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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Jul. 25, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 22,921 $ 25,044 $ 30,620
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24,482 24,101 23,330
Non-cash share-based compensation 3,134 3,195 3,169
Deferred taxes 2,279 (70) 14,841
Provision to value inventories at LIFO (112) (171) 124
Changes in assets and liabilities:      
Merchandise inventories 271 3,932 (1,202)
Patronage dividend receivable 530 (354) 92
Accounts payable to Wakefern 370 849 (5,372)
Accounts payable and accrued expenses 111 (1,389) 1,329
Accrued wages and benefits 1,497 1,196 (3,739)
Income taxes receivable / payable (7,957) 8,819 (47,539)
Other assets and liabilities (1,373) (1,051) 1,815
Net cash provided by operating activities 46,153 64,101 17,468
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (27,726) (19,971) (23,517)
Proceeds from Sale of Property, Plant, and Equipment 0 919 0
Investment in notes receivable from Wakefern (1,945) (1,314) (823)
Net cash used in investing activities (29,671) (20,366) (24,340)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options 812 813 2,392
Excess tax benefit related to share-based compensation 83 28 436
Principal payments of long-term debt (1,452) (1,625) (1,691)
Dividends (12,788) (12,634) (12,577)
Treasury stock purchases (4,081) (978) 0
Net cash used in financing activities (17,426) (14,396) (11,440)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (944) 29,339 (18,312)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 88,379 59,040 77,352
CASH AND CASH EQUIVALENTS, END OF YEAR 87,435 88,379 59,040
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:      
Interest 4,452 4,495 4,446
Income taxes $ 21,590 $ 8,518 $ 43,038