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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 27, 2024
Apr. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 35,030 $ 34,422
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,566 26,857
Non-cash share-based compensation 2,776 1,974
Deferred taxes (588) (395)
Provision to value inventories at LIFO 1,399 2,038
Gain on sale of property, equipment and fixtures (209) (177)
Changes in assets and liabilities:    
Merchandise inventories (4,044) (3,707)
Patronage dividend receivable 2,443 3,627
Accounts payable to Wakefern 630 (1,033)
Accounts payable and accrued expenses 340 1,793
Accrued wages and benefits (252) 1,075
Income taxes receivable / payable (9,831) 963
Other assets and liabilities 3,780 807
Net cash provided by operating activities 58,040 68,244
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (54,103) (35,689)
Proceeds from the sale of assets 196 177
Investment in notes receivable from Wakefern (39,849) (63,265)
Maturity of notes receivable from Wakefern 33,338 28,850
Investment in real estate partnership (4,704) (4,268)
Net cash used in investing activities (65,122) (74,195)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 17,125
Principal payments of long-term debt (8,304) (7,764)
Debt issuance costs 0 (33)
Dividends (10,002) (9,845)
Treasury stock purchases (1,577) (3,739)
Net cash used in financing activities (19,883) (4,256)
NET DECREASE IN CASH AND CASH EQUIVALENTS (26,965) (10,207)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 140,910 134,832
CASH AND CASH EQUIVALENTS, END OF PERIOD 113,945 124,625
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 3,125 3,137
Income taxes 26,260 15,005
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 31 0
Capital expenditures included in accounts payable and accrued expenses 7,034 5,709
Lease obligations obtained in exchange for right-of-use assets $ 5,550 $ 0