XML 21 R9.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 27, 2019
Apr. 28, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,810,000 $ 19,070,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,481,000 18,704,000
Non-cash share-based compensation 2,387,000 2,515,000
Deferred taxes (392,000) (418,000)
Provision to value inventories at LIFO 303,000 100,000
Gain (Loss) on Disposition of Assets 102,000 130,000
Changes in assets and liabilities:    
Merchandise inventories 188,000 506,000
Patronage dividend receivable 3,575,000 4,293,000
Accounts payable to Wakefern (2,132,000) (2,700,000)
Accounts payable and accrued expenses 1,069,000 (1,575,000)
Accrued wages and benefits 495,000 19,000
Income taxes receivable / payable (2,394,000) (402,000)
Other assets and liabilities (2,519,000) (8,259,000)
Net cash provided by operating activities 39,769,000 31,723,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (18,815,000) (21,883,000)
Proceeds from Sale of Property, Plant, and Equipment 102,000 130,000
Investment in notes receivable from Wakefern (27,263,000) (23,875,000)
Proceeds from Sale, Maturity and Collection of Long-term Investments 24,937,000 22,172,000
Payments to Acquire Notes Receivable 0 4,835,000
Net Cash Provided by (Used in) Investing Activities (21,039,000) (28,291,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 1,008,000 0
Excess tax benefit related to share-based compensation 26,000 0
Proceeds from Notes Payable 0 6,860,000
Payments of Debt Issuance Costs 0 (297,000)
Principal payments of long-term debt (1,354,000) (695,000)
Dividends (9,658,000) (9,656,000)
Payments for Repurchase of Common Stock $ (729,000) (632,000)
Document Period End Date Apr. 27, 2019  
Net cash used in financing activities $ (10,707,000) (4,420,000)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 8,023,000 (988,000)
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Income taxes 10,790,000 5,375,000
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 838,000 0
Cash and Cash Equivalents, at Carrying Value 104,131,000 86,447,000
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 3,334,000 $ 3,340,000