XML 89 R27.htm IDEA: XBRL DOCUMENT v3.24.3
LEASES (Tables)
12 Months Ended
Jul. 27, 2024
Leases [Abstract]  
Total Lease Cost
The composition of total lease cost is as follows:
 Years ended
 Consolidated Statement of Operations ClassificationJuly 27,
2024
July 29,
2023
Operating lease costOperating and administrative expense$36,989 $36,146 
Finance lease cost
Amortization of leased assetsDepreciation and amortization947 947 
Interest on lease liabilitiesInterest expense1,802 1,874 
Variable lease costOperating and administrative expense22,044 21,275 
Total lease cost$61,782 $60,242 
Supplemental cash flow information related to leases is as follows:
 Years ended
 July 27,
2024
July 29,
2023
Cash paid for amounts in the measurement of lease liabilities
Operating cash flows from operating leases$35,618 $34,442 
Operating cash flows from finance leases1,802 1,874 
Financing cash flows from finance leases887 815 
Lease obligations obtained in exchange for right-of-use assets (non-cash)12,727 5,724 
Operating Lease Maturity Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised. The Company's lease liabilities mature as follows as of July 27, 2024:
 Operating leasesFinance leasesTotal
2025$32,806 $2,601 $35,407 
202635,194 2,893 38,087 
202734,781 2,893 37,674 
202833,380 2,893 36,273 
202932,294 2,893 35,187 
Thereafter189,437 17,507 206,944 
Total lease payments357,892 31,680 389,572 
Less amount representing interest80,519 11,276 91,795 
Present value of lease liabilities$277,373 $20,404 $297,777 
Finance Lease Maturity Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised. The Company's lease liabilities mature as follows as of July 27, 2024:
 Operating leasesFinance leasesTotal
2025$32,806 $2,601 $35,407 
202635,194 2,893 38,087 
202734,781 2,893 37,674 
202833,380 2,893 36,273 
202932,294 2,893 35,187 
Thereafter189,437 17,507 206,944 
Total lease payments357,892 31,680 389,572 
Less amount representing interest80,519 11,276 91,795 
Present value of lease liabilities$277,373 $20,404 $297,777 
Lease Terms and Discount Rates
As of July 27, 2024, the Company's lease terms and discount rates are as follows:
 July 27,
2024
July 29,
2023
Weighted-average remaining lease term (years)
Operating leases12.012.6
Finance leases11.512.4
Weighted-average discount rate
Operating leases4.3 %4.2 %
Finance leases8.5 %8.5 %