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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 30, 2022
Jul. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26,830 $ 19,994
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,705 35,701
Non-cash share-based compensation 2,297 2,522
Non-cash pension settlement charges 10,856 587
Deferred taxes (5,093) (2,542)
Provision to value inventories at LIFO 3,295 220
Impairment of assets 0 2,900
Gain on sale of assets (346) (5,103)
Changes in assets and liabilities:    
Merchandise inventories (4,852) (718)
Patronage dividend receivable (379) (656)
Accounts payable to Wakefern 6,550 (10,645)
Accounts payable and accrued expenses (1,759) (3,741)
Accrued wages and benefits 2,185 1,387
Income taxes receivable / payable 2,976 9,291
Other assets and liabilities 2,360 3,495
Net cash provided by operating activities 79,625 52,692
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (43,270) (25,233)
Proceeds from the sale of assets 4,352 1,147
Investment in notes receivable from Wakefern (2,489) (2,287)
Investment in real estate partnerships (5,010) 0
Net cash used in investing activities (46,417) (26,373)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 7,350 50,000
Principal payments of long-term debt (8,299) (8,414)
Payments on revolving line of credit 0 (50,000)
Debt issuance costs (51) (222)
Dividends (13,041) (13,050)
Treasury stock purchases, including shares surrendered for withholding taxes (649) 0
Net cash used in financing activities (14,690) (21,686)
NET INCREASE IN CASH AND CASH EQUIVALENTS 18,518 4,633
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 116,314 111,681
CASH AND CASH EQUIVALENTS, END OF YEAR 134,832 116,314
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Interest 3,907 3,943
Income taxes 20,685 1,475
Investment in Wakefern and increase in notes payable to Wakefern 0 2,872
Capital expenditures included in accounts payable and accrued expenses $ 3,784 $ 3,162