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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2022
Apr. 24, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 14,227 $ 10,490
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,060 27,003
Non-cash share-based compensation 1,757 1,892
Non-cash pension settlement charges 10,811 0
Deferred taxes (3,674) (1,539)
Provision to value inventories at LIFO 1,462 0
Gain on sale of property, equipment and fixtures (220) (1,031)
Changes in assets and liabilities:    
Merchandise inventories (5,258) (2,837)
Patronage dividend receivable 3,494 3,464
Accounts payable to Wakefern 1,538 (6,485)
Accounts payable and accrued expenses (1,747) (4,076)
Accrued wages and benefits 1,054 (502)
Income taxes receivable / payable (1,116) 4,611
Other assets and liabilities 3,314 2,005
Net cash provided by operating activities 51,702 32,995
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (36,834) (14,901)
Proceeds from the sale of assets 4,225 1,076
Investment in notes receivable from Wakefern (1,788) (1,708)
Investment in real estate partnership (4,393) 0
Net cash used in investing activities (38,790) (15,533)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 7,350 50,000
Principal payments of long-term debt (6,174) (6,459)
Payments on revolving line of credit 0 (50,000)
Debt issuance costs (51) (222)
Dividends (9,787) (9,785)
Treasury stock purchases, including shares surrendered for withholding taxes (649) 0
Net cash used in financing activities (9,311) (16,466)
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,601 996
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 116,314 111,681
CASH AND CASH EQUIVALENTS, END OF PERIOD 119,915 112,677
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 2,923 2,963
Income taxes 17,740 1,475
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 0 351
Capital expenditures included in accounts payable and accrued expenses $ 4,152 $ 3,779