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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 25, 2025
Jan. 27, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 29,697 $ 26,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,149 17,962
Non-cash share-based compensation 1,588 1,821
Deferred taxes (47) (468)
Provision to value inventories at LIFO 344 916
Gain on sale of property, equipment and fixtures 0 (174)
Changes in assets and liabilities:    
Merchandise inventories (3,502) (2,106)
Patronage dividend receivable 10,255 6,609
Accounts payable to Wakefern 8,279 7,118
Accounts payable and accrued expenses 964 2,258
Accrued wages and benefits (2,142) (2,597)
Income taxes receivable / payable 2,486 (9,872)
Other assets and liabilities (5,119) 1,141
Net cash provided by operating activities 60,952 48,674
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (27,548) (34,783)
Proceeds from the sale of assets 0 161
Investment in notes receivable from Wakefern (4,298) (4,345)
Investment in real estate partnership (339) (3,825)
Net cash used in investing activities (32,185) (42,792)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 21 0
Principal payments of long-term debt (5,468) (5,387)
Dividends (6,652) (6,701)
Treasury stock purchases 0 (1,358)
Net cash used in financing activities (12,099) (13,446)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 16,668 (7,564)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 117,261 140,910
CASH AND CASH EQUIVALENTS, END OF PERIOD 133,929 133,346
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 1,972 2,110
Income taxes 10,989 22,325
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 0 38
Capital expenditures included in accounts payable and accrued expenses 9,762 4,275
Lease obligations obtained in exchange for right-of-use assets $ 10,239 $ 908