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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 29, 2023
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 34,422 $ 14,227
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,857 26,060
Non-cash share-based compensation 1,974 1,757
Non-cash pension settlement charges 0 10,811
Deferred taxes (395) (3,674)
Provision to value inventories at LIFO 2,038 1,462
Gain on sale of property, equipment and fixtures (177) (220)
Changes in assets and liabilities:    
Merchandise inventories (3,707) (5,258)
Patronage dividend receivable 3,627 3,494
Accounts payable to Wakefern (1,033) 1,538
Accounts payable and accrued expenses 1,793 (1,747)
Accrued wages and benefits 1,075 1,054
Income taxes receivable / payable 963 (1,116)
Other assets and liabilities 807 3,314
Net cash provided by operating activities 68,244 51,702
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (35,689) (36,834)
Proceeds from the sale of assets 177 4,225
Investment in notes receivable from Wakefern (63,265) (1,788)
Maturity of notes receivable from Wakefern 28,850 0
Investment in real estate partnership (4,268) (4,393)
Net cash used in investing activities (74,195) (38,790)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 17,125 7,350
Principal payments of long-term debt (7,764) (6,174)
Debt issuance costs (33) (51)
Dividends (9,845) (9,787)
Treasury stock purchases, including shares surrendered for withholding taxes (3,739) (649)
Net cash used in financing activities (4,256) (9,311)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,207) 3,601
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 134,832 116,314
CASH AND CASH EQUIVALENTS, END OF PERIOD 124,625 119,915
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 3,137 2,923
Income taxes 15,005 17,740
NONCASH SUPPLEMENTAL DISCLOSURES:    
Capital expenditures included in accounts payable and accrued expenses $ 5,709 $ 4,152