INCOME TAXES (Tables)

12 Months Ended

Jul. 30, 2016

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes are:



	2016			2015			2014
Federal:
Current	$	13,150		$	2,424		$	10,808
Deferred	183			13,954			(6,938		)

State:
Current	4,215			(6,490		)	21,043
Deferred	(253		)	887			(1,110		)

	$	17,295		$	10,775		$	23,803

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:



	July 30, 2016		July 25, 2015
Deferred tax assets:
Leasing activities	$	7,922	$	7,882
Federal benefit of uncertain tax positions	282		230
Compensation related costs	4,209		3,696
Pension costs	11,097		13,333
Other	704		734

Total deferred tax assets	24,214		25,875

Deferred tax liabilities:
Tax over book depreciation	17,114		16,559
Patronage dividend receivable	5,270		5,193
Investment in partnerships	1,476		1,418
Other	171		172

Total deferred tax liabilities	24,031		23,342

Net deferred tax asset (liability)	$	183	$	2,533

Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 30, 2016 and July 25, 2015:



	2016		2015
Other assets	1,576		2,533
Other liabilities	(1,393	)	—

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differs from the statutory federal income tax rate as follows:



	2016		2015		2014
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	5.9	%	6.1	%	6.4	%
Unrecognized tax benefits, interest and penalties on prior year tax positions	—	%	(17.6	)%	34.9	%
Current year interest and penalties on unrecognized tax benefits	0.2	%	2.0	%	5.4	%
Other	(0.3	)%	0.5	%	0.8	%

Effective income tax rate	40.8	%	26.0	%	82.5	%

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:



	2016		2015
Balance at beginning of year	$	514	$	27,846
Additions based on tax positions related to the current year	117		76
Reductions based on tax positions related to prior periods	—		(546		)
Cash paid on settlements	—		(26,862		)

Balance at end of year	$	631	$	514