XML 25 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY INFORMATION - WAKEFERN
9 Months Ended
Apr. 28, 2018
Related Party Transactions [Abstract]  
RELATED PARTY INFORMATION - WAKEFERN
RELATED PARTY INFORMATION - WAKEFERN
 
A description of the Company’s transactions with Wakefern, its principal supplier, and with other related parties is included in the Company’s Annual Report on Form 10-K for the year ended July 29, 2017.  There have been no significant changes in the Company’s relationships or nature of transactions with related parties during the first 39 weeks of fiscal 2018 except for the maturity of $22,172 in notes receivable from Wakefern that earned interest at the prime rate plus .25% on August 15, 2017. The Company invested $22,000 of the proceeds received in variable rate notes receivable from Wakefern that earn interest at the prime rate plus 1.25% and mature on August 15, 2022.  Wakefern has the right to prepay these notes at any time. Under certain conditions, the Company can require Wakefern to prepay the notes, although interest earned since inception would be reduced as if it was earned based on overnight money market rates as paid by Wakefern on demand deposits.

Included in cash and cash equivalents at April 28, 2018 and July 29, 2017 are $58,042 and $60,037, respectively, of demand deposits invested at Wakefern at overnight money market rates.