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LEASES (Tables)

9 Months Ended

Apr. 25, 2020

The Company recognized expense related to these leases in fiscal 2020 and 2019 as follows:



	13 Weeks Ended				39 Weeks Ended
Consolidated Statement of Operations Classification	April 25, 2020		April 27, 2019		April 25, 2020		April 27, 2019
Operating and administrative expense	$	677	$	—	$	2,031	$	—

Depreciation and amortization	—		91		—		305
Interest expense	—		535		—		1,612

	$	677	$	626	$	2,031	$	1,917

Supplemental cash flow information related to leases is as follows:



	39 Weeks Ended
	April 25, 2020
Cash paid for amounts in the measurement of lease liabilities
Operating cash flows from operating leases	$	13,167
Operating cash flows from finance leases	1,544
Financing cash flows from finance leases	414

The composition of total lease cost is as follows:



		13 Weeks Ended		39 Weeks Ended
	Consolidated Statement of Operations Classification	April 25, 2020		April 25, 2020
Operating lease cost	Operating and administrative expense	$	4,393	$	13,597
Finance lease cost
Amortization of leased assets	Depreciation and amortization	237		710
Interest on lease liabilities	Interest expense	512		1,544
Variable lease cost	Operating and administrative expense	3,724		11,387

Total lease cost		$	8,866	$	27,238

Operating Lease Maturity

Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, are as follows as of April 25, 2020:



	Operating leases		Finance leases		Total
Remainder of 2020	$	4,946	$	672	$	5,618
2021	16,621		2,689		19,310
2022	15,739		2,689		18,428
2023	15,412		2,689		18,101
2024	13,276		2,689		15,965
Thereafter	79,385		24,428		103,813
Total lease payments	145,379		35,856		181,235
Less amount representing interest	38,196		12,161		50,357

Present value of lease liabilities	$	107,183	$	23,695	$	130,878

Finance Lease Maturity

Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, are as follows as of April 25, 2020:



	Operating leases		Finance leases		Total
Remainder of 2020	$	4,946	$	672	$	5,618
2021	16,621		2,689		19,310
2022	15,739		2,689		18,428
2023	15,412		2,689		18,101
2024	13,276		2,689		15,965
Thereafter	79,385		24,428		103,813
Total lease payments	145,379		35,856		181,235
Less amount representing interest	38,196		12,161		50,357

Present value of lease liabilities	$	107,183	$	23,695	$	130,878

Lease Terms and Discount Rates

As of April 25, 2020, the Company's lease terms and discount rates are as follows:



	April 25, 2020
Weighted-average remaining lease term (years)
Operating leases	11.7
Finance leases	15.9
Weighted-average discount rate
Operating leases	5.3	%
Finance leases	8.5	%

Future Minimum Lease Payments for all Non-Cancelable Leases Before Adoption of ASU 2016-02

Future minimum lease payments by year and in the aggregate for all non-cancelable leases with initial terms of one year or more consisted of the following at July 27, 2019:



	Capital and financing leases		Operating leases
2020	$	5,173	$	13,573
2021	5,240		12,972
2022	5,240		10,348
2023	5,305		9,747
2024	5,342		7,457
Thereafter	43,708		61,043
Minimum lease payments	70,008		$	115,140
Less amount representing interest	28,233

Present value of minimum lease payments	41,775

Less current portion	1,022
	$	40,753