LEASES (Tables)

12 Months Ended

Jul. 25, 2020

Leases [Abstract]

Total Lease Cost

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

	52 Weeks Ended
Consolidated Statement of Operations Classification	July 25, 2020		July 27, 2019
Operating and administrative expense	$	2,708	$	—
Depreciation and amortization	—		396
Interest expense	—		2,145
	$	2,708	$	2,541

The composition of total lease cost is as follows:

		Years ended
	Consolidated Statement of Operations Classification	July 25, 2020
Operating lease cost	Operating and administrative expense	$	22,911
Finance lease cost
Amortization of leased assets	Depreciation and amortization	947
Interest on lease liabilities	Interest expense	2,059
Variable lease cost	Operating and administrative expense	16,473
Total lease cost		$	42,390

Supplemental cash flow information related to leases is as follows:

	2020
Cash paid for amounts in the measurement of lease liabilities
Operating cash flows from operating leases	$	21,287
Operating cash flows from finance leases	2,059
Financing cash flows from finance leases	572

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 July 25, 2020:

	Operating leases		Finance leases		Total
2021	$	34,103	$	2,689	$	36,792
2022	35,555		2,689		38,244
2023	35,186		2,689		37,875
2024	33,298		2,689		35,987
2025	31,950		2,820		34,770
Thereafter	242,775		29,081		271,856
Total lease payments	412,867		42,657		455,524
Less amount representing interest	95,719		19,113		114,832
Present value of lease liabilities	$	317,148	$	23,544	$	340,692

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 July 25, 2020:

	Operating leases		Finance leases		Total
2021	$	34,103	$	2,689	$	36,792
2022	35,555		2,689		38,244
2023	35,186		2,689		37,875
2024	33,298		2,689		35,987
2025	31,950		2,820		34,770
Thereafter	242,775		29,081		271,856
Total lease payments	412,867		42,657		455,524
Less amount representing interest	95,719		19,113		114,832
Present value of lease liabilities	$	317,148	$	23,544	$	340,692

Lease Terms and Discount Rates

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

	July 25, 2020
Weighted-average remaining lease term (years)
Operating leases	13.3
Finance leases	15.4
Weighted-average discount rate
Operating leases	3.9	%
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