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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 23, 2021
Jan. 25, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,916 $ 4,572
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,222 15,237
Non-cash share-based compensation 1,252 1,541
Loss on pension settlements 0 1,246
Deferred taxes (1,456) (291)
Gain on sale of property, equipment and fixtures (84) 0
Changes in assets and liabilities:    
Merchandise inventories (4,973) (2,810)
Patronage dividend receivable 6,808 7,467
Accounts payable to Wakefern (2,124) 10,109
Accounts payable and accrued expenses (1,158) (3,957)
Accrued wages and benefits (957) (1,043)
Income taxes receivable / payable 3,835 (1,880)
Other assets and liabilities (2,370) (2,430)
Net cash provided by operating activities 24,911 27,761
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (9,958) (38,121)
Proceeds from the sale of assets 107 0
Investment in notes receivable from Wakefern (1,141) (1,546)
Acquisition deposit in escrow 0 (6,860)
Acquisition of Gourmet Garage, net of cash acquired 0 64
Net cash used in investing activities (10,992) (46,463)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 50,000 0
Principal payments of long-term debt (4,091) (336)
Payments on revolving line of credit (50,000) 0
Debt issuance costs (222) 0
Dividends (6,523) (6,438)
Treasury stock purchases 0 (249)
Net cash used in financing activities (10,836) (7,023)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,083 (25,725)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 111,681 101,121
CASH AND CASH EQUIVALENTS, END OF PERIOD 114,764 75,396
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Interest 1,969 1,135
Income taxes 985 4,132
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 66 93
Capital expenditures included in accounts payable and accrued expenses $ 5,138 $ 5,453