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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 28, 2023
Oct. 29, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,585 $ 11,081
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,967 8,950
Non-cash share-based compensation 924 608
Deferred taxes (207) 103
Provision to value inventories at LIFO 466 538
Gain on sale of property, equipment and fixtures (39) (17)
Changes in assets and liabilities:    
Merchandise inventories (3,443) (4,893)
Patronage dividend receivable (4,849) (4,745)
Accounts payable to Wakefern 4,216 3,760
Accounts payable and accrued expenses 3,954 3,389
Accrued wages and benefits (1,420) (697)
Income taxes receivable / payable (2,602) 4,492
Other assets and liabilities 827 (550)
Net cash provided by operating activities 18,379 22,019
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (13,773) (9,813)
Proceeds from the sale of assets 39 17
Investment in notes receivable from Wakefern (2,139) (59,767)
Maturity of notes receivable from Wakefern 0 28,850
Investment in real estate partnership (1,813) (1,276)
Net cash used in investing activities (17,686) (41,989)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 10,000
Principal payments of long-term debt (2,698) (2,352)
Debt issuance costs 0 (11)
Dividends (3,350) (3,252)
Treasury stock purchases (782) 0
Net cash (used in) provided by financing activities (6,830) 4,385
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,137) (15,585)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 140,910 134,832
CASH AND CASH EQUIVALENTS, END OF PERIOD 134,773 119,247
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 1,064 1,087
Income taxes 8,135 380
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 38 0
Capital expenditures included in accounts payable and accrued expenses 5,086 5,427
Lease obligations obtained in exchange for right-of-use assets $ 908 $ 0