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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 25, 2020
Jan. 26, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,572 $ 13,839
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,237 13,915
Non-cash share-based compensation 1,541 1,516
Loss on pension settlements (1,246) 0
Deferred taxes (291) (573)
Provision to value inventories at LIFO 0 103
Changes in assets and liabilities:    
Merchandise inventories (2,810) (331)
Patronage dividend receivable 7,467 7,036
Accounts payable to Wakefern 10,109 665
Accounts payable and accrued expenses (3,957) 376
Accrued wages and benefits (1,043) (279)
Income taxes receivable / payable (1,880) (1,066)
Other assets and liabilities 62 677
Net cash provided by operating activities 27,761 35,878
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (38,121) (13,631)
Investment in notes receivable from Wakefern (1,546) (1,531)
Acquisition deposit in escrow (6,860) 0
Payment for acquisition, net of cash acquired (64) 0
Net Cash Provided by (Used in) Investing Activities (46,463) (15,162)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments of long-term debt (336) (1,126)
Dividends (6,438) (6,435)
Payments for Repurchase of Common Stock (249) (729)
Net cash used in financing activities (7,023) (8,290)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (25,725) 12,426
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 101,121 96,108
CASH AND CASH EQUIVALENTS, END OF PERIOD 75,396 108,534
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Interest 1,135 2,227
Income taxes 4,132 7,659
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern $ 93 $ 845