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v2.4.0.6
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Nov. 02, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Summary of interest rate swaps
A summary of the Company's interest rate swaps is as follows:
 
 
Trade Date
 
Effective Date
 
Term
(in Years)
 
 
Notional Amount
 
 
Fixed Rate
 
May 4, 2006
August 3, 2006
 
 
7
 
 
$
525,000
 
 
 
5.57
%
August 10, 2010
May 3, 2013
 
 
2
 
 
 
200,000
 
 
 
2.73
%
July 25, 2011
May 3, 2013
 
 
2
 
 
 
50,000
 
 
 
2.00
%
July 25, 2011
May 3, 2013
 
 
3
 
 
 
50,000
 
 
 
2.45
%
September 19, 2011
May 3, 2013
 
 
2
 
 
 
25,000
 
 
 
1.05
%
September 19, 2011
May 3, 2013
 
 
2
 
 
 
25,000
 
 
 
1.05
%
December 7, 2011
May 3, 2013
 
 
3
 
 
 
50,000
 
 
 
1.40
%

Schedule of estimated fair value of derivative instruments
The estimated fair values of the Company's derivative instruments as of November 2, 2012 and August 3, 2012 were as follows:
Balance Sheet Location
 
November 2, 2012
 
 
August 3, 2012
 
Interest rate swap
Current interest rate swap liability
 
$
13,799
 
 
$
20,215
 
Interest rate swaps
Long-term interest rate swap liability
 
 
15,081
 
 
 
14,166
 
Total (See Note 2)
 
$
28,880
 
 
$
34,381
 

Schedule of pre-tax effects of derivative instruments on income and AOCL
The following table summarizes the pre-tax effects of the Company's derivative instruments on AOCL for the quarter ended November 2, 2012 and the year ended August 3, 2012:
 
 
Amount of Income Recognized in AOCL on Derivatives (Effective Portion)
 
 
Quarter Ended
 
 
Year Ended
 
 
November 2, 2012
 
 
August 3, 2012
 
Cash flow hedges:
 
 
 
 
 
 
Interest rate swaps
 
$
5,501
 
 
$
17,223
 

The following table summarizes the pre-tax effects of the Company's derivative instruments on income for the quarters ended November 2, 2012 and October 28, 2011:
 
Location of Loss Reclassified from AOCL into Income (Effective Portion)
 
Amount of Loss Reclassified from AOCL into Income (Effective Portion)
 
 
Quarter Ended
 
 
November 2, 2012
 
 
October 28, 2011
 
Cash flow hedges:
 
 
 
 
 
 
Interest rate swaps
Interest expense
 
$
--
 
 
$
7,445