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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Aug. 01, 2015
Net Income $ 130,155 $ 125,766 $ 138,734
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 86,051 71,006 63,800
Deferred income tax (benefit) expense (1,891) 12,480 15,339
Share-based compensation 25,675 15,308 13,981
Excess tax deficit (benefit) from share-based payment arrangements 1,320 83 (2,746)
Loss (gain) on disposals of property and equipment 943 458 (499)
Restructuring and asset impairment 640 758 803
Gain associated with acquisition of land 0 0 (2,824)
Gain associated with disposal of investment (6,106) 0 0
Provision for doubtful accounts 5,728 6,426 5,059
Non-cash interest (income) expense 175 (106) 389
Changes in assets and liabilities, net of acquired companies:      
Accounts receivable (38,757) 29,417 (42,257)
Inventories (6,929) 2,113 (153,701)
Prepaid expenses and other assets (6,383) 5,381 4,541
Accounts payable 90,217 14,379 16,001
Accrued expenses and other liabilities (62) 13,140 (7,756)
Net cash provided by operating activities 280,776 296,609 48,864
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (56,112) (41,375) (129,134)
Purchases of acquired businesses, net of cash acquired (9,207) (306,724) (8,036)
Long-term investment (2,000) 0 (3,000)
Gain associated with disposal of investment 9,192 0 0
Payment of company owned life insurance premiums (2,000) (2,925) (2,925)
Proceeds from disposals of property and equipment 168 109 1,026
Net cash used in investing activities (59,959) (350,915) (142,069)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings under revolving credit line 215,662 709,972 728,316
Repayments of borrowings under revolving credit line (418,693) (646,481) (779,461)
Proceeds from issuance of long-term debt 0 0 150,000
Repayments of long-term debt (11,546) (11,255) (11,197)
(Decrease) increase in bank overdraft (7,445) 6,063 5,003
Proceeds from exercise of stock options 274 2,011 3,415
Payment of employee restricted stock tax withholdings (1,313) (1,717) (2,430)
Excess tax (deficit) benefit from share-based payment arrangements (1,320) (83) 2,746
Capitalized debt issuance costs (180) (2,164) (1,965)
Net cash (used in) provided by financing activities (224,561) 56,346 94,427
Effect of exchange rate changes on cash and cash equivalents 565 (827) 42
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (3,179) 1,213 1,264
Cash and cash equivalents at beginning of period 18,593 17,380 16,116
Cash and cash equivalents at end of period 15,414 18,593 17,380
Supplemental disclosures of cash flow information:      
Non-cash financing activity 0 0 14,088
Non-cash investing activity 0 0 14,088
Cash paid for interest 17,115 16,696 14,632
Cash paid for federal and state income taxes, net of refunds $ 78,984 $ 67,028 $ 72,357