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LEASES (Tables)

12 Months Ended

Jul. 31, 2021

The composition of total lease cost is as follows:


		Years ended
	Consolidated Statement of Operations Classification	July 31, 2021		July 25, 2020
Operating lease cost	Operating and administrative expense	$	37,677	$	22,911
Finance lease cost
Amortization of leased assets	Depreciation and amortization	947		947
Interest on lease liabilities	Interest expense	2,000		2,059
Variable lease cost	Operating and administrative expense	19,479		16,473

Total lease cost		$	60,103	$	42,390

Supplemental cash flow information related to leases is as follows:



	2021		2020
Cash paid for amounts in the measurement of lease liabilities
Operating cash flows from operating leases	$	34,768	$	21,287
Operating cash flows from finance leases	2,000		2,059
Financing cash flows from finance leases	689		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 31, 2021:


	Operating leases		Finance leases		Total
2022	$	32,984	$	2,470	$	35,454
2023	35,988		2,689		38,677
2024	34,005		2,689		36,694
2025	32,563		2,820		35,383
2026	31,758		2,893		34,651
Thereafter	214,944		26,187		241,131
Total lease payments	382,242		39,748		421,990
Less amount representing interest	82,480		16,892		99,372

Present value of lease liabilities	$	299,762	$	22,856	$	322,618

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 31, 2021:


	Operating leases		Finance leases		Total
2022	$	32,984	$	2,470	$	35,454
2023	35,988		2,689		38,677
2024	34,005		2,689		36,694
2025	32,563		2,820		35,383
2026	31,758		2,893		34,651
Thereafter	214,944		26,187		241,131
Total lease payments	382,242		39,748		421,990
Less amount representing interest	82,480		16,892		99,372

Present value of lease liabilities	$	299,762	$	22,856	$	322,618

Lease Terms and Discount Rates

As of July 31, 2021, the Company's lease terms and discount rates are as follows:


	July 31, 2021		July 25, 2020
Weighted-average remaining lease term (years)
Operating leases	12.5		13.3
Finance leases	14.4		15.4
Weighted-average discount rate
Operating leases	3.9	%	3.9	%
Finance leases	8.5	%	8.5	%