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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Jul. 31, 2015
USD ($)
Aug. 01, 2014
USD ($)
Aug. 02, 2013
USD ($)
Cash flows from operating activities:      
Net income $ 163,903 $ 132,128 $ 117,265
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,955 68,389 66,120
Loss on disposition of property and equipment 6,872 5,163 4,057
Share-based compensation 16,210 7,924 17,839
Excess tax benefit from share-based compensation (4,705) (1,248) (2,332)
Changes in assets and liabilities:      
Accounts receivable 4,654 (6,762) (1,333)
Income taxes receivable 2,973 (1,725) 0
Inventories 12,368 (18,739) (3,420)
Prepaid expenses and other current assets (2,170) 651 (1,243)
Other assets (1,659) (1,701) (1,033)
Accounts payable 34,640 (12,160) 9,366
Taxes withheld and accrued 2,800 1,185 (4,628)
Accrued employee compensation 6,485 (1,847) (4,143)
Accrued employee benefits 1,667 1,573 (2,069)
Deferred revenues 9,155 5,727 6,402
Other current liabilities 4,034 (1,960) 6,628
Other long-term obligations 11,090 3,865 5,895
Deferred income taxes (7,217) (2,838) (4,872)
Net cash provided by operating activities 334,055 177,625 208,499
Cash flows from investing activities:      
Purchase of property and equipment (90,855) (91,646) (74,417)
Proceeds from insurance recoveries of property and equipment 365 1,082 456
Proceeds from sale of property and equipment 1,876 1,749 555
Net cash used in investing activities (88,614) (88,815) (73,406)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 406,250 0 0
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (4,816) (8,457) 6,454
Principal payments under long-term debt and other long-term obligations (406,250) (1) (125,153)
Purchases and retirement of common stock 0 (12,473) (3,570)
Deferred financing costs (3,537) 0 0
Dividends on common stock (95,699) (71,484) (45,400)
Excess tax benefit from share-based compensation 4,705 1,248 2,332
Net cash used in financing activities (99,347) (91,167) (165,337)
Net increase (decrease) in cash and cash equivalents 146,094 (2,357) (30,244)
Cash and cash equivalents, beginning of year 119,361 121,718 151,962
Cash and cash equivalents, end of year 265,455 119,361 121,718
Cash paid during the year for:      
Interest, net of amounts capitalized 15,356 15,856 29,959
Income taxes 69,948 66,444 47,550
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 5,800 5,767 6,852
Change in fair value of interest rate swaps 1,641 3,058 23,620
Change in deferred tax asset for interest rate swaps (633) (1,179) (9,074)
Dividends declared but not yet paid $ 99,678 $ 23,997 $ 17,847