INCOME TAXES (Tables)

12 Months Ended

Jul. 25, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes are:

	2020		2019
Federal:
Current	$	(8,023)	$	7,669
Deferred	10,846		(1,149)
State:
Current	3,627		4,198
Deferred	344		(734)
	$	6,794	$	9,984

Schedule of Deferred Tax Assets and Liabilities

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

	July 25, 2020		July 27, 2019
Deferred tax assets:
Lease liabilities	$	98,149	$	11,118
Tax credit carryforward	508		—
Compensation related costs	2,945		4,750
Pension costs	1,881		1,474
Other	752		406
Total deferred tax assets	104,235		17,748
Deferred tax liabilities:
Tax over book depreciation	23,626		13,481
Lease assets	92,021		3,302
Patronage dividend receivable	3,133		3,270
Investment in partnerships	1,076		1,034
Other	178		123
Total deferred tax liabilities	120,034		21,210
Net deferred tax liability	$	(15,799)	$	(3,462)

Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 25, 2020 and July 27, 2019:

	2020	2019
Other assets	702	1,406
Other liabilities	(16,501)	(4,868)

Schedule of Effective Income Tax Rate Reconciliation

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

	2020		2019
Statutory federal income tax rate	21.0	%	21.0	%
State income taxes, net of federal tax benefit	9.9	%	9.8	%
Settlement of tax audits	—	%	(2.2)	%
Federal net operating loss carryback	(7.9)	%	—	%
Other	(1.6)	%	(0.5)	%
Effective income tax rate	21.4	%	28.1	%

Schedule of Unrecognized Tax Benefits Roll Forward

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

	2020		2019
Balance at beginning of year	$	—	$	648
Reductions based on settlement of tax audits	—		(648)
Balance at end of year	$	—	$	—