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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 29, 2023
Jul. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 49,716 $ 26,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,711 34,705
Non-cash share-based compensation 3,274 2,297
Non-cash pension settlement charges 0 10,856
Deferred taxes (2,088) (5,093)
Provision to value inventories at LIFO 2,622 3,295
Loss (Gain) on sale of assets 257 (346)
Changes in assets and liabilities:    
Merchandise inventories (2,947) (4,852)
Patronage dividend receivable (227) (379)
Accounts payable to Wakefern 928 6,550
Accounts payable and accrued expenses 4,436 (1,759)
Accrued wages and benefits 2,632 2,185
Income taxes receivable / payable 9,737 2,976
Other assets and liabilities 462 2,360
Net cash provided by operating activities 104,513 79,625
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (46,400) (43,270)
Proceeds from the sale of assets 262 4,352
Investment in notes receivable from Wakefern (65,275) (2,489)
Investment in real estate partnerships (5,865) (5,010)
Maturity of notes receivable from Wakefern 28,850 0
Net cash used in investing activities (88,428) (46,417)
CASH FLOWS FROM FINANCING ACTIVITIES    
Excess tax benefit related to share-based compensation 279 0
Proceeds from issuance of long-term debt 17,125 7,350
Principal payments of long-term debt (10,446) (8,299)
Debt issuance costs (33) (51)
Dividends (13,193) (13,041)
Treasury stock purchases, including shares surrendered for withholding taxes (3,739) (649)
Net cash used in financing activities (10,007) (14,690)
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,078 18,518
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 134,832 116,314
CASH AND CASH EQUIVALENTS, END OF YEAR 140,910 134,832
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR:    
Interest 4,220 3,907
Income taxes 15,080 20,685
Capital expenditures included in accounts payable and accrued expenses $ 5,591 $ 3,784