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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 30, 2016
Jul. 25, 2015
Jul. 26, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 25,044 $ 30,620 $ 5,045
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24,101 23,330 22,274
Non-cash share-based compensation 3,195 3,169 3,229
Deferred taxes (70) 14,841 (8,048)
Provision to value inventories at LIFO (171) 124 (216)
Changes in assets and liabilities:      
Merchandise inventories 3,932 (1,202) (2,963)
Patronage dividend receivable (354) 92 (1,113)
Accounts payable to Wakefern 849 (5,372) 4,244
Accounts payable and accrued expenses (1,389) 1,329 3,228
Accrued wages and benefits 1,196 (3,739) 4,146
Income taxes receivable / payable 8,819 (47,539) 24,144
Other assets and liabilities (1,051) 1,815 (1,523)
Net cash provided by operating activities 64,101 17,468 52,447
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (19,971) (23,517) (50,322)
Proceeds from Sale of Property, Plant, and Equipment 919 0 0
Investment in notes receivable from Wakefern (1,314) (823) (41,597)
Maturity of notes receivable from Wakefern 0 0 23,420
Net cash used in investing activities (20,366) (24,340) (68,499)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options 813 2,392 217
Excess tax benefit related to share-based compensation 28 436 46
Principal payments of long-term debt (1,625) (1,691) (1,429)
Dividends (12,634) (12,577) (12,432)
Treasury stock purchases (978) 0 (2,569)
Net cash used in financing activities (14,396) (11,440) (16,167)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 29,339 (18,312) (32,219)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 59,040 77,352 109,571
CASH AND CASH EQUIVALENTS, END OF YEAR 88,379 59,040 77,352
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:      
Interest 4,495 4,446 4,240
Income taxes 8,518 43,038 7,661
NONCASH SUPPLEMENTAL DISCLOSURES:      
Capital lease obligations $ 0 $ 0 $ 3,525