10. Shareholder Rights Plans On April 9, 2018, the Company’s Board of Directors declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock, par value $0.01 per share, and adopted a shareholder rights plan, as set forth in the Rights Agreement dated as of April 9, 2018 (the “Rights Agreement”), by and between the Company and American Stock Transfer & Trust Company, LLC, as rights agent. The dividend was payable on April 19, 2018 to the shareholders of record on April 19, 2018. The Rights Agreement replaced the Company’s previous shareholder rights plan adopted in 2015 (the “2015 Plan”), and it became effective immediately following the expiration of the 2015 Plan at the close of business on April 9, 2018. The 2015 Plan and the preferred share purchase rights issued thereunder expired by their own terms and shareholders of the Company were not entitled to any payment as a result of the expiration of the 2015 Plan. The Rights Agreement will terminate unless approved by shareholders at the Company’s 2018 annual meeting. The Rights The Rights initially trade with, and are inseparable from, the Company’s common stock. The Rights are evidenced only by the balances indicated in the book-entry account system of the transfer agent for the Company’s common stock or, in the case of certificated shares, by certificates that represent shares of the Company’s common stock. New Rights will accompany any new shares of common stock the Company issues after April 19, 2018 until the earlier to occur of the Distribution Date, redemption of the Rights by the Company’s Board of Directors or the final expiration of the Rights Agreement, each as described below. Exercise Price Each Right will allow its holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock (“Preferred Share”) for $600.00 (the “Exercise Price”), once the Rights become exercisable. This portion of a Preferred Share will give the shareholder approximately the same dividend and liquidation rights as would one share of common stock. Prior to exercise, the Right does not give its holder any dividend, voting, or liquidation rights. Exercisability The Rights will not be exercisable until 10 days after the public announcement that a person or group has become an “Acquiring Person” by obtaining beneficial ownership of 20% or more of the Company’s outstanding common stock. Shares held by affiliates and associates of an Acquiring Person, and Notional Common Shares (as defined in the Rights Agreement) held by counterparties to a Derivatives Contract (as defined in the Rights Agreement) with an Acquiring Person, will be deemed to be beneficially owned by the Acquiring Person. Certain synthetic interests in securities created by derivative positions – whether or not such interests are considered to be ownership of the underlying common stock or are reportable for purposes of Regulation 13D of the Securities Exchange Act – are treated as beneficial ownership of the number of shares of the Company’s common stock equivalent to the economic exposure created by the derivative. The date when the Rights become exercisable is the “Distribution Date.” Until the Distribution Date, the common stock certificates will also evidence the Rights, and any transfer of shares of common stock will constitute a transfer of Rights. After that date, the Rights will separate from the common stock and will be evidenced by book-entry credits or by Rights certificates that the Company will mail to all eligible holders of common stock. Any Rights held by an Acquiring Person will be void and may not be exercised. At April 27, 2018, none of the Rights were exercisable. Consequences of a Person or Group Becoming an Acquiring Person If a person or group becomes an Acquiring Person, after the Distribution Date, each Right will generally entitle the holder, except the Acquiring Person or any associate or affiliate thereof, to acquire, for the exercise price of $600.00 per Right (subject to adjustment as provided in the Rights Agreement), shares of the Company’s common stock (or, in certain circumstances, Preferred Shares) having a market value equal to twice the Right’s then-current exercise price (initially $1,200.00 per Right). In addition, if, the Company is later acquired in a merger or similar transaction after the Distribution Date, each Right will generally entitle the holder, except the Acquiring Person or any associate or affiliate thereof, to acquire, for the exercise price of $600.00 per Right (subject to adjustment as provided in the Rights Agreement), shares of the acquiring corporation having a market value equal to twice the Right’s then-current exercise price (initially $1,200.00 per Right). Shares held by affiliates and associates of an Acquiring Person, and Notional Common Shares (as defined in the Rights Agreement) held by counterparties to a Derivatives Contract (as defined in the Rights Agreement) with an Acquiring Person, will be deemed to be beneficially owned by the Acquiring Person. Preferred Share Provisions Each one one-hundredth of a Preferred Share, if issued: · will not be redeemable; · will entitle holders to quarterly dividend payments of $0.01 per share, or an amount equal to the dividend paid on one share of common stock, whichever is greater; · will entitle holders upon liquidation either to receive $1.00 per share or an amount equal to the payment made on one share of common stock, whichever is greater; · will have the same voting power as one share of common stock; and · if shares of the Company’s common stock are exchanged via merger, consolidation, or a similar transaction, will entitle holders to a per share payment equal to the payment made on one share of common stock. The value of one one-hundredth of a Preferred Share will generally approximate the value of one share of common stock. Redemption The Board of Directors may redeem the Rights for $0.01 per Right at any time before any person or group becomes an Acquiring Person. If the Board of Directors redeems any Rights, it must redeem all of the Rights. Once the Rights are redeemed, the only right of the holders of Rights will be to receive the redemption price of $0.01 per Right. The redemption price will be adjusted if the Company has a stock split or stock dividends of its common stock. Qualifying Offer Provision The Rights would also not interfere with all-cash, fully financed tender offers for all shares of common stock that remain open for a minimum of 60 business days, are subject to a minimum condition of a majority of the outstanding shares and provide for a 20-business day “subsequent offering period” after consummation (such offers are referred to as “qualifying offers”). In the event the Company receives a qualifying offer and the Board of Directors has not redeemed the Rights prior to the consummation of such offer, the consummation of the qualifying offer will not cause the offeror or its affiliates to become an Acquiring Person, and the Rights will immediately expire upon consummation of the qualifying offer. Exchange After a person or group becomes an Acquiring Person, but before an Acquiring Person owns 50% or more of the Company’s outstanding common stock, the Board of Directors may extinguish the Rights by exchanging one share of common stock or an equivalent security for each Right, other than Rights held by the Acquiring Person. Anti-Dilution Provisions The Board of Directors may adjust the purchase price of the Preferred Shares, the number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split, a reclassification of the Preferred Shares or common stock. No adjustments to the Exercise Price of less than 1% will be made. Amendments The terms of the Rights Agreement may be amended by the Board of Directors without the consent of the holders of the Rights. After a person or group becomes an Acquiring Person, the Board of Directors may not amend the agreement in a way that adversely affects holders of the Rights . Expiration If the Rights Agreement is approved by the Company’s shareholders at the 2018 annual meeting, the Rights will expire on April 9, 2021. If shareholders do not approve the Rights Agreement, the Rights will expire immediately following certification of the vote at the 2018 annual meeting.

Income Taxes

Income Taxes	9 Months Ended
	Apr. 27, 2018
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, reducing the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018. In accordance with Section 15 of the Internal Revenue Code, the Company will use a blended rate of 26.9% for our fiscal 2018 tax year, by applying a prorated percentage of the number of days prior to and subsequent to the January 1, 2018 effective date of the Tax Act. The SEC’s Staff Accounting Bulletin No. 118 (“SAB 118”) provides guidance on accounting for tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting guidance under FASB Accounting Standards Codification Topic 740, Income Taxes During the second quarter of 2018, the Company recorded a provisional tax benefit for the re-measurement of deferred tax liabilities of $27,032 and $2,500 for long-term and short-term deferred tax liabilities, respectively.

Net Income Per Share and Weight

Net Income Per Share and Weighted Average Shares	9 Months Ended
	Apr. 27, 2018
Net Income Per Share and Weighted Average Shares [Abstract]
Net Income Per Share and Weighted Average Shares	12. Net Income Per Share and Weighted Average Shares Basic consolidated net income per share is computed by dividing consolidated net income available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted consolidated net income per share reflects the potential dilution that could occur if securities, options or other contracts to issue shares of common stock were exercised or converted into shares of common stock and is based upon the weighted average number of shares of common stock and common equivalent shares outstanding during the reporting period. Common equivalent shares related to stock options, nonvested stock awards and units and MSU Grants issued by the Company are calculated using the treasury stock method. The outstanding stock options, nonvested stock awards and units and MSU Grants issued by the Company represent the only dilutive effects on diluted consolidated net income per share. The following table reconciles the components of diluted earnings per share computations: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Net income per share numerator $ 48,747 $ 46,924 $ 186,266 $ 148,006 Net income per share denominator: Weighted average shares 24,003,611 24,042,573 24,013,435 24,028,175 Add potential dilution: Stock options, nonvested stock awards and MSU Grants 62,172 78,630 62,399 83,578 Diluted weighted average shares 24,065,783 24,121,203 24,075,834 24,111,753

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Apr. 27, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies The Company and its subsidiaries are party to various legal and regulatory proceedings and claims incidental to their business in the ordinary course. In the opinion of management, based upon information currently available, the ultimate liability with respect to these proceedings and claims will not materially affect the Company’s consolidated results of operations or financial position. Related to its workers’ compensation insurance coverage, the Company is contingently liable pursuant to standby letters of credit as credit guarantees to certain insurers. As of April 27, 2018, the Company had $9,455 of standby letters of credit related to securing reserved claims under workers’ compensation insurance. All standby letters of credit are renewable annually and reduce the Company’s borrowing availability under its Revolving Credit Facility (see Note 4). At April 27, 2018, the Company is secondarily liable for lease payments associated with two properties occupied by a third party. The Company is not aware of any non-performance under these lease arrangements that would result in the Company having to perform in accordance with the terms of these guarantees; and therefore, no provision has been recorded in the Condensed Consolidated Balance Sheets for amounts to be paid in case of non-performance by the primary obligor under such lease arrangements. The Company enters into certain indemnification agreements in favor of third parties in the ordinary course of business. The Company believes that the probability of incurring an actual liability under such indemnification agreements is sufficiently remote that no such liability has been recorded in the Condensed Consolidated Balance Sheet as of April 27, 2018.

Condensed Consolidated Financ20

Condensed Consolidated Financial Statements (Policies)	9 Months Ended
	Apr. 27, 2018
Condensed Consolidated Financial Statements [Abstract]
Recent Accounting Pronouncements Adopted and Not Yet Adopted	Recent Accounting Pronouncements Adopted Inventory In July 2015, the Financial Accounting Standards Board (“FASB”) issued accounting guidance which requires companies to measure certain inventory at the lower of cost and net realizable value. This accounting guidance does not apply to inventories measured by using either the last-in, first-out method or the retail inventory method. This accounting guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years on a prospective basis. The adoption of this accounting guidance in the first quarter of 2018 did not have a significant impact on the Company’s consolidated financial position or results of operations. Deferred Taxes In November 2015, in order to simplify the presentation of deferred income taxes, the FASB issued accounting guidance which requires deferred tax liabilities and assets to be classified as noncurrent in the balance sheet. This accounting guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. This accounting guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Other than the revised balance sheet presentation of deferred tax liabilities and assets, the adoption of this accounting guidance on a prospective basis in the first quarter of 2018 did not have a significant impact on the Company’s consolidated financial position or results of operations. Prior periods were not retrospectively adjusted for the adoption of this accounting guidance. Share-Based Payments In March 2016, the FASB issued accounting guidance in order to simplify certain aspects of the accounting and presentation of share-based payments, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This accounting guidance is effective for fiscal periods beginning after December 15, 2016, and interim periods within those fiscal years. This guidance may be applied either on a prospective basis, retrospective basis or a modified retrospective basis depending on the specific accounting topic covered in the accounting guidance. The Company adopted this accounting guidance in the first quarter of 2018. The impact of recognizing excess tax benefits of $759 as a reduction to the provision for income taxes on a prospective basis resulted in a benefit of $0.03 per diluted share in the first quarter of 2018. The Company elected to apply the presentation of excess tax benefits on the statement of cash flows on a prospective basis; prior periods were not retrospectively adjusted. The Company also elected to continue estimating forfeitures of share-based awards. Recent Accounting Pronouncements Not Yet Adopted Revenue Recognition In May 2014, the FASB issued accounting guidance which clarifies the principles for recognizing revenue and provides a comprehensive model for revenue recognition. Revenue recognition should depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted for fiscal years beginning after December 15, 2016. A company may apply this accounting guidance either retrospectively or by using the cumulative effect transition method. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Leases In February 2016, the FASB issued accounting guidance which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years on a modified retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, in order to address diversity in practice related to the derecognition of a prepaid stored-value product liability, the FASB issued accounting guidance requiring breakage for prepaid stored-value product liabilities to be accounted for consistent with the breakage guidance in the revenue recognition standard (see “Revenue Recognition” above). This accounting guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This accounting guidance may be applied either on a modified retrospective basis or on a retrospective basis. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Modification of Share-Based Payment Awards In May 2017, the FASB issued accounting guidance to provide clarity, reduce the diversity in practice and to simplify the accounting guidance related to a change to the terms or conditions of a share-based payment award. This new standard provides guidance for evaluating which changes to the terms or conditions of a share-based payment award are substantive and require modification accounting to be applied. This accounting guidance is effective for fiscal periods beginning after December 15, 2017, and interim periods within those fiscal years on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2019. Accounting for Hedging Activities In August 2017, the FASB issued accounting guidance which amends the recognition, presentation and disclosure requirements of hedge accounting in order to better portray the economics of entities’ risk management activities, increase transparency and understandability of hedging relationships and simplify the application of hedge accounting. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted. The recognition requirements for cash flow and net investment hedges existing at the date of adoption will be applied using a cumulative-effect adjustment to retained earnings. The amended presentation and disclosure requirements will be applied on a prospective basis. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020. Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 22, 2017, the U.S. government enacted P.L. 115-97, the Tax Cuts and Jobs Act (the “Tax Act”). In February 2018, the FASB issued accounting guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulted from the Tax Act. This accounting guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. If elected, this accounting guidance should be applied either in the period of adoption or retrospectively to each period in which the change in the U.S. federal corporate rate in the Tax Act is recognized. Early application is permitted. The Company is currently evaluating the impact of adopting this accounting guidance in the first quarter of 2020.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 27, 2018
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The Company’s assets and liabilities measured at fair value on a recurring basis at April 27, 2018 were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Cash equivalents* $ 93,446 $ -- $ -- $ 93,446 Interest rate swap asset (see Note 5) -- 5,968 -- 5,968 Deferred compensation plan assets** 31,784 -- -- 31,784 Total assets at fair value $ 125,230 $ 5,968 $ -- $ 131,198 Interest rate swap liability (see Note 5) $ -- $ 37 $ -- $ 37 Total liabilities at fair value $ -- $ 37 $ -- $ 37 The Company’s assets and liabilities measured at fair value on a recurring basis at July 28, 2017 were as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Cash equivalents* $ 82,524 $ -- $ -- $ 82,524 Interest rate swap asset (see Note 5) -- 32 -- 32 Deferred compensation plan assets** 31,196 -- -- 31,196 Total assets at fair value $ 113,720 $ 32 $ -- $ 113,752 Interest rate swap liability (see Note 5) $ -- $ 6,880 $ -- $ 6,880 Total liabilities at fair value $ -- $ 6,880 $ -- $ 6,880 *Consists of money market fund investments. **Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s non-qualified savings plan and is included in the Condensed Consolidated Balance Sheets as other assets.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Apr. 27, 2018
Inventories [Abstract]
Inventories	Inventories were comprised of the following at: April 27, 2018 July 28, 2017 Retail $ 117,557 $ 119,446 Restaurant 22,058 20,252 Supplies 17,376 16,669 Total $ 156,991 $ 156,367

Derivative Instruments and He23

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Apr. 27, 2018
Derivative Instruments and Hedging Activities [Abstract]
Summary of Interest Rate Swaps	A summary of the Company’s interest rate swaps at April 27, 2018 is as follows: Trade Date Effective Date Term (in Years) Notional Amount Fixed Rate March 18, 2013 May 3, 2015 3 $ 50,000 1.51 % April 22, 2013 May 3, 2015 3 25,000 1.30 % April 25, 2013 May 3, 2015 3 25,000 1.29 % June 18, 2014 May 3, 2015 4 120,000 2.51 % June 24, 2014 May 3, 2015 4 90,000 2.51 % July 1, 2014 May 5, 2015 4 90,000 2.43 % January 30, 2015 May 3, 2019 2 80,000 2.15 % January 30, 2015 May 3, 2019 2 60,000 2.16 % January 30, 2015 May 4, 2021 3 120,000 2.41 % January 30, 2015 May 3, 2019 2 60,000 2.15 % January 30, 2015 May 4, 2021 3 80,000 2.40 %
Schedule of Estimated Fair Value of Derivative Instruments	The estimated fair values of the Company’s derivative instruments as of April 27, 2018 and July 28, 2017 were as follows: (See Note 2) Balance Sheet Location April 27, 2018 July 28, 2017 Interest rate swaps Prepaid expenses and other current assets $ 5 $ 32 Interest rate swaps Other assets 5,963 -- Total assets $ 5,968 $ 32 Interest rate swaps Other current liabilities $ -- $ 47 Interest rate swaps Other long-term obligations 37 6,833 Total liabilities $ 37 $ 6,880 *These interest rate swap assets and liabilities are recorded at gross at both April 27, 2018 and July 28, 2017 since there were no offsetting assets and liabilities under the Company’s master netting agreements.
Schedule of Pre-tax Effects of Derivative Instruments on Income and AOCIL	The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCIL for the nine months ended April 27, 2018 and the year ended July 28, 2017: Amount of Income Recognized in AOCIL on Derivatives (Effective Portion) Nine Months Ended April 27, 2018 Year Ended July 28, 2017 Cash flow hedges: Interest rate swaps $ 12,779 $ 15,402 The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters and nine-month periods ended April 27, 2018 and April 28, 2017: Location of Loss Reclassified from AOCIL into Income (Effective Portion) Amount of Loss Reclassified from AOCIL into Income (Effective Portion) Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Cash flow hedges: Interest rate swaps Interest expense $ 865 $ 993 $ 2,852 $ 3,354

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Apr. 27, 2018
Shareholders' Equity [Abstract]
Changes in AOCIL, Net of Tax, Related to Interest Rate Swaps	The following table summarizes the changes in AOCIL, net of tax, related to the Company’s interest rate swaps for the nine months ended April 27, 2018 (see Notes 2 and 5): Changes in AOCIL AOCIL balance at July 28, 2017 $ (4,229 ) Other comprehensive income before reclassifications 10,661 Amounts reclassified from AOCIL (1,981 ) Other comprehensive income, net of tax 8,680 AOCIL balance at April 27, 2018 $ 4,451
Amounts Reclassified Out of AOCIL Related to Interest Rate Swaps	The following table summarizes the amounts reclassified out of AOCIL related to the Company’s interest rate swaps for the quarter and nine months ended April 27, 2018: Amount Reclassified from AOCIL Affected Line Item in the Quarter Ended Nine Months Ended Condensed Consolidated Financial Statements Loss on cash flow hedges: Interest rate swaps $ (865 ) $ (2,852 ) Interest expense Tax benefit 264 871 Provision for income taxes $ (601 ) $ (1,981 ) Net of tax

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Apr. 27, 2018
Segment Information [Abstract]
Composition of Total Revenue	Total revenue was comprised of the following for the specified periods: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Revenue: Restaurant $ 592,677 $ 575,098 $ 1,774,112 $ 1,739,888 Retail 128,736 125,312 445,440 443,175 Total revenue $ 721,413 $ 700,410 $ 2,219,552 $ 2,183,063

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Apr. 27, 2018
Share-Based Compensation [Abstract]
Components of Share-based Compensation	Total share-based compensation was comprised of the following for the specified periods: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Nonvested stock awards $ 1,495 $ 1,947 $ 5,414 $ 5,045 Performance-based market stock units (“MSU Grants”) 247 389 649 1,302 $ 1,742 $ 2,336 $ 6,063 $ 6,347

Net Income Per Share and Weig27

Net Income Per Share and Weighted Average Shares (Tables)	9 Months Ended
	Apr. 27, 2018
Net Income Per Share and Weighted Average Shares [Abstract]
Reconciliation of Components of Diluted Earnings per Share Computations	The following table reconciles the components of diluted earnings per share computations: Quarter Ended Nine Months Ended April 27, 2018 April 28, 2017 April 27, 2018 April 28, 2017 Net income per share numerator $ 48,747 $ 46,924 $ 186,266 $ 148,006 Net income per share denominator: Weighted average shares 24,003,611 24,042,573 24,013,435 24,028,175 Add potential dilution: Stock options, nonvested stock awards and MSU Grants 62,172 78,630 62,399 83,578 Diluted weighted average shares 24,065,783 24,121,203 24,075,834 24,111,753

Condensed Consolidated Financ28

Condensed Consolidated Financial Statements (Details) - Accounting Standards Update 2016-09 [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 27, 2017USD ($)$ / shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of recognizing excess tax benefits | $	$ 759
Impact of recognizing excess tax benefits per diluted share (in dollars per share) | $ / shares	$ 0.03

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands		Apr. 27, 2018	Jul. 28, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	[1]	$ 93,446	$ 82,524
Interest rate swap asset (see Note 5)		5,968	32
Deferred compensation plan assets	[2]	31,784	31,196
Total assets at fair value		131,198	113,752
Interest rate swap liability (see Note 5)		37	6,880
Total liabilities at fair value		37	6,880
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	[1]	93,446	82,524
Interest rate swap asset (see Note 5)		0	0
Deferred compensation plan assets	[2]	31,784	31,196
Total assets at fair value		125,230	113,720
Interest rate swap liability (see Note 5)		0	0
Total liabilities at fair value		0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	[1]	0	0
Interest rate swap asset (see Note 5)		5,968	32
Deferred compensation plan assets	[2]	0	0
Total assets at fair value		5,968	32
Interest rate swap liability (see Note 5)		37	6,880
Total liabilities at fair value		37	6,880
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	[1]	0	0
Interest rate swap asset (see Note 5)		0	0
Deferred compensation plan assets	[2]	0	0
Total assets at fair value		0	0
Interest rate swap liability (see Note 5)		0	0
Total liabilities at fair value		$ 0	$ 0
[1]	Consists of money market fund investments.
[2]	Represents plan assets invested in mutual funds established under a rabbi trust for the Company's non-qualified savings plan and is included in the Condensed Consolidated Balance Sheets as other assets.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 27, 2018	Jul. 28, 2017
Inventories [Abstract]
Retail	$ 117,557	$ 119,446
Restaurant	22,058	20,252
Supplies	17,376	16,669
Total	$ 156,991	$ 156,367	[1]
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 28, 2017, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2017.

Debt (Details)

Debt (Details) - Revolving Credit Facility [Member] $ in Thousands	9 Months Ended
	Apr. 27, 2018USD ($)	Jul. 28, 2017USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 750,000
Line of credit facility, expiration date	Jan. 8, 2020
Outstanding borrowings	$ 400,000	$ 400,000
Amount of standby letters of credit	9,455
Current borrowing capacity	$ 340,545
Weighted average interest rates of swapped debt	3.21%
Restrictions on dividends payable	Under the Revolving Credit Facility, provided there is no default existing and the total of the Company’s availability under the Revolving Credit Facility plus the Company’s cash and cash equivalents on hand is at least $100,000 (the “cash availability”), the Company may declare and pay cash dividends on shares of its common stock and repurchase shares of its common stock (1) in an unlimited amount if, at the time such dividend or repurchase is made, the Company’s consolidated total leverage ratio is 3.00 to 1.00 or less and (2) in an aggregate amount not to exceed $100,000 in any fiscal year if the Company’s consolidated total leverage ratio is greater than 3.00 to 1.00 at the time the dividend or repurchase is made; notwithstanding (1) and (2), so long as immediately after giving effect to the payment of any such dividends, cash availability is at least $100,000, the Company may declare and pay cash dividends on shares of its common stock in an aggregate amount not to exceed in any fiscal year the product of the aggregate amount of dividends declared in the fourth quarter of the immediately preceding fiscal year multiplied by four.
Liquidity requirements	$ 100,000
Dividends threshold	$ 100,000
Leverage ratio, maximum	3
Multiplier used in calculating aggregate amount of cash dividends on shares of common stock in any fiscal year	4

Derivative Instruments and He32

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 27, 2018	May 22, 2018
Derivative [Line Items]
Company's credit spread	1.00%
Interest Rate Swap March 18, 2013 [Member]
Derivative [Line Items]
Trade date	Mar. 18, 2013
Effective date	May 3, 2015
Term	3 years
Notional amount	$ 50,000
Fixed rate	1.51%
Interest Rate Swap April 22, 2013 [Member]
Derivative [Line Items]
Trade date	Apr. 22, 2013
Effective date	May 3, 2015
Term	3 years
Notional amount	$ 25,000
Fixed rate	1.30%
Interest Rate Swap April 25, 2013 [Member]
Derivative [Line Items]
Trade date	Apr. 25, 2013
Effective date	May 3, 2015
Term	3 years
Notional amount	$ 25,000
Fixed rate	1.29%
Interest Rate Swap June 18, 2014 [Member]
Derivative [Line Items]
Trade date	Jun. 18, 2014
Effective date	May 3, 2015
Term	4 years
Notional amount	$ 120,000
Fixed rate	2.51%
Interest Rate Swap June 18, 2014 [Member] | Subsequent Event [Member]
Derivative [Line Items]
Notional amount		$ 160,000
Interest Rate Swap June 24, 2014 [Member]
Derivative [Line Items]
Trade date	Jun. 24, 2014
Effective date	May 3, 2015
Term	4 years
Notional amount	$ 90,000
Fixed rate	2.51%
Interest Rate Swap June 24, 2014 [Member] | Subsequent Event [Member]
Derivative [Line Items]
Notional amount		120,000
Interest Rate Swap July 1, 2014 [Member]
Derivative [Line Items]
Trade date	Jul. 1, 2014
Effective date	May 5, 2015
Term	4 years
Notional amount	$ 90,000
Fixed rate	2.43%
Interest Rate Swap July 1, 2014 [Member] | Subsequent Event [Member]
Derivative [Line Items]
Notional amount		$ 120,000
Interest Rate Swap One January 30, 2015 [Member]
Derivative [Line Items]
Trade date	Jan. 30, 2015
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 80,000
Fixed rate	2.15%
Interest Rate Swap Two January 30, 2015 [Member]
Derivative [Line Items]
Trade date	Jan. 30, 2015
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.16%
Interest Rate Swap Three January 30, 2015 [Member]
Derivative [Line Items]
Trade date	Jan. 30, 2015
Effective date	May 4, 2021
Term	3 years
Notional amount	$ 120,000
Fixed rate	2.41%
Interest Rate Swap Four January 30, 2015 [Member]
Derivative [Line Items]
Trade date	Jan. 30, 2015
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.15%
Interest Rate Swap Five January 30, 2015 [Member]
Derivative [Line Items]
Trade date	Jan. 30, 2015
Effective date	May 4, 2021
Term	3 years
Notional amount	$ 80,000
Fixed rate	2.40%

Derivative Instruments and He33

Derivative Instruments and Hedging Activities, Estimated Fair Values of Derivative Instruments (Details) - Interest Rate Swaps [Member] - USD ($) $ in Thousands		Apr. 27, 2018	Jul. 28, 2017
Derivatives, Fair Value [Line Items]
Fair value, asset	[1]	$ 5,968	$ 32
Fair value, liability	[1]	37	6,880
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value, asset	[1]	5	32
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value, asset	[1]	5,963	0
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value, liability	[1]	0	47
Other Long-Term Obligations [Member]
Derivatives, Fair Value [Line Items]
Fair value, liability	[1]	$ 37	$ 6,833
[1]	These interest rate swap assets and liabilities are recorded at gross at both April 27, 2018 and July 28, 2017 since there were no offsetting assets and liabilities under the Company's master netting agreements.

Derivative Instruments and He34

Derivative Instruments and Hedging Activities, Offsetting of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 27, 2018	Jul. 28, 2017
Derivatives, Fair Value [Line Items]
Estimated pre-tax portion of AOCIL that is expected to be reclassified into earnings over the next twelve months	$ 153
Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Offsetting assets	0	$ 0
Offsetting liabilities	0	0
Reduction in fair value of interest rate swap assets and liabilities due to adjustment related to non-performance risk	$ 198	$ 103

Derivative Instruments and He35

Derivative Instruments and Hedging Activities, Pre-tax Effects of Derivative Instruments on AOCIL and Income (Details) - Interest Rate Swaps [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017	Jul. 28, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income recognized in AOCIL on derivatives (effective portion)			$ 12,779		$ 15,402
Ineffectiveness recorded in earnings on interest rate cash flow hedge			0	$ 0
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from AOCIL into income (effective portion)	$ 865	$ 993	$ 2,852	$ 3,354

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	May 22, 2018	May 07, 2018	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
Shareholders' Equity [Abstract]
Number of shares issued from vesting of share-based compensation awards and stock option exercises (in shares)					47,929
Tax withholding payment net of cash received from issuance of share based compensation awards					$ 3,360	$ 6,031
Shares of common stock repurchased (in shares)					100,000
Cost of shares repurchased					$ 14,772
Share-based compensation expense					$ 6,063	$ 6,347
Dividends Payable [Line Items]
Cash dividends paid (in dollars per share)			$ 1.20	$ 1.15	$ 3.60	$ 3.45
Cash dividends declared (in dollars per share)			$ 1.20	$ 1.15	$ 3.60	$ 3.45
Regular Quarterly Dividend Declared in Q3 [Member]
Dividends Payable [Line Items]
Dividend declaration date			Apr. 27, 2018
Cash dividends declared (in dollars per share)			$ 1.20
Dividend record date			Apr. 13, 2018
Regular Quarterly Dividend Declared in Q3 [Member] | Subsequent Event [Member]
Dividends Payable [Line Items]
Cash dividends paid (in dollars per share)		$ 1.20
Dividend payment date		May 7, 2018
Regular Quarterly Dividend Declared in Q4 [Member] | Subsequent Event [Member]
Dividends Payable [Line Items]
Dividend declaration date	May 22, 2018
Cash dividends declared (in dollars per share)	$ 1.25
Dividend payment date	Aug. 6, 2018
Dividend record date	Jul. 13, 2018
Special Dividends Declared [Member] | Subsequent Event [Member]
Dividends Payable [Line Items]
Dividend declaration date	May 22, 2018
Cash dividends declared (in dollars per share)	$ 3.75
Dividend payment date	Aug. 3, 2018
Dividend record date	Jul. 13, 2018

Shareholders' Equity, Summary o

Shareholders' Equity, Summary of Changes in AOCIL, Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
Changes in AOCIL, net of tax, related to interest rate swaps [Roll Forward]
Balance, beginning of period	[1]			$ 544,507
Other comprehensive income before reclassifications				10,661
Amounts reclassified from AOCIL				(1,981)
Other comprehensive income (loss), net of tax		$ 3,254	$ (1,095)	8,680	$ 9,712
Balance, end of period		640,381		640,381
Accumulated Other Comprehensive Income (Loss) [Member]
Changes in AOCIL, net of tax, related to interest rate swaps [Roll Forward]
Balance, beginning of period				(4,229)
Balance, end of period		$ 4,451		$ 4,451
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 28, 2017, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2017.

Shareholders' Equity, Summary38

Shareholders' Equity, Summary of Amounts Reclassified out of AOCIL (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (3,594)	$ (3,389)	$ (10,892)	$ (10,703)
Provision for income taxes	(10,968)	(21,165)	(13,663)	(71,209)
Net of tax	48,747	$ 46,924	186,266	$ 148,006
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Provision for income taxes	264		871
Net of tax	(601)		(1,981)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (865)		$ (2,852)

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018USD ($)	Apr. 28, 2017USD ($)	Apr. 27, 2018USD ($)LineSegment	Apr. 28, 2017USD ($)
Segment Information [Abstract]
Number of product lines | Line			2
Number of reportable operating segments | Segment			1
Revenue from External Customer [Line Items]
Revenue	$ 721,413	$ 700,410	$ 2,219,552	$ 2,183,063
Restaurant [Member]
Revenue from External Customer [Line Items]
Revenue	592,677	575,098	1,774,112	1,739,888
Retail [Member]
Revenue from External Customer [Line Items]
Revenue	$ 128,736	$ 125,312	$ 445,440	$ 443,175

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	$ 1,742	$ 2,336	$ 6,063	$ 6,347
Nonvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	1,495	1,947	5,414	5,045
Performance-Based Market Stock Units ("MSU Grants") [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	$ 247	$ 389	$ 649	$ 1,302

Shareholder Rights Plans (Detai

Shareholder Rights Plans (Details)	9 Months Ended
	Apr. 27, 2018Right$ / sharesshares	Jul. 28, 2017$ / shares
Class of Warrant or Right [Line Items]
Par value of common share outstanding (in dollars per share)	$ 0.01	$ 0.01
Rights Agreement [Member]
Class of Warrant or Right [Line Items]
Dividend declaration date	Apr. 9, 2018
Number of preferred share purchase right declared as dividend for each share of common stock outstanding | Right	1
Par value of common share outstanding (in dollars per share)	$ 0.01
Dividend record date	Apr. 19, 2018
Dividend payment date	Apr. 19, 2018
Rights expiration date	Apr. 9, 2021
Exercise price of each right (in dollars per share)	$ 600
Rights exercisable (in shares) | shares	0
Exercise price of each right, if a person or group becomes an acquiring person (in dollars per share)	$ 600
Market value expressed in multiple of exercise price, if a person or group becomes an acquiring person	2
Market value of each right If a person or group becomes an acquiring person (in dollars per share)	$ 1,200
Exercise price of each right, if the company is later acquired in a merger (in dollars per share)	$ 600
Market value expressed in multiple of exercise price, if the company is later acquired in a merger	2
Market value of each right, if the company is later acquired in a merger (in dollars per share)	$ 1,200
Redemption price of the right (in dollars per share)	$ 0.01
Subsequent offering period	20 days
Number of common stock shares that can be exchanged for each right if rights were extinguished (in shares) | shares	1
Rights Agreement [Member] | Minimum [Member]
Class of Warrant or Right [Line Items]
Period before rights can be exercised	10 days
Percentage of outstanding common stock ownership required to qualify for an "Acquiring Person"	20.00%
Offering period	60 days
Percentage of an ownership of common stock by an Acquiring Person before board of directors may extinguish right	50.00%
Percentage of adjustment to exercise price	1.00%
Rights Agreement [Member] | Series A Junior Participating Preferred Stock [Member]
Class of Warrant or Right [Line Items]
Common share equivalent for each preferred share portion (in shares) | shares	1
Quarterly dividends payments per share (in dollars per share)	$ 0.01
Amount entitled to receive per share upon liquidation of preferred share (in dollars per share)	$ 1
2015 Plan [Member]
Class of Warrant or Right [Line Items]
Rights expiration date	Apr. 9, 2018

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	4 Months Ended	5 Months Ended	12 Months Ended
	Jan. 26, 2018	Apr. 27, 2018	Dec. 31, 2017	Aug. 03, 2018
Income Taxes [Abstract]
Provisional tax benefit for re-measurement of long-term deferred tax liabilities	$ 27,032
Provisional tax benefit for re-measurement of short-term deferred tax liabilities	$ 2,500
Income Tax Disclosure [Line Items]
Federal corporate tax rate		21.00%	35.00%
Plan [Member]
Income Tax Disclosure [Line Items]
Federal corporate tax rate				26.90%

Net Income Per Share and Weig43

Net Income Per Share and Weighted Average Shares (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 27, 2018	Apr. 28, 2017	Apr. 27, 2018	Apr. 28, 2017
Net Income Per Share and Weighted Average Shares [Abstract]
Net income per share numerator	$ 48,747	$ 46,924	$ 186,266	$ 148,006
Net income per share denominator [Abstract]
Weighted average shares (in shares)	24,003,611	24,042,573	24,013,435	24,028,175
Add potential dilution [Abstract]
Stock options, nonvested stock awards and MSU Grants (in shares)	62,172	78,630	62,399	83,578
Diluted weighted average shares (in shares)	24,065,783	24,121,203	24,075,834	24,111,753

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Apr. 27, 2018USD ($)Property
Standby Letters of Credit [Member] | Revolving Credit Facility [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding | $	$ 9,455
Lease Performance Guarantee [Member]
Loss Contingencies [Line Items]
Number of properties for which the company is secondarily liable for lease payments | Property	2