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INCOME TAXES
12 Months Ended
Jul. 29, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe components of the provision for income taxes are: 20232022Federal:  Current$14,749 $10,766 Deferred(1,274)(3,547)State:  Current10,348 6,561 Deferred(814)(1,546) $23,009 $12,234 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:  July 29,2023July 30,2022Deferred tax assets:  Lease liabilities$89,638 $100,275 Compensation related costs4,705 3,618 Pension costs1,544 1,536 Other730 710 Total deferred tax assets96,617 106,139 Deferred tax liabilities:  Tax over book depreciation20,242 20,859 Lease assets81,676 92,375 Patronage dividend receivable3,457 3,950 Investment in partnerships1,107 1,164 Other3,079 2,206 Total deferred tax liabilities109,561 120,554 Net deferred tax liability$(12,944)$(14,415) Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 29, 2023 and July 30, 2022: July 29,2023July 30,2022Other assets1,245 515 Other liabilities(14,189)(14,930)A valuation allowance is provided when it is more likely than not that some portion of the deferred tax assets will not be realized. In management’s opinion, in view of the Company’s previous, current and projected taxable income and reversal of deferred tax liabilities, such tax assets will more likely than not be fully realized. Accordingly, no valuation allowance was deemed to be required at July 29, 2023 and July 30, 2022.The effective income tax rate differs from the statutory federal income tax rate as follows: 20232022Statutory federal income tax rate21.0 %21.0 %State income taxes, net of federal tax benefit9.9 %10.1 %Other0.7 %0.2 %Effective income tax rate31.6 %31.3 %The Company is not currently under audit by any tax authorities, but is open to examination with varying statutes of limitations, generally ranging from three to four years.