XML 72 R10.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 27, 2024
Jul. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 50,462 $ 49,716
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,461 35,711
Non-cash share-based compensation 3,993 3,274
Deferred taxes (170) (2,088)
Provision to value inventories at LIFO 551 2,622
Impairment of assets 2,125 0
(Gain) Loss on sale of assets (233) 257
Changes in assets and liabilities:    
Merchandise inventories (2,775) (2,947)
Patronage dividend receivable (3,602) (227)
Accounts payable to Wakefern 1,690 928
Accounts payable and accrued expenses (1,209) 4,436
Accrued wages and benefits 2,636 2,632
Income taxes receivable / payable (11,760) 9,737
Other assets and liabilities 3,680 462
Net cash provided by operating activities 80,849 104,513
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (63,113) (46,400)
Proceeds from the sale of assets 233 262
Investment in notes receivable from Wakefern (41,991) (65,275)
Investment in real estate partnerships (6,480) (5,865)
Maturity of notes receivable from Wakefern 33,338 28,850
Net cash used in investing activities (78,013) (88,428)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 45 0
Excess tax benefit related to share-based compensation 25 279
Proceeds from issuance of long-term debt 0 17,125
Principal payments of long-term debt (11,003) (10,446)
Debt issuance costs 0 (33)
Dividends (13,341) (13,193)
Treasury stock purchases, including shares surrendered for withholding taxes (2,211) (3,739)
Net cash used in financing activities (26,485) (10,007)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (23,649) 6,078
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 140,910 134,832
CASH AND CASH EQUIVALENTS, END OF YEAR 117,261 140,910
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Interest 4,135 4,220
Income taxes 34,160 15,080
Investment in Wakefern and increase in notes payable to Wakefern 31 0
Capital expenditures included in accounts payable and accrued expenses $ 5,972 $ 5,591