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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 27, 2018
Apr. 28, 2017
Cash flows from operating activities:    
Net income $ 186,266 $ 148,006
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,297 63,628
Loss on disposition of property and equipment 4,757 3,760
Share-based compensation 6,063 6,347
Excess tax benefit from share-based compensation 0 (1,203)
Changes in assets and liabilities:    
Inventories (624) (3,224)
Other current assets (562) 15,501
Accounts payable (13,693) (34,031)
Other current liabilities (9,269) 5,013
Other long-term assets and liabilities (20,260) (725)
Net cash provided by operating activities 220,975 203,072
Cash flows from investing activities:    
Purchase of property and equipment (101,985) (81,249)
Proceeds from insurance recoveries of property and equipment 300 388
Proceeds from sale of property and equipment 393 413
Net cash used in investing activities (101,292) (80,448)
Cash flows from financing activities:    
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (3,360) (6,031)
Purchases and retirement of common stock (14,772) 0
Dividends on common stock (88,258) (85,069)
Excess tax benefit from share-based compensation 0 1,203
Net cash used in financing activities (106,390) (89,897)
Net increase in cash and cash equivalents 13,293 32,727
Cash and cash equivalents, beginning of period 161,001 [1] 150,966
Cash and cash equivalents, end of period 174,294 183,693
Cash paid during the period for:    
Interest, net of amounts capitalized 10,213 9,880
Income taxes 32,940 54,201
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable 6,291 3,845
Change in fair value of interest rate swaps 12,779 15,727
Change in deferred tax asset for interest rate swaps (4,099) (6,015)
Dividends declared but not yet paid $ 30,035 $ 29,270
[1] This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 28, 2017, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2017.