XML 30 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 25, 2015
Jul. 26, 2014
Jul. 27, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 30,620 $ 5,045 $ 25,784
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,330 22,274 20,354
Non-cash share-based compensation 3,169 3,229 3,222
Deferred taxes 14,841 (8,048) (3,499)
Provision to value inventories at LIFO 124 (216) (56)
Income from partnerships 0 0 (1,450)
Changes in assets and liabilities:      
Merchandise inventories (1,202) (2,963) (860)
Patronage dividend receivable 92 (1,113) (1,036)
Accounts payable to Wakefern (5,372) 4,244 4,024
Accounts payable and accrued expenses 1,329 3,228 (1,778)
Accrued wages and benefits (3,739) 4,146 1,908
Income taxes receivable / payable (47,539) 24,144 4,147
Other assets and liabilities 1,815 (1,523) 513
Net cash provided by operating activities 17,468 52,447 51,273
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (23,517) (50,322) (21,888)
Investment in notes receivable from Wakefern (823) (41,597) (1,503)
Maturity of notes receivable from Wakefern 0 23,420 0
Proceeds from partnerships 0 0 1,980
Net cash used in investing activities (24,340) (68,499) (21,411)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options 2,392 217 1,742
Excess tax benefit related to share-based compensation 436 46 542
Principal payments of long-term debt (1,691) (1,429) (1,630)
Dividends (12,577) (12,432) (24,048)
Treasury stock purchases 0 (2,569) 0
Net cash used in financing activities (11,440) (16,167) (23,394)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (18,312) (32,219) 6,468
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 77,352 109,571 103,103
CASH AND CASH EQUIVALENTS, END OF YEAR 59,040 77,352 109,571
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:      
Interest 4,446 4,240 4,012
Income taxes 43,038 7,661 17,665
NONCASH SUPPLEMENTAL DISCLOSURES:      
Capital lease obligations $ 0 $ 3,525 $ 0