Share-Based Compensation (Tables)

12 Months Ended

Jul. 29, 2022

The following table summarizes the performance periods and vesting periods for the Company’s nonvested stock awards under its long-term performance plans at July 29, 2022:

Long-Term Performance Plan (“LTPP”)	Performance Period	Vesting Period (in Years)
2022 LTPP	2022 – 2024	3
2021 LTPP	2021 – 2022	2 or 3

Outstanding Awards under LTPP

The following table summarizes the shares that have been accrued under the 2022 LTPP and 2021 LTPP at July 29, 2022:


2022 LTPP			8,813
2021 LTPP			30,747

Nonvested Stock Activity

A summary of the Company’s nonvested stock activity as of July 29, 2022, and changes during 2022 are presented in the following table:


Nonvested Stock	Shares			Weighted-Average Grant Date Fair Value
Unvested at July 30, 2021		89,323		$	135.81
Granted		84,670			133.41
Vested		(42,870	)		143.84
Forfeited		(7,181	)		138.94
Unvested at July 29, 2022		123,942		$	131.21

Aggregate Fair Value of Non Vested Stock

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

		2022				2021				2020
Total fair value of nonvested stock		$	6,166			$	3,200			$	3,084

Components of Share-based Compensation Expense

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

		2022				2021				2020
Total compensation expense		$	8,198			$	8,729			$	6,386

Unrecognized Compensation Cost, Nonvested Awards

The following table highlights the total unrecognized compensation expense related to the outstanding nonvested stock awards and nonvested stock units and the weighted-average periods over which the expense is expected to be recognized as of July 29, 2022:

	Nonvested Stock Awards
Total unrecognized compensation	$	6,859
Weighted-average period in years		1.76