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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 28, 2023
Jan. 29, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,405 $ 17,457
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,026 17,549
Non-cash share-based compensation 1,208 1,214
Deferred taxes 218 (1,233)
Provision to value inventories at LIFO 1,288 521
Gain on sale of property, equipment and fixtures (63) (220)
Changes in assets and liabilities:    
Merchandise inventories (5,487) (2,138)
Patronage dividend receivable 7,189 6,948
Accounts payable to Wakefern 3,012 7,767
Accounts payable and accrued expenses 1,488 (2,129)
Accrued wages and benefits (707) (831)
Income taxes receivable / payable (324) (4,860)
Other assets and liabilities (896) 229
Net cash provided by operating activities 48,357 40,274
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (28,550) (30,483)
Proceeds from the sale of assets 63 4,225
Investment in notes receivable from Wakefern (61,423) (1,190)
Maturity of notes receivable from Wakefern 28,850 0
Investment in real estate partnership (3,319) 0
Net cash used in investing activities (64,379) (27,448)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 17,125 7,350
Principal payments of long-term debt (4,903) (3,975)
Debt issuance costs (33) (4)
Dividends (6,507) (6,525)
Treasury stock purchases, including shares surrendered for withholding taxes 0 (89)
Net cash provided by (used in) financing activities 5,682 (3,243)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,340) 9,583
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 134,832 116,314
CASH AND CASH EQUIVALENTS, END OF PERIOD 124,492 125,897
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 2,052 1,932
Income taxes 10,590 13,810
NONCASH SUPPLEMENTAL DISCLOSURES:    
Capital expenditures included in accounts payable and accrued expenses $ 2,806 $ 3,247