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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Aug. 02, 2019
USD ($)
Aug. 03, 2018
USD ($)
Jul. 28, 2017
USD ($)
Cash flows from operating activities:      
Net income $ 223,401 $ 247,620 $ 201,899
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 107,537 93,692 86,319
Loss on disposition of property and equipment 10,265 7,119 5,585
Share-based compensation 8,181 6,977 8,458
Excess tax benefit from share-based compensation 0 0 (2,636)
Changes in assets and liabilities:      
Accounts receivable (3,261) (1,380) 1,273
Income taxes receivable (9,449) 4,265 14,555
Inventories 1,295 114 (4,059)
Prepaid expenses and other current assets (1,985) (500) (1,274)
Other assets 2,852 (1,400) (4,344)
Accounts payable 9,889 3,937 (14,098)
Taxes withheld and accrued 1,127 344 (836)
Accrued employee compensation 7,311 (10,389) 9,752
Accrued employee benefits (489) (1,343) (1,169)
Deferred revenues 5,442 3,916 8,348
Other current liabilities 3,492 (8,121) 4,470
Other long-term obligations 1,362 157 3,461
Deferred income taxes (4,174) (14,388) 5,063
Net cash provided by operating activities 362,796 330,620 320,767
Cash flows from investing activities:      
Purchase of property and equipment (138,293) (152,249) (110,591)
Proceeds from insurance recoveries of property and equipment 753 616 483
Proceeds from sale of property and equipment 151 411 503
Purchase of investment in unconsolidated subsidiary (89,100) 0 0
Notes receivable from unconsolidated subsidiary (15,085) 0 0
Net cash used in investing activities (241,574) (151,222) (109,605)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 400,000 0 0
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (2,497) (3,816) (6,896)
Principal payments under long-term debt (400,000) 0 0
Purchases and retirement of common stock 0 (14,772) 0
Deferred financing costs (3,022) 0 0
Dividends on common stock (193,475) (207,155) (196,867)
Excess tax benefit from share-based compensation 0 0 2,636
Net cash used in financing activities (198,994) (225,743) (201,127)
Net (decrease) increase in cash and cash equivalents (77,772) (46,345) 10,035
Cash and cash equivalents, beginning of year 114,656 161,001 150,966
Cash and cash equivalents, end of year 36,884 114,656 161,001
Cash paid during the year for:      
Interest, net of amounts capitalized 12,100 17,272 12,847
Income taxes 56,450 43,471 78,092
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 9,508 8,183 6,743
Change in fair value of interest rate swaps (15,466) 13,103 15,402
Change in deferred tax asset for interest rate swaps 3,868 (4,189) (5,891)
Dividends declared but not yet paid $ 32,859 $ 31,784 $ 31,296