Cracker Barrel Old Country Store (CBRL) 10-Q 26 Nov 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 01, 2019	Nov. 19, 2019
Cover [Abstract]
Entity Registrant Name	Cracker Barrel Old Country Store, Inc.
Entity Central Index Key	0001067294
Current Fiscal Year End Date	--08-02
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		23,980,825
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 1, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-25225
Entity Tax Identification Number	62-0812904
Entity Incorporation, State or Country Code	TN
Entity Address, Address Line One	305 Hartmann Drive
Entity Address, City or Town	Lebanon
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37087-4779
City Area Code	615
Local Phone Number	444-5533
Title of 12(b) Security	Common Stock (Par Value $0.01)
Trading Symbol	CBRL
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Current Assets:
Cash and cash equivalents	$ 43,209	$ 36,884	[1]
Accounts receivable	22,104	22,757	[1]
Income taxes receivable	11,366	9,449	[1]
Inventories	188,719	154,958	[1]
Prepaid expenses and other current assets	28,015	18,332	[1]
Total current assets	293,413	242,380	[1]
Property and equipment	2,341,135	2,312,815	[1]
Less: Accumulated depreciation and amortization	1,163,166	1,143,850	[1]
Property and equipment - net	1,177,969	1,168,965	[1]
Operating lease right-of-use assets, net	473,488	0	[1]
Investment in unconsolidated subsidiary	83,120	89,100	[1]
Goodwill	6,364	0
Other assets	103,533	80,780	[1]
Total assets	2,137,887	1,581,225	[1]
Current Liabilities:
Accounts payable	145,945	132,221	[1]
Current operating lease liabilities	50,684	0	[1]
Other current liabilities	246,028	260,253	[1]
Total current liabilities	442,657	392,474	[1]
Long-term debt	485,000	400,000	[1]
Long-term operating lease liabilities	467,085	0	[1]
Long-term interest rate swap liability	11,098	10,483	[1]
Other long-term obligations	70,079	129,439	[1]
Deferred income taxes	56,184	44,119	[1]
Commitments and Contingencies (Note 13)			[1]
Shareholders' Equity:
Preferred stock - 100,000,000 shares of $0.01 par value authorized; 300,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued	0	0	[1]
Common stock - 400,000,000 shares of $0.01 par value authorized; 23,975,958 shares issued and outstanding at November 1, 2019, and 24,049,240 shares issued and outstanding at August 2, 2019	240	241	[1]
Additional paid-in capital	35,349	49,732	[1]
Accumulated other comprehensive loss	(7,351)	(6,913)	[1]
Retained earnings	577,546	561,650	[1]
Total shareholders' equity	605,784	604,710	[1]
Total liabilities and shareholders' equity	$ 2,137,887	$ 1,581,225	[1]
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Nov. 01, 2019	Aug. 02, 2019
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)	23,975,958	24,049,240
Common stock, shares outstanding (in shares)	23,975,958	24,049,240
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
	Nov. 01, 2019	Nov. 02, 2018
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]
Total revenue	$ 749,040	$ 733,543
Cost of goods sold (exclusive of depreciation and rent)	219,814	222,293
Labor and other related expenses	263,314	258,159
Other store operating expenses	162,908	152,478
Store operating income	103,004	100,613
General and administrative expenses	39,631	38,935
Operating income	63,373	61,678
Interest expense, net	3,580	4,349
Income before income taxes	59,793	57,329
Provision for income taxes	10,590	10,122
Loss from unconsolidated subsidiary	(5,980)	0
Net income	$ 43,223	$ 47,207
Net income per share:
Basic (in dollars per share)	$ 1.80	$ 1.97
Diluted (in dollars per share)	$ 1.79	$ 1.96
Weighted average shares:
Basic (in shares)	24,038,354	24,022,586
Diluted (in shares)	24,103,922	24,073,722

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 01, 2019	Nov. 02, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 43,223	$ 47,207
Other comprehensive income (loss) before income tax expense:
Change in fair value of interest rate swaps	(545)	1,699
Income tax expense (benefit)	(107)	406
Other comprehensive income (loss), net of tax	(438)	1,293
Comprehensive income	$ 42,785	$ 48,500

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Aug. 03, 2018	$ 240	$ 44,049	$ 4,685	$ 532,807	$ 581,781
Balance (in shares) at Aug. 03, 2018	24,011,550
Comprehensive Income:
Net income	$ 0	0	0	47,207	47,207
Other comprehensive income (loss), net of tax	0	0	1,293	0	1,293
Comprehensive income	0	0	1,293	47,207	48,500
Cash dividends declared	0	0	0	(30,176)	(30,176)
Share-based compensation	0	2,089	0	0	2,089
Issuance of share-based compensation awards, net of shares withheld for employee taxes	$ 0	(2,016)	0	0	(2,016)
Issuance of share-based compensation awards, net of shares withheld for employee taxes (in shares)	22,825
Balance at Nov. 02, 2018	$ 240	44,122	5,978	549,838	600,178
Balance (in shares) at Nov. 02, 2018	24,034,375
Comprehensive Income:
Cumulative-effect of change in accounting principle	$ 0	0	0	4,125	4,125
Balance at Aug. 02, 2019	$ 241	49,732	(6,913)	561,650	$ 604,710	[1]
Balance (in shares) at Aug. 02, 2019	24,049,240				24,049,240
Comprehensive Income:
Net income	$ 0	0	0	43,223	$ 43,223
Other comprehensive income (loss), net of tax	0	0	(438)	0	(438)
Comprehensive income	0	0	(438)	43,223	42,785
Cash dividends declared	0	0	0	(31,452)	(31,452)
Share-based compensation	0	1,798	0	0	1,798
Issuance of share-based compensation awards, net of shares withheld for employee taxes	$ 0	(1,994)	0	0	(1,994)
Issuance of share-based compensation awards, net of shares withheld for employee taxes (in shares)	18,466
Purchases and retirement of common stock	$ (1)	(14,187)	0	0	(14,188)
Purchases and retirement of common stock (in shares)	(91,748)
Balance at Nov. 01, 2019	$ 240	$ 35,349	$ (7,351)	$ 577,546	$ 605,784
Balance (in shares) at Nov. 01, 2019	23,975,958				23,975,958
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Nov. 01, 2019	Nov. 02, 2018
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividends declared (in dollars per share)	$ 1.30	$ 1.25

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) $ in Thousands	3 Months Ended
	Nov. 01, 2019USD ($)		Nov. 02, 2018USD ($)
Cash flows from operating activities:
Net income	$ 43,223		$ 47,207
Net loss from unconsolidated subsidiary	5,980		0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,678		24,838
Loss on disposition of property and equipment	1,740		3,056
Impairment	664		0
Share-based compensation	1,798		2,089
Noncash lease expense	15,330		0
Changes in assets and liabilities:
Inventories	(33,534)		(25,316)
Other current assets	(10,875)		(6,691)
Accounts payable	11,848		8,824
Other current liabilities	(18,000)		3,633
Other long-term assets and liabilities	(2,017)		1,987
Net cash provided by operating activities	44,835		59,627
Cash flows from investing activities:
Purchase of property and equipment	(27,901)		(37,070)
Proceeds from insurance recoveries of property and equipment	73		324
Proceeds from sale of property and equipment	1,534		80
Notes receivable from unconsolidated subsidiary	(16,000)		0
Acquisition of business, net of cash acquired	(32,971)		0
Net cash used in investing activities	(75,265)		(36,666)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	129,000		400,000
Taxes withheld from issuance of share-based compensation awards	(1,994)		(2,016)
Principal payments under long-term debt	(44,000)		(400,000)
Purchases and retirement of common stock	(14,188)		0
Deferred financing costs	0		(3,022)
Dividends on common stock	(32,063)		(30,948)
Net cash provided by (used in) financing activities	36,755		(35,986)
Net increase (decrease) in cash and cash equivalents	6,325		(13,025)
Cash and cash equivalents, beginning of period	36,884		114,656
Cash and cash equivalents, end of period	43,209		101,631
Cash paid during the period for:
Interest, net of amounts capitalized	4,174		2,570
Income taxes	167		219
Supplemental schedule of non-cash investing and financing activities:
Capital expenditures accrued in accounts payable	4,866	[1]	10,075	[1]
Change in fair value of interest rate swaps	(545)	[1]	1,699	[1]
Change in deferred tax asset for interest rate swaps	107	[1]	(406)	[1]
Dividends declared but not yet paid	$ 32,248	[1]	$ 31,010	[1]
[1]	*See Note 11 for additional supplemental disclosures related to leases

Condensed Consolidated Financia

Condensed Consolidated Financial Statements	3 Months Ended
	Nov. 01, 2019
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 accompanying condensed consolidated financial statements 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 August 2, 2019 (the “2019 Form 10-K”). The accounting policies used in preparing these condensed consolidated financial statements are the same as described in the 2019 Form 10-K except for the newly adopted accounting guidance for leases discussed in Note 11. 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 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 Company adopted this accounting guidance as of August 3, 2019, using the modified retrospective approach. Under this approach, existing leases were recorded at the adoption date rather than the beginning of the earliest comparative period presented. This approach allows for a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, and prior periods are not restated. The Company elected the transition package of practical expedients permitted under this guidance, which among other things, allows the carryforward of historical lease classifications. The Company elected to not separate lease and non-lease components for all classes of leased assets. Additionally, the Company elected to apply the short-term lease exemption to all asset classes. The Company chose not to elect the hindsight practical expedient. Adoption of the accounting guidance for leases resulted in the recognition of right-of-use operating lease assets of $ and total operating lease liabilities of $ as of August 3, 2019. The cumulative-effect of applying the accounting guidance for leases resulted in an adjustment to retained earnings of $ at August 3, 2019, related to the elimination of the deferred gains on the Company’s sale-leaseback transactions from 2000 and 2009. See Note 11 for additional information regarding leases. 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. 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 adoption of this accounting guidance in the first quarter of 2020 did not have a significant impact on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative-effect adjustment to the opening balance of retained earnings. 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 resulting from the Tax Act. This accounting guidance was effective for the Company in the first quarter of 2020. The Company did not elect this reclassification option. As a result, this accounting guidance had no impact on the Company’s consolidated financial position or results of operations. Share-Based Payment Arrangements With Nonemployees In June 2018, the FASB issued accounting guidance in order to simplify accounting for share-based payments granted to nonemployees for goods and services. This new guidance aligns most of the accounting requirements for share-based payments granted to nonemployees with the existing guidance for share-based payments granted to employees. The adoption of this accounting guidance in the first quarter of 2020 had no impact on the Company’s consolidated financial position or results of operations.

Acquisition

Acquisition	3 Months Ended
	Nov. 01, 2019
Acquisition [Abstract]
Acquisition	2. Acquisition The Company accounts for all transactions that represent business combinations using the acquisition method of accounting, where the identifiable assets acquired and the liabilities assumed are recognized and measured at their fair values on the date the Company obtains control in the acquiree. Such fair values that are not finalized for reporting periods following the acquisition date are estimated and recorded as estimated amounts. Adjustments to these estimated amounts during the measurement period (defined as the date through which all information required to identify and measure the consideration transferred, the assets acquired and the liabilities assumed has been obtained, limited to one year from the acquisition date) are recorded when identified. Goodwill is determined as the excess of the fair value of the consideration conveyed in the acquisition over the fair value of the net assets acquired. Goodwill and other intangibles will be evaluated for impairment annually during each fourth quarter period and when an event occurs or circumstances change that, more likely than not, reduce the fair value of the reporting unit below its carrying value. Effective October 10, 2019, the Company acquired ownership of Maple Street Biscuit Company (“MSBC”), a breakfast and lunch fast casual concept, for a purchase price of $ , of which $ was paid to the sellers in cash with the remaining $ being held as security for the satisfaction of indemnification obligations. The unused portion The Company believes that this investment supports its strategic initiative to extend the brand by becoming a market leader in the breakfast and lunch-focused fast casual dining segment of the restaurant industry and by providing a platform for growth. At November 1, 2019, MSBC had 28 company-owned and five franchised fast casual locations across seven states. The goodwill of $6,364 arising from the acquisition consists largely of the Company’s determination of the value of MSBC’s future free cash flows less the value of the identifiable tangible and intangible assets and liabilities. None of the goodwill recognized is expected to be deductible for income tax purposes. Acquisition-related costs of $1,269 were recorded in general and administrative expenses in the condensed consolidated statement of income. The following table summarizes the consideration paid for MSBC and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: Fair value of total consideration transferred $ 36,000 Recognized amounts of identifiable assets acquired and liabilities assumed Financial assets $ 96 Property and equipment 13,580 Operating lease right-of-use assets, net 14,280 Indefinite-lived intangible asset* 19,460 Other current and noncurrent assets 394 Financial liabilities (1,876 ) Operating lease liabilities (15,973 ) Other noncurrent liabilities (325 ) Total identifiable net assets 29,636 Goodwill $ 6,364 *Consists entirely of MSBC's Tradename All amounts recorded during the quarter ended November 1, 2019 related to the assets acquired, liabilities assumed and goodwill are provisional due to the acquisition of MSBC occurring approximately three weeks The amounts of MSBC’s revenue and earnings included in the Company’s condensed consolidated statement of income for the quarter ended November 1, 2019, and the consolidated revenue and earnings had the acquisition date occurred on August 2, 2018, are as follows: Revenue Earnings Actual from acquisition date of October 10, 2019 to the quarter ended November 1, 2019 $ 1,208 $ 58 Supplemental pro forma for the quarter ended November 1, 2019 752,891 43,017 Supplemental pro forma for the quarter ended November 2, 2018 738,222 46,876

Equity Method Investment

Equity Method Investment	3 Months Ended
	Nov. 01, 2019
Equity Method Investment [Abstract]
Equity Method Investment	3. Equity Method Investment Effective July 18, 2019, the Company purchased approximately 58.6% of the economic ownership interest, and approximately 49.7% of the voting interest, in PBS HoldCo, LLC (“PBS HC”). PBS HC and its subsidiaries develop, own, and operate food, beverage and entertainment establishments under the name of Punch Bowl Social (“PBS”). The Company does not have the power to unilaterally direct any activities of PBS HC, a variable interest entity, that most significantly impact PBS HC’s economic performance. As a result, the Company’s investment in PBS HC, for which it has the ability to exercise significant influence, but not control and is not the primary beneficiary, is accounted for using the equity method. Accordingly, the Company recognizes its proportionate share of the reported earnings or losses of PBS HC adjusted for basis differences on its consolidated statement of income and as an adjustment to the Company’s investment in unconsolidated subsidiary on the consolidated balance sheet. The Company will assess the impairment of its equity investment whenever events or changes in circumstances indicate that a decrease in value of the investment has occurred that is other than temporary. The Company’s investment in PBS HC was $83,120 and $89,100, respectively at November 1, 2019 and August 2, 2019, and is recorded on the Company’s condensed consolidated balance sheet as investment in unconsolidated subsidiary. Additionally, as part of the purchase transaction, the Company purchased promissory notes of $6,900 along with the related interest on the notes and provided additional funding of $8,000 to PBS HC in exchange for a promissory note. As part of the purchase agreement with PBS HC, the Company agreed to fund PBS HC up to $51,000 through calendar 2020, of which the Company has funded $28,500 and $12,500, respectively, as of November 1, 2019 and August 2, 2019. The related promissory notes are included in other assets on the condensed consolidated balance sheet. The Company’s exposure to risk of loss in PBS HC is generally limited to its investment in the ownership interest and its receivable related to the promissory notes.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 01, 2019
Fair Value Measurements [Abstract]
Fair Value Measurements	4. Fair Value Measurements The Company’s assets and liabilities measured at fair value on a recurring basis at November 1, 2019 were as follows: Level 1 Level 2 Level 3 Total Fair Value Cash equivalents* $ 10,046 $ — $ — $ 10,046 Interest rate swap asset (see Note 7) — 189 — 189 Total $ 10,046 $ 189 $ — $ 10,235 Deferred compensation plan assets** 31,765 Total assets at fair value $ 42,000 Interest rate swap liability (see Note 7) $ — $ 11,098 $ — $ 11,098 Total liabilities at fair value $ — $ 11,098 $ — $ 11,098 The Company’s assets and liabilities measured at fair value on a recurring basis at August 2, 2019 were as follows: Level 1 Level 2 Level 3 Total Fair Value Cash equivalents* $ 46 $ — $ — $ 46 Interest rate swap asset (see Note 7) — — — — Total $ 46 $ — $ — $ 46 Deferred compensation plan assets** 30,593 Total assets at fair value $ 30,639 Interest rate swap liability (see Note 7) $ — $ 10,483 $ — $ 10,483 Total liabilities at fair value $ — $ 10,483 $ — $ 10,483 *Consists of money market fund investments. **Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s The Company’s money market fund investments 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 Company’s deferred compensation plan assets are measured based on net asset value per share as a practical expedient to estimate fair value. 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 November 1, 2019 and August 2, 2019. Assets Measured at Fair Value on a Nonrecurring Basis As part of the Company’s acquisition of MSBC effective October the Company recorded MSBC’s property and equipment and the MSBC tradename at fair value. The remaining identifiable assets and liabilities acquired were recorded at carrying value, which approximated their fair value at October Additionally, goodwill was recorded as the excess of fair value of the consideration conveyed in the acquisition over the fair value of the net assets acquired. The fair value of MSBC’s property and equipment, tradename and the related goodwill are considered Level inputs. The valuation method used by the Company depends on the type of asset and the availability of data. The Company’s assets measured at fair value on a nonrecurring basis as of October 10, 2019 were as follows: Level Level Level Total Fair Value Property and equipment $ — $ — $ 13,580 $ 13,580 Tradename* — — 19,460 19,460 Goodwill — — 6,364 6,364 Total $ — $ — $ 39,404 $ 39,404 *Included in the Condensed Consolidated Balance Sheets as other assets. As noted in Note above, the amounts recorded for these assets are estimated. See Note for further information in regards to the determination of goodwill. The fair value of the property and equipment was determined by using the cost approach. Assumptions used in the cost method included estimates of replacement costs for similar property and equipment. Replacement cost was estimated to be approximately per MSBC store. The fair value of MSBC’s tradename was determined by using the present value of estimated cash flows from comparable industry royalty rates for MSBC’s estimated future revenue streams. Assumptions used under this approach included an approximate 2.5% royalty rate and a discount rate of 12.0%.

Inventories

Inventories	3 Months Ended
	Nov. 01, 2019
Inventories [Abstract]
Inventories	5. Inventories Inventories were comprised of the following at: November 1, 2019 August 2, 2019 Retail $ 145,273 $ 116,990 Restaurant 25,168 20,648 Supplies 18,278 17,320 Total $ 188,719 $ 154,958

Debt

Debt	3 Months Ended
	Nov. 01, 2019
Debt [Abstract]
Debt	6. Debt On September 5, 2018, the Company entered into a five-year $950,000 revolving credit facility (“2019 Revolving Credit Facility”). The 2019 Revolving Credit Facility also contains an option to increase the revolving credit facility by $300,000. At November 1, 2019 and August 2, 2019, the Company had $485,000 and $400,000, respectively, of outstanding borrowings under the 2019 Revolving Credit Facility. At November 1, 2019, the Company had $6,879 of standby letters of credit, which reduce the Company’s borrowing availability under the 2019 Revolving Credit Facility (see Note 13 for more information on the Company’s standby letters of credit). At November 1, 2019, the Company had $458,121 in borrowing availability under the 2019 Revolving Credit Facility. In accordance with the 2019 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 2019 Revolving Credit Facility. At November 1, 2019, $350,000 of the Company’s outstanding borrowings were swapped at a weighted average interest rate of 3.49% (see Note 7 for information on the Company’s interest rate swaps). At November 1, 2019, the weighted average interest rate on the remaining $135,000 of the Company’s outstanding borrowings was 3.11%. The 2019 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 November 1, 2019, the Company was in compliance with all financial covenants. The 2019 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 2019 Revolving Credit Facility, provided there is no default existing and the total of the Company’s availability under the 2019 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	3 Months Ended
	Nov. 01, 2019
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	7. Derivative Instruments and Hedging Activities The Company has interest rate risk relative to its outstanding borrowings (see Note 6 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 November 1, 2019 was 1.00%. All of the Company’s interest rate swaps are accounted for as cash flow hedges. For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period during which the hedged transaction affects earnings and is presented in the same statement of income line item as the earnings effect of the hedged item. Gains and losses on the derivative instrument representing hedge components excluded from the assessment of effectiveness, if any, will be recognized currently in earnings in the same statement of income line item as the earnings effect of the hedged item. 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 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. A summary of the Company’s interest rate swaps at November 1, 2019 is as follows: Trade Date Effective Date Term (in Years) Notional Amount Fixed Rate January 30, 2015 May 3, 2019 2.0 $ 60,000 2.16 % January 30, 2015 May 4, 2021 3.0 120,000 2.41 % January 30, 2015 May 3, 2019 2.0 60,000 2.15 % January 30, 2015 May 4, 2021 3.0 80,000 2.40 % January 16, 2019 May 3, 2019 3.0 115,000 2.63 % January 16, 2019 May 3, 2019 2.0 115,000 2.68 % August 6, 2019 November 4, 2019 1.5 50,000 1.50 % August 7, 2019 May 3, 2021 1.0 35,000 1.32 % August 7, 2019 May 3, 2022 2.0 100,000 1.40 % August 7, 2019 May 3, 2022 2.0 100,000 1.36 % The estimated fair values of the Company’s derivative instruments as of November 1, 2019 and August 2, 2019 were as follows: (See Note 4) Balance Sheet Location November 1, 2019 August 2, 2019 Interest rate swaps Other assets $ 189 $ — Total assets $ 189 $ — Interest rate swaps Long-term interest rate swap liability $ 11,098 $ 10,483 Total liabilities $ 11,098 $ 10,483 The following table summarizes the offsetting of the Company’s derivative assets in the Condensed Consolidated Balance Sheets at November 1, 2019 and August 2, 2019 : Gross Asset Amounts Liability Amount Offset Net Asset Amount Presented in the Balance Sheets (See Note 4) November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 Interest rate swaps $ 189 $ — $ — $ — $ 189 $ — The following table summarizes the offsetting of the Company’s derivative liabilities in the Condensed Consolidated Balance Sheets at November 1, 2019 and August 2, 2019 : Gross Liability Amounts Asset Amount Offset Net Liability Amount Presented in the Balance Sheets (See Note 4) November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 Interest rate swaps $ 11,241 $ 10,483 $ (143 ) $ — $ 11,098 $ 10,483 The estimated fair value of the Company’s interest rate swap assets and liabilities incorporate the Company’s non-performance risk (see Note 4). The adjustment related to the Company’s non-performance risk at November 1, 2019 and August 2, 2019 resulted in reductions of $297 and $399, respectively, in the fair value of the interest rate swap assets and liabilities. The offset to the interest rate swap assets and liabilities are recorded in accumulated other comprehensive loss (“AOCL”), net of the deferred tax asset, and will be reclassified into earnings over the term of the underlying debt. As of November 1, 2019, the estimated pre-tax portion of AOCL that is expected to be reclassified into earnings over the next twelve months is $1,176. Cash flows related to the interest rate swaps are included in interest expense in the Condensed Consolidated Statements of Income and in operating activities in the Condensed Consolidated Statements of Cash Flows. The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCL for the three months ended November 1, 2019 and the year ended August 2, 2019 : Amount of Loss Recognized in AOCL on Derivatives Three Months Ended November 1, 2019 Year Ended August 2, 2019 Cash flow hedges: Interest rate swaps $ (545 ) $ (15,466 ) The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters ended November 1, 2019 and November 2, 2018: Location of Gain Reclassified from AOCL into Income Amount of Gain Reclassified from AOCL into Income Quarter Ended November 1, 2019 November 2, 2018 Cash flow hedges: Interest rate swaps Interest expense $ (82) $ — The following table summarizes the amounts reclassified out of AOCL related to the Company’s interest rate swaps for the quarter ended November 1, 2019 : Details about AOCL Amount Reclassified from AOCL Affected Line Item in the Condensed Consolidated Statement of Income Gain on cash flow hedges: Interest rate swaps $ 82 Interest expense Tax expense (20 ) Provision for income taxes $ 62 Net of tax No gains or losses representing amounts excluded from the assessment of effectiveness were recognized in earnings for the -month period ended November The following table summarizes the changes in AOCL, net of tax, related to the Company’s interest rate swaps for the three months ended November 1, 2019 : Changes in AOCL AOCL balance at August 2, 2019 $ (6,913 ) Other comprehensive income before reclassifications (500 ) Amounts reclassified from AOCL 62 Other comprehensive income, net of tax (438 ) AOCL balance at November 1, 2019 $ (7,351 )

Seasonality

Seasonality	3 Months Ended
	Nov. 01, 2019
Seasonality [Abstract]
Seasonality	8. 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	3 Months Ended
	Nov. 01, 2019
Segment Information [Abstract]
Segment Information	9. 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.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Nov. 01, 2019
Revenue Recognition [Abstract]
Revenue Recognition	10. Revenue Recognition Revenue consists primarily of sales from restaurant and retail operations. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a restaurant guest, retail customer or other customer. The Company’s policy is to present sales in the Condensed Consolidated Statements of Income on a net presentation basis after deducting sales tax. Disaggregation of revenue Total revenue was comprised of the following for the specified periods: Quarter Ended November 1, 2019 November 2, 2018 Revenue: Restaurant $ 607,079 $ 590,978 Retail 141,961 142,565 Total revenue $ 749,040 $ 733,543 Restaurant Revenue The Company recognizes revenues from restaurant sales when payment is tendered at the point of sale, as the Company’s performance obligation to provide food and beverages is satisfied. Retail Revenue The Company recognizes revenues from retail sales when payment is tendered at the point of sale, as the Company’s performance obligation to provide merchandise is satisfied. Ecommerce sales, including shipping revenue, are recorded upon delivery to the customer. Additionally, estimated sales returns are calculated based on return history and sales levels. Gift Card Breakage Included in restaurant and retail revenue is gift card breakage. Customer purchases of gift cards, to be utilized at the Company's stores, are not recognized as sales until the card is redeemed and the customer purchases food and/or merchandise. Gift cards do not carry an expiration date; therefore, customers can redeem their gift cards indefinitely. A certain number of gift cards will not be fully redeemed. Management estimates unredeemed balances and recognizes gift card breakage revenue for these amounts in the Company's Condensed Consolidated Statements of Income over the expected redemption period. Gift card breakage is recognized when the likelihood of a gift card being redeemed by the customer is remote and the Company determines that there is not a legal obligation to remit the unredeemed gift card balance to the relevant jurisdiction. The determination of the gift card breakage rate is based upon the Company’s specific historical redemption patterns. The Company recognizes gift card breakage by applying its estimate of the rate of gift card breakage over the period of estimated redemption. For the quarter ended November 1, 2019, gift card breakage was $1,238. For the quarter ended November 2, 2018, gift card breakage was $1,341. Deferred revenue related to the Company’s gift cards was $76,147 and $80,073, respectively, at November 1, 2019 and August 2, 2019. Revenue recognized in the Condensed Consolidated Statements of Income for the quarters ended November 1, 2019 and November 2, 2018, respectively, for the redemption of gift cards which were included in the deferred revenue balance at the beginning of the fiscal year was $17,947 and $18,139.

Leases

Leases	3 Months Ended
	Nov. 01, 2019
Leases [Abstract]
Leases	11. Leases The Company has ground leases for its leased stores and office space leases that are recorded as operating leases under various non-cancellable operating leases. The Company also leases advertising billboards, vehicle fleets, and certain equipment under various non-cancellable operating leases. Additionally, the Company also completed sale-leaseback transactions in 2000 and 2009. In 2009, the Company completed sale-leaseback transactions involving 15 of its owned stores and its retail distribution center. Under the transactions, the land, buildings and improvements at the locations were sold and leased back for terms of 20 and 15 years, respectively. Equipment was not included. The leases include specified renewal options for up to 20 additional years. In 2000, the Company completed a sale-leaseback transaction involving 65 of its owned stores. Under the transaction, the land, buildings and building improvements at the locations were sold and leased back for a term of 21 years. The leases for these stores include specified renewal options for up to 20 additional years and certain financial covenants which include maintenance of a minimum fixed charge coverage for the leased stores. At November 1, 2019 and August 2, 2019, the Company was in compliance with these covenants. To determine whether a contract is or contains a lease, the Company determines at contract inception whether it contains the right to control the use of an identified asset for a period of time in exchange for consideration. If the contract has the right to obtain substantially all of the economic benefit from use of the identified asset and the right to direct the use of the identified asset, the Company recognizes a right-of-use asset and lease liability. The Company’s leases all have varying terms and expire at various dates through 2055. Restaurant leases typically have base terms of ten years with four to five optional renewal periods of five years each. The Company uses a lease life that generally begins on the commencement date, including the rent holiday periods, and generally extends through certain renewal periods that can be exercised at the Company’s option. The Company has included lease renewal options in the lease term for calculations of the right-of-use asset and liability for which at the commencement of the lease it is reasonably certain that the Company will exercise those renewal options. Additionally, some of the leases have contingent rent provisions and others require adjustments for inflation or index. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company has entered into agreements for real estate leases that are not recorded as right-of-use assets or lease liabilities as we have not yet taken possession. These leases are expected to commence in the third quarter of 2020 and in 2021 with undiscounted future payments of $17,300. As further discussed in Note 1 under the lease discussion in the “Recent Accounting Standards Adopted” section, the Company has elected to not separate lease and non-lease components. Additionally, the Company has elected to apply the short term lease exemption to all asset classes and the short term lease expense for the period reasonably reflects the short term lease commitments. As the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate based on the information available at the time of commencement or modification date in determining the present value of lease payments. For operating leases that commenced prior to the date of adoption of the new lease accounting guidance, we used the incremental borrowing rate as of the adoption date. Assumptions used in determining the Company’s incremental borrowing rate include the Company’s implied credit rating and an estimate of secured borrowing rates based on comparable market data. The following table summarizes the components of lease cost for operating leases for the quarter ended November 1, 2019: Operating lease cost $ 19,856 Short term lease cost 384 Variable lease cost 451 Total lease cost $ 20,691 The following table summarizes supplemental cash flow information and non-cash activity related to the Company’s operating leases for the three months ended November 1, 2019: Operating cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 19,546 Noncash information: Right-of-use assets obtained in exchange for new operating lease liabilities 3,838 Lease modifications granting additional right-of-use assets 6,826 Lease modifications removing right-of-use assets (649 ) The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of November 1, 2019: Weighted-average remaining lease term 18.11 Years Weighted-average discount rate 3.85 % The following table summarizes the maturities of undiscounted cash flows reconciled to the total lease liability as of November 1, 2019: Year Total Remainder of 2020 $ 58,082 2021 46,975 2022 40,480 2023 36,676 2024 36,530 Thereafter 532,648 Total future minimum lease payments 751,391 Less imputed remaining interest (233,622 ) Total present value of operating lease liabilities $ 517,769 The following table summarizes the maturities of lease commitments as of August 2, 2019, prior to the adoption of the new lease guidance, as previously disclosed in our 2019 Form 10-K: Year Total 2020 $ 69,249 2021 40,962 2022 36,280 2023 33,639 2024 34,020 Thereafter 515,169 Total $ 729,319

Net Income Per Share and Weight

Net Income Per Share and Weighted Average Shares	3 Months Ended
	Nov. 01, 2019
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 nonvested stock awards and units issued by the Company are calculated using the treasury stock method. The outstanding nonvested stock awards and units, 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 November 1, 2019 November 2, 2018 Net income per share numerator $ 43,223 $ 47,207 Net income per share denominator: Weighted average shares 24,038,354 24,022,586 Add potential dilution: Nonvested stock awards and units 65,568 51,136 Diluted weighted average shares 24,103,922 24,073,722

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 01, 2019
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 contingencies will not materially affect the Company’s financial statements. 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 November 1, 2019, the Company had $6,879 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 2019 Revolving Credit Facility (see Note 6). At November 1, 2019, 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 November 1, 2019.

Condensed Consolidated Financ_2

Condensed Consolidated Financial Statements (Policies)	3 Months Ended
	Nov. 01, 2019
Condensed Consolidated Financial Statements [Abstract]
Recent Accounting Pronouncements Adopted	Recent Accounting Pronouncements Adopted 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 Company adopted this accounting guidance as of August 3, 2019, using the modified retrospective approach. Under this approach, existing leases were recorded at the adoption date rather than the beginning of the earliest comparative period presented. This approach allows for a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, and prior periods are not restated. The Company elected the transition package of practical expedients permitted under this guidance, which among other things, allows the carryforward of historical lease classifications. The Company elected to not separate lease and non-lease components for all classes of leased assets. Additionally, the Company elected to apply the short-term lease exemption to all asset classes. The Company chose not to elect the hindsight practical expedient. Adoption of the accounting guidance for leases resulted in the recognition of right-of-use operating lease assets of $ and total operating lease liabilities of $ as of August 3, 2019. The cumulative-effect of applying the accounting guidance for leases resulted in an adjustment to retained earnings of $ at August 3, 2019, related to the elimination of the deferred gains on the Company’s sale-leaseback transactions from 2000 and 2009. See Note 11 for additional information regarding leases. 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. 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 adoption of this accounting guidance in the first quarter of 2020 did not have a significant impact on the Company’s consolidated financial position or results of operations, and the Company did not record a cumulative-effect adjustment to the opening balance of retained earnings. 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 resulting from the Tax Act. This accounting guidance was effective for the Company in the first quarter of 2020. The Company did not elect this reclassification option. As a result, this accounting guidance had no impact on the Company’s consolidated financial position or results of operations. Share-Based Payment Arrangements With Nonemployees In June 2018, the FASB issued accounting guidance in order to simplify accounting for share-based payments granted to nonemployees for goods and services. This new guidance aligns most of the accounting requirements for share-based payments granted to nonemployees with the existing guidance for share-based payments granted to employees. The adoption of this accounting guidance in the first quarter of 2020 had no impact on the Company’s consolidated financial position or results of operations.

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Nov. 01, 2019
Acquisition [Abstract]
Considerations Paid and Assets Acquired and Liabilities Assumed	The following table summarizes the consideration paid for MSBC and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: Fair value of total consideration transferred $ 36,000 Recognized amounts of identifiable assets acquired and liabilities assumed Financial assets $ 96 Property and equipment 13,580 Operating lease right-of-use assets, net 14,280 Indefinite-lived intangible asset* 19,460 Other current and noncurrent assets 394 Financial liabilities (1,876 ) Operating lease liabilities (15,973 ) Other noncurrent liabilities (325 ) Total identifiable net assets 29,636 Goodwill $ 6,364 *Consists entirely of MSBC's Tradename
Pro Forma Information	The amounts of MSBC’s revenue and earnings included in the Company’s condensed consolidated statement of income for the quarter ended November 1, 2019, and the consolidated revenue and earnings had the acquisition date occurred on August 2, 2018, are as follows: Revenue Earnings Actual from acquisition date of October 10, 2019 to the quarter ended November 1, 2019 $ 1,208 $ 58 Supplemental pro forma for the quarter ended November 1, 2019 752,891 43,017 Supplemental pro forma for the quarter ended November 2, 2018 738,222 46,876

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 01, 2019
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 November 1, 2019 were as follows: Level 1 Level 2 Level 3 Total Fair Value Cash equivalents* $ 10,046 $ — $ — $ 10,046 Interest rate swap asset (see Note 7) — 189 — 189 Total $ 10,046 $ 189 $ — $ 10,235 Deferred compensation plan assets** 31,765 Total assets at fair value $ 42,000 Interest rate swap liability (see Note 7) $ — $ 11,098 $ — $ 11,098 Total liabilities at fair value $ — $ 11,098 $ — $ 11,098 The Company’s assets and liabilities measured at fair value on a recurring basis at August 2, 2019 were as follows: Level 1 Level 2 Level 3 Total Fair Value Cash equivalents* $ 46 $ — $ — $ 46 Interest rate swap asset (see Note 7) — — — — Total $ 46 $ — $ — $ 46 Deferred compensation plan assets** 30,593 Total assets at fair value $ 30,639 Interest rate swap liability (see Note 7) $ — $ 10,483 $ — $ 10,483 Total liabilities at fair value $ — $ 10,483 $ — $ 10,483 *Consists of money market fund investments. **Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s
Assets Measured at Fair Value on a Nonrecurring Basis	The Company’s assets measured at fair value on a nonrecurring basis as of October 10, 2019 were as follows: Level Level Level Total Fair Value Property and equipment $ — $ — $ 13,580 $ 13,580 Tradename* — — 19,460 19,460 Goodwill — — 6,364 6,364 Total $ — $ — $ 39,404 $ 39,404 *Included in the Condensed Consolidated Balance Sheets as other assets.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 01, 2019
Inventories [Abstract]
Inventories	Inventories were comprised of the following at: November 1, 2019 August 2, 2019 Retail $ 145,273 $ 116,990 Restaurant 25,168 20,648 Supplies 18,278 17,320 Total $ 188,719 $ 154,958

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Nov. 01, 2019
Derivative Instruments and Hedging Activities [Abstract]
Interest Rate Swaps	A summary of the Company’s interest rate swaps at November 1, 2019 is as follows: Trade Date Effective Date Term (in Years) Notional Amount Fixed Rate January 30, 2015 May 3, 2019 2.0 $ 60,000 2.16 % January 30, 2015 May 4, 2021 3.0 120,000 2.41 % January 30, 2015 May 3, 2019 2.0 60,000 2.15 % January 30, 2015 May 4, 2021 3.0 80,000 2.40 % January 16, 2019 May 3, 2019 3.0 115,000 2.63 % January 16, 2019 May 3, 2019 2.0 115,000 2.68 % August 6, 2019 November 4, 2019 1.5 50,000 1.50 % August 7, 2019 May 3, 2021 1.0 35,000 1.32 % August 7, 2019 May 3, 2022 2.0 100,000 1.40 % August 7, 2019 May 3, 2022 2.0 100,000 1.36 %
Estimated Fair Value of Derivative Instruments	The estimated fair values of the Company’s derivative instruments as of November 1, 2019 and August 2, 2019 were as follows: (See Note 4) Balance Sheet Location November 1, 2019 August 2, 2019 Interest rate swaps Other assets $ 189 $ — Total assets $ 189 $ — Interest rate swaps Long-term interest rate swap liability $ 11,098 $ 10,483 Total liabilities $ 11,098 $ 10,483
Summary of Offsetting of Derivative Assets	The following table summarizes the offsetting of the Company’s derivative assets in the Condensed Consolidated Balance Sheets at November 1, 2019 and August 2, 2019 : Gross Asset Amounts Liability Amount Offset Net Asset Amount Presented in the Balance Sheets (See Note 4) November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 Interest rate swaps $ 189 $ — $ — $ — $ 189 $ —
Summary of Offsetting of Derivative Liabilities	The following table summarizes the offsetting of the Company’s derivative liabilities in the Condensed Consolidated Balance Sheets at November 1, 2019 and August 2, 2019 : Gross Liability Amounts Asset Amount Offset Net Liability Amount Presented in the Balance Sheets (See Note 4) November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 November 1, 2019 August 2, 2019 Interest rate swaps $ 11,241 $ 10,483 $ (143 ) $ — $ 11,098 $ 10,483
Pre-tax Effects of Derivative Instruments on AOCL and Income	The following table summarizes the pre-tax effects of the Company’s derivative instruments on AOCL for the three months ended November 1, 2019 and the year ended August 2, 2019 : Amount of Loss Recognized in AOCL on Derivatives Three Months Ended November 1, 2019 Year Ended August 2, 2019 Cash flow hedges: Interest rate swaps $ (545 ) $ (15,466 ) The following table summarizes the pre-tax effects of the Company’s derivative instruments on income for the quarters ended November 1, 2019 and November 2, 2018: Location of Gain Reclassified from AOCL into Income Amount of Gain Reclassified from AOCL into Income Quarter Ended November 1, 2019 November 2, 2018 Cash flow hedges: Interest rate swaps Interest expense $ (82) $ —
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps	The following table summarizes the amounts reclassified out of AOCL related to the Company’s interest rate swaps for the quarter ended November 1, 2019 : Details about AOCL Amount Reclassified from AOCL Affected Line Item in the Condensed Consolidated Statement of Income Gain on cash flow hedges: Interest rate swaps $ 82 Interest expense Tax expense (20 ) Provision for income taxes $ 62 Net of tax
Changes in AOCL, Net of Tax, Related to Interest Rate Swaps	The following table summarizes the changes in AOCL, net of tax, related to the Company’s interest rate swaps for the three months ended November 1, 2019 : Changes in AOCL AOCL balance at August 2, 2019 $ (6,913 ) Other comprehensive income before reclassifications (500 ) Amounts reclassified from AOCL 62 Other comprehensive income, net of tax (438 ) AOCL balance at November 1, 2019 $ (7,351 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Nov. 01, 2019
Revenue Recognition [Abstract]
Disaggregation of Revenue	Total revenue was comprised of the following for the specified periods: Quarter Ended November 1, 2019 November 2, 2018 Revenue: Restaurant $ 607,079 $ 590,978 Retail 141,961 142,565 Total revenue $ 749,040 $ 733,543

Leases (Tables)

Leases (Tables)	3 Months Ended
	Nov. 01, 2019
Leases [Abstract]
Components of Lease Cost for Operating Leases	The following table summarizes the components of lease cost for operating leases for the quarter ended November 1, 2019: Operating lease cost $ 19,856 Short term lease cost 384 Variable lease cost 451 Total lease cost $ 20,691
Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases	The following table summarizes supplemental cash flow information and non-cash activity related to the Company’s operating leases for the three months ended November 1, 2019: Operating cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 19,546 Noncash information: Right-of-use assets obtained in exchange for new operating lease liabilities 3,838 Lease modifications granting additional right-of-use assets 6,826 Lease modifications removing right-of-use assets (649 )
Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating Leases	The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of November 1, 2019: Weighted-average remaining lease term 18.11 Years Weighted-average discount rate 3.85 %
Maturities of Undiscounted Cash Flows Reconciled to Total Lease Liability	The following table summarizes the maturities of undiscounted cash flows reconciled to the total lease liability as of November 1, 2019: Year Total Remainder of 2020 $ 58,082 2021 46,975 2022 40,480 2023 36,676 2024 36,530 Thereafter 532,648 Total future minimum lease payments 751,391 Less imputed remaining interest (233,622 ) Total present value of operating lease liabilities $ 517,769
Maturities of Lease Commitments Prior to Adoption of New Lease Guidance	The following table summarizes the maturities of lease commitments as of August 2, 2019, prior to the adoption of the new lease guidance, as previously disclosed in our 2019 Form 10-K: Year Total 2020 $ 69,249 2021 40,962 2022 36,280 2023 33,639 2024 34,020 Thereafter 515,169 Total $ 729,319

Net Income Per Share and Weig_2

Net Income Per Share and Weighted Average Shares (Tables)	3 Months Ended
	Nov. 01, 2019
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 November 1, 2019 November 2, 2018 Net income per share numerator $ 43,223 $ 47,207 Net income per share denominator: Weighted average shares 24,038,354 24,022,586 Add potential dilution: Nonvested stock awards and units 65,568 51,136 Diluted weighted average shares 24,103,922 24,073,722

Condensed Consolidated Financ_3

Condensed Consolidated Financial Statements (Details) - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Recent Accounting Pronouncements Adopted [Abstract]
Operating lease right-of-use assets	$ 473,488	$ 0	[1]
Operating lease liabilities	$ 517,769
Cumulative-effect of change in accounting principle		4,125
Retained Earnings [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Cumulative-effect of change in accounting principle		4,125
ASU 2016-02 [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Operating lease right-of-use assets		464,394
Operating lease liabilities		506,406
ASU 2016-02 [Member] | Retained Earnings [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Cumulative-effect of change in accounting principle		$ 4,125
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

Acquisition (Details)

Acquisition (Details) $ in Thousands		Nov. 01, 2019USD ($)StateLocation	Oct. 10, 2019USD ($)Installment	Nov. 01, 2019USD ($)State	Nov. 01, 2019USD ($)State	Nov. 02, 2018USD ($)	Aug. 02, 2019USD ($)
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]
Goodwill		$ 6,364		$ 6,364	$ 6,364		$ 0
Pro Forma Information [Abstract]
Revenue					749,040	$ 733,543
Net income					$ 43,223	47,207
Maple Street Biscuit Company [Member]
Acquisition [Abstract]
Ownership interest acquired			100.00%
Cash paid to sellers			$ 32,000
Cash held for satisfaction of indemnification obligations			$ 4,000
Number of installments for unused portion held as security | Installment			2
Amount of first installment payment of unused portion held as security due to principal seller			$ 1,500
Period of first installment payment for unused portion held as security					1 year
Period of remaining installment payment for unused portion held as security					2 years
Number of locations | Location		5
Number of states in which the entity operates | State		7		7	7
Goodwill expected to be deductible for income tax purposes			0
Acquisition-related costs			1,269
Fair value of total consideration transferred			36,000
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]
Financial assets			96
Property and equipment			13,580
Operating lease right-of-use assets, net			14,280
Indefinite-lived intangible asset	[1]		19,460
Other current and noncurrent assets			394
Financial liabilities			(1,876)
Operating lease liabilities			(15,973)
Other noncurrent liabilities			(325)
Total identifiable net assets			29,636
Goodwill			$ 6,364
Period of acquisition prior to quarter end date					21 days
Pro Forma Information [Abstract]
Revenue				$ 1,208
Net income				$ 58
Pro forma revenue					$ 752,891	738,222
Pro forma earnings					$ 43,017	$ 46,876
Maple Street Biscuit Company [Member] | Company-Owned Fast Food Casual Locations [Member]
Acquisition [Abstract]
Number of locations | Location		28
[1]	Consists entirely of MSBC's Tradename

Equity Method Investment (Detai

Equity Method Investment (Details) - USD ($) $ in Thousands	Jul. 18, 2019	Nov. 01, 2019	Aug. 02, 2019
Equity method investments [Abstract]
Investment in unconsolidated subsidiary		$ 83,120	$ 89,100	[1]
PBS HC [Member]
Equity method investments [Abstract]
Percentage of economic ownership interest	58.60%
Percentage of voting ownership Interest	49.70%
Investment in unconsolidated subsidiary		83,120	89,100
Purchase of promissory notes	$ 6,900
Additional funding provided	8,000
Funding amount paid		$ 28,500	$ 12,500
PBS HC [Member] | Maximum [Member]
Equity method investments [Abstract]
Agreed funding amount	$ 51,000
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

Fair Value Measurements, Assets

Fair Value Measurements, Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring [Member] - USD ($) $ in Thousands		Nov. 01, 2019	Aug. 02, 2019
Assets and Liabilities Measured at Fair Value on a Recurring Basis [Abstract]
Cash equivalents	[1]	$ 10,046	$ 46
Interest rate swap asset (see Note 7)		189	0
Total		10,235	46
Deferred compensation plan assets	[2]	31,765	30,593
Total assets at fair value		42,000	30,639
Interest rate swap liability (see Note 7)		11,098	10,483
Total liabilities at fair value		11,098	10,483
Level 1 [Member]
Assets and Liabilities Measured at Fair Value on a Recurring Basis [Abstract]
Cash equivalents	[1]	10,046	46
Interest rate swap asset (see Note 7)		0	0
Total		10,046	46
Interest rate swap liability (see Note 7)		0	0
Total liabilities at fair value		0	0
Level 2 [Member]
Assets and Liabilities Measured at Fair Value on a Recurring Basis [Abstract]
Cash equivalents	[1]	0	0
Interest rate swap asset (see Note 7)		189	0
Total		189	0
Interest rate swap liability (see Note 7)		11,098	10,483
Total liabilities at fair value		11,098	10,483
Level 3 [Member]
Assets and Liabilities Measured at Fair Value on a Recurring Basis [Abstract]
Cash equivalents	[1]	0	0
Interest rate swap asset (see Note 7)		0	0
Total		0	0
Interest rate swap liability (see Note 7)		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.

Fair Value Measurements, Asse_2

Fair Value Measurements, Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Maple Street Biscuit Company [Member] - Nonrecurring [Member] $ in Thousands	Oct. 10, 2019USD ($)
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Property and equipment	$ 13,580
Tradename	19,460	[1]
Goodwill	6,364
Total assets at fair value	39,404
Cost Approach [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Estimated replacement cost per store	$ 500
Present Value of Estimated Cash Flow [Member] | Royalty Rate [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Tradename, measurement input	0.025
Present Value of Estimated Cash Flow [Member] | Discount Rate [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Tradename, measurement input	0.120
Level 1 [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Property and equipment	$ 0
Tradename	0	[1]
Goodwill	0
Total assets at fair value	0
Level 2 [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Property and equipment	0
Tradename	0	[1]
Goodwill	0
Total assets at fair value	0
Level 3 [Member]
Fair Value Assets Measured on Nonrecurring Basis [Abstract]
Property and equipment	13,580
Tradename	19,460	[1]
Goodwill	6,364
Total assets at fair value	$ 39,404
[1]	Included in the Condensed Consolidated Balance Sheets as other assets.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Inventories [Abstract]
Retail	$ 145,273	$ 116,990
Restaurant	25,168	20,648
Supplies	18,278	17,320
Total	$ 188,719	$ 154,958	[1]
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

Debt (Details)

Debt (Details) $ in Thousands	3 Months Ended
	Nov. 01, 2019USD ($)	Aug. 02, 2019USD ($)	Sep. 05, 2018USD ($)
2019 Revolving Credit Facility [Member]
Line of Credit Facility [Abstract]
Line of credit facility, term	5 years
Maximum borrowing capacity			$ 950,000
Option to increase revolving credit facility			$ 300,000
Outstanding borrowings	$ 485,000	$ 400,000
Amount of standby letters of credit	6,879
Current borrowing capacity	458,121
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
2019 Revolving Credit Facility, Swapped Portion [Member]
Line of Credit Facility [Abstract]
Outstanding borrowings	$ 350,000
Weighted average interest rates	3.49%
2019 Revolving Credit Facility, Remaining Portion [Member]
Line of Credit Facility [Abstract]
Outstanding borrowings	$ 135,000
Weighted average interest rates	3.11%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) $ in Thousands	3 Months Ended
	Nov. 01, 2019USD ($)
Derivative Instruments [Abstract]
Company's credit spread	1.00%
Interest Rate Swap One January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.16%
Interest Rate Swap Two January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 4, 2021
Term	3 years
Notional amount	$ 120,000
Fixed rate	2.41%
Interest Rate Swap Three January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 60,000
Fixed rate	2.15%
Interest Rate Swap Four January 30, 2015 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 30, 2015
Effective date	May 4, 2021
Term	3 years
Notional amount	$ 80,000
Fixed rate	2.40%
Interest Rate Swap Five January 16, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 16, 2019
Effective date	May 3, 2019
Term	3 years
Notional amount	$ 115,000
Fixed rate	2.63%
Interest Rate Swap Six January 16, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Jan. 16, 2019
Effective date	May 3, 2019
Term	2 years
Notional amount	$ 115,000
Fixed rate	2.68%
Interest Rate Swap Seven August 6, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Aug. 6, 2019
Effective date	Nov. 4, 2019
Term	1 year 6 months
Notional amount	$ 50,000
Fixed rate	1.50%
Interest Rate Swap Eight August 7, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Aug. 7, 2019
Effective date	May 3, 2021
Term	1 year
Notional amount	$ 35,000
Fixed rate	1.32%
Interest Rate Swap Nine August 7, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Aug. 7, 2019
Effective date	May 3, 2022
Term	2 years
Notional amount	$ 100,000
Fixed rate	1.40%
Interest Rate Swap Ten August 7, 2019 [Member]
Derivative Instruments [Abstract]
Trade date	Aug. 7, 2019
Effective date	May 3, 2022
Term	2 years
Notional amount	$ 100,000
Fixed rate	1.36%

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities, Estimated Fair Values of Derivative Instruments (Details) - Interest Rate Swaps [Member] - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Estimated Fair Value of Derivative Instruments [Abstract]
Fair value, asset	$ 189	$ 0
Fair value, liability	11,098	10,483
Other Assets [Member]
Estimated Fair Value of Derivative Instruments [Abstract]
Fair value, asset	189	0
Long-term Interest Rate Swap Liability [Member]
Estimated Fair Value of Derivative Instruments [Abstract]
Fair value, liability	$ 11,098	$ 10,483

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities, Offsetting of Derivative Assets (Details) - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Offsetting of derivative assets [Abstract]
Estimated pre-tax portion of AOCL that is expected to be reclassified into earnings over the next twelve months	$ 1,176
Interest Rate Swaps [Member]
Offsetting of derivative assets [Abstract]
Gross asset amounts	189	$ 0
Liability amount offset	0	0
Net asset amount presented in the balance sheets	189	0
Reduction in fair value of interest rate swap assets and liabilities due to adjustment related to non-performance risk	$ 297	$ 399

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities, Offsetting of Derivative Liabilities (Details) - Interest Rate Swaps [Member] - USD ($) $ in Thousands	Nov. 01, 2019	Aug. 02, 2019
Offsetting of derivative liabilities [Abstract]
Gross liability amounts	$ 11,241	$ 10,483
Asset amount offset	(143)	0
Net liability amount presented in the balance sheets	$ 11,098	$ 10,483

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities, Pre-tax Effects of Derivative Instruments on AOCL and Income (Details) - Interest Rate Swaps [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 01, 2019	Nov. 02, 2018	Aug. 02, 2019
Interest Rate Cash Flow Hedges [Abstract]
Amount of loss recognized in AOCL on derivatives	$ (545)		$ (15,466)
Interest Expense [Member]
Interest Rate Cash Flow Hedges [Abstract]
Amount of gain reclassified from AOCL into income	$ (82)	$ 0

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities, Amounts Reclassified out of AOCL Related to Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 01, 2019	Nov. 02, 2018
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps [Abstract]
Interest expense	$ (3,580)	$ (4,349)
Provision for income taxes	10,590	10,122
Net of tax	43,223	$ 47,207
Interest Rate Swaps [Member] | Cash Flow Hedging [Member]
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps [Abstract]
Gains or losses representing amounts excluded from assessment of effectiveness	0
Gain on Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member]
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps [Abstract]
Provision for income taxes	(20)
Net of tax	62
Gain on Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member]
Amounts Reclassified Out of AOCL Related to Interest Rate Swaps [Abstract]
Interest expense	$ 82

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities, Changes in AOCL, Net of Tax, Related to Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 01, 2019		Nov. 02, 2018
Changes in AOCL, net of tax, related to interest rate swaps [Roll Forward]
Balance	$ 604,710	[1]	$ 581,781
Other comprehensive income before reclassifications	(500)
Amounts reclassified from AOCL	62
Other comprehensive income (loss), net of tax	(438)		1,293
Balance	605,784		600,178
Accumulated Other Comprehensive Income (Loss) [Member]
Changes in AOCL, net of tax, related to interest rate swaps [Roll Forward]
Balance	(6,913)		4,685
Other comprehensive income (loss), net of tax	(438)		1,293
Balance	$ (7,351)		$ 5,978
[1]	This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 2, 2019, as filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended August 2, 2019.

Segment Information (Details)

Segment Information (Details)	3 Months Ended
	Nov. 01, 2019SegmentLine
Segment Information [Abstract]
Number of product lines | Line	2
Number of reportable operating segments | Segment	1

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 01, 2019	Nov. 02, 2018	Aug. 02, 2019
Disaggregation of Revenue [Abstract]
Revenue	$ 749,040	$ 733,543
Gift card breakage	1,238	1,341
Deferred revenue related to gift cards	76,147		$ 80,073
Revenue recognized for redemption of gift cards	17,947	18,139
Restaurant [Member]
Disaggregation of Revenue [Abstract]
Revenue	607,079	590,978
Retail [Member]
Disaggregation of Revenue [Abstract]
Revenue	$ 141,961	$ 142,565

Leases (Details)

Leases (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Nov. 01, 2019USD ($)Period	Jul. 31, 2009Store	Jul. 28, 2000Store	Aug. 02, 2019USD ($)
Components of Lease Cost for Operating Leases [Abstract]
Operating lease cost	$ 19,856
Short term lease cost	384
Variable lease cost	451
Total lease cost	20,691
Operating cash flow information [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	19,546
Noncash information [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	3,838
Lease modifications granting additional right-of-use assets	6,826
Lease modifications removing right-of-use assets	$ (649)
Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating Leases [Abstract]
Weighted-average remaining lease term	18 years 1 month 9 days
Weighted-average discount rate	3.85%
Maturities of Undiscounted Cash Flows Reconciled to Total Lease Liability [Abstract]
Remainder of 2020	$ 58,082
2021	46,975
2022	40,480
2023	36,676
2024	36,530
Thereafter	532,648
Total future minimum lease payments	751,391
Less imputed remaining interest	(233,622)
Total present value of operating lease liabilities	$ 517,769
Maturities of Lease Commitments Prior to Adoption of New Lease Guidance [Abstract]
2020				$ 69,249
2021				40,962
2022				36,280
2023				33,639
2024				34,020
Thereafter				515,169
Total				$ 729,319
Restaurant [Member]
Sale Leaseback Transactions [Abstract]
Initial lease term	10 years
Lease renewal option	5 years
Undiscounted future payments for leases not yet commenced	$ 17,300
Restaurant [Member] | Minimum [Member]
Sale Leaseback Transactions [Abstract]
Number of optional renewal periods | Period	4
Restaurant [Member] | Maximum [Member]
Sale Leaseback Transactions [Abstract]
Number of optional renewal periods | Period	5
Sale-leaseback Transactions in 2009 [Member] | Owned Stores [Member]
Sale Leaseback Transactions [Abstract]
Number of owned stores involved in sale-lease back transactions | Store		15
Initial lease term	20 years
Lease renewal option	20 years
Sale-leaseback Transactions in 2009 [Member] | Retail Distribution Center [Member]
Sale Leaseback Transactions [Abstract]
Initial lease term	15 years
Lease renewal option	20 years
Sale-leaseback Transactions in 2000 [Member] | Owned Stores [Member]
Sale Leaseback Transactions [Abstract]
Number of owned stores involved in sale-lease back transactions | Store			65
Initial lease term	21 years
Lease renewal option	20 years

Net Income Per Share and Weig_3

Net Income Per Share and Weighted Average Shares (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 01, 2019	Nov. 02, 2018
Net Income Per Share and Weighted Average Shares [Abstract]
Net income per share numerator	$ 43,223	$ 47,207
Net income per share denominator [Abstract]
Weighted average shares (in shares)	24,038,354	24,022,586
Add potential dilution [Abstract]
Nonvested stock awards and units (in shares)	65,568	51,136
Diluted weighted average shares (in shares)	24,103,922	24,073,722

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Nov. 01, 2019USD ($)Property
Standby Letters of Credit [Member] | Revolving Credit Facility [Member]
Loss Contingencies [Abstract]
Letters of credit outstanding | $	$ 6,879
Lease Performance Guarantee [Member]
Loss Contingencies [Abstract]
Number of properties for which the company is secondarily liable for lease payments | Property	2