INCOME TAXES (Tables)

12 Months Ended

Jul. 29, 2017

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes are:



	2017		2016			2015
Federal:
Current	$	10,018	$	13,150		$	2,424
Deferred	2,167		183			13,954

State:
Current	3,906		4,215			(6,490		)
Deferred	111		(253		)	887

	$	16,202	$	17,295		$	10,775

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:



	July 29, 2017			July 30, 2016
Deferred tax assets:
Leasing activities	$	8,115		$	7,922
Federal benefit of uncertain tax positions	304			282
Compensation related costs	2,543			4,209
Pension costs	6,410			11,097
Other	729			704

Total deferred tax assets	18,101			24,214

Deferred tax liabilities:
Tax over book depreciation	17,603			17,114
Patronage dividend receivable	5,164			5,270
Investment in partnerships	1,479			1,476
Other	—			171

Total deferred tax liabilities	24,246			24,031

Net deferred tax (liability) asset	$	(6,145	)	$	183

Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 29, 2017 and July 30, 2016:



	2017		2016
Other assets	611		1,576
Other liabilities	(6,756	)	(1,393	)

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differs from the statutory federal income tax rate as follows:



	2017		2016		2015
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	6.2	%	5.9	%	6.1	%
Unrecognized tax benefits, interest and penalties on prior year tax positions	—	%	—	%	(17.6	)%
Current year interest and penalties on unrecognized tax benefits	0.1	%	0.2	%	2.0	%
Other	0.1	%	(0.3	)%	0.5	%

Effective income tax rate	41.4	%	40.8	%	26.0	%

Schedule of Unrecognized Tax Benefits Roll Forward

reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:



	2017		2016
Balance at beginning of year	$	631	$	514
Additions based on tax positions related to prior periods	17		—
Additions based on tax positions related to the current year	—		117

Balance at end of year	$	648	$	631