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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 29, 2022
Jan. 23, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,457 $ 7,916
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,549 18,222
Non-cash share-based compensation 1,214 1,252
Deferred taxes (1,233) (1,456)
Provision to value inventories at LIFO 521 0
Gain on sale of property, equipment and fixtures (220) (84)
Changes in assets and liabilities:    
Merchandise inventories (2,138) (4,973)
Patronage dividend receivable 6,948 6,808
Accounts payable to Wakefern 7,767 (2,124)
Accounts payable and accrued expenses (2,129) (1,158)
Accrued wages and benefits (831) (957)
Income taxes receivable / payable (4,860) 3,835
Other assets and liabilities 229 (2,370)
Net cash provided by operating activities 40,274 24,911
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (30,483) (9,958)
Proceeds from the sale of assets 4,225 107
Investment in notes receivable from Wakefern (1,190) (1,141)
Net cash used in investing activities (27,448) (10,992)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 7,350 50,000
Principal payments of long-term debt (3,975) (4,091)
Payments on revolving line of credit 0 (50,000)
Debt issuance costs (4) (222)
Dividends (6,525) (6,523)
Treasury stock purchases, including shares surrendered for withholding taxes (89) 0
Net cash used in financing activities (3,243) (10,836)
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,583 3,083
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 116,314 111,681
CASH AND CASH EQUIVALENTS, END OF PERIOD 125,897 114,764
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 1,932 1,969
Income taxes 13,810 985
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 0 66
Capital expenditures included in accounts payable and accrued expenses $ 3,247 $ 5,138