INCOME TAXES (Tables)

12 Months Ended

Jul. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes are:

	2022		2021
Federal:
Current	$	10,766	$	7,172
Deferred	(3,547)		(2,037)
State:
Current	6,561		4,229
Deferred	(1,546)		(505)
	$	12,234	$	8,859

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	July 30, 2022		July 31, 2021
Deferred tax assets:
Lease liabilities	$	100,275	$	106,615
Compensation related costs	3,618		4,377
Pension costs	1,536		3,248
Other	710		552
Total deferred tax assets	106,139		114,792
Deferred tax liabilities:
Tax over book depreciation	20,859		22,653
Lease assets	92,375		98,994
Patronage dividend receivable	3,950		4,162
Investment in partnerships	1,164		1,162
Other	2,206		611
Total deferred tax liabilities	120,554		127,582
Net deferred tax liability	$	(14,415)	$	(12,790)

Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 30, 2022 and July 31, 2021:

	July 30, 2022	July 31, 2021
Other assets	515	1,642
Other liabilities	(14,930)	(14,432)

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differs from the statutory federal income tax rate as follows:

	2022		2021
Statutory federal income tax rate	21.0	%	21.0	%
State income taxes, net of federal tax benefit	10.1	%	10.3	%
Other	0.2	%	(0.6)	%
Effective income tax rate	31.3	%	30.7	%