LEASES	12 Months Ended
Jul. 29, 2023
Leases [Abstract]
LEASES	LEASES Description of leasing arrangementsThe Company leases 30 retail stores, as well as a commissary, the corporate headquarters and equipment at July 29, 2023. The majority of initial lease terms range from 20 to 30 years. Most of the Company’s leases contain renewal options at increased rents of five years each at the Company’s sole discretion. These options enable Village to retain the use of facilities in desirable operating areas.The composition of total lease cost is as follows: Years ended Consolidated Statement of Operations ClassificationJuly 29,2023July 30,2022Operating lease costOperating and administrative expense$36,146 $36,909 Finance lease costAmortization of leased assetsDepreciation and amortization947 947 Interest on lease liabilitiesInterest expense1,874 1,939 Variable lease costOperating and administrative expense21,275 20,483 Total lease cost$60,242 $60,278 As of July 29, 2023 and July 30, 2022, finance lease right-of-use assets of $10,912 and $11,859, respectively, are included in property, equipment and fixtures, net in the Company's consolidated balance sheet. Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised. The Company's lease liabilities mature as follows as of July 29, 2023: Operating leasesFinance leasesTotal2024$32,033 $2,470 $34,503 202534,714 2,820 37,534 202632,909 2,893 35,802 202732,224 2,893 35,117 202830,822 2,893 33,715 Thereafter210,996 20,400 231,396 Total lease payments373,698 34,369 408,067 Less amount representing interest86,626 13,079 99,705 Present value of lease liabilities$287,072 $21,290 $308,362 The Company has approximately $31,027 of future payment obligations related to lease agreements that have not yet commenced but have been executed as of July 29, 2023. As of July 29, 2023, the Company's lease terms and discount rates are as follows: July 29,2023July 30,2022Weighted-average remaining lease term (years)Operating leases12.613.1Finance leases12.413.4Weighted-average discount rateOperating leases4.2 %4.1 %Finance leases8.5 %8.5 %Supplemental cash flow information related to leases is as follows: 20232022Cash paid for amounts in the measurement of lease liabilitiesOperating cash flows from operating leases$34,442 $35,730 Operating cash flows from finance leases1,874 1,939 Financing cash flows from finance leases815 750 Lease obligations obtained in exchange for right-of-use assets (non-cash)5,724 29,940 Related party leasesThe Company leases a supermarket from a realty firm 30% owned by certain officers of Village. The Company paid rent to related parties under this lease of $735 in both fiscal 2023 and 2022, and has a related lease obligation of $1,851 at July 29, 2023. This lease expires in fiscal 2026 with options to extend at increasing annual rent.The Company has ownership interests in four real estate partnerships. Village paid aggregate rents to two of these partnerships for leased stores of $1,568 and $1,556 in fiscal 2023 and 2022, respectively, and has related aggregate lease obligations of $15,996 at July 29, 2023. One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses.The Company subleased the Galloway and Vineland stores from Wakefern under sublease agreements which provided for combined annual rents of $413 and $959 in fiscal 2023 and 2022. Both leases contained normal periodic rent increases and options to extend the lease. The sublease agreements were terminated upon the acquisition of the Galloway store shopping center in fiscal 2022 and Vineland store shopping center in fiscal 2023 for $9,800 and $9,500, respectively.
LEASES	LEASES Description of leasing arrangementsThe Company leases 30 retail stores, as well as a commissary, the corporate headquarters and equipment at July 29, 2023. The majority of initial lease terms range from 20 to 30 years. Most of the Company’s leases contain renewal options at increased rents of five years each at the Company’s sole discretion. These options enable Village to retain the use of facilities in desirable operating areas.The composition of total lease cost is as follows: Years ended Consolidated Statement of Operations ClassificationJuly 29,2023July 30,2022Operating lease costOperating and administrative expense$36,146 $36,909 Finance lease costAmortization of leased assetsDepreciation and amortization947 947 Interest on lease liabilitiesInterest expense1,874 1,939 Variable lease costOperating and administrative expense21,275 20,483 Total lease cost$60,242 $60,278 As of July 29, 2023 and July 30, 2022, finance lease right-of-use assets of $10,912 and $11,859, respectively, are included in property, equipment and fixtures, net in the Company's consolidated balance sheet. Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised. The Company's lease liabilities mature as follows as of July 29, 2023: Operating leasesFinance leasesTotal2024$32,033 $2,470 $34,503 202534,714 2,820 37,534 202632,909 2,893 35,802 202732,224 2,893 35,117 202830,822 2,893 33,715 Thereafter210,996 20,400 231,396 Total lease payments373,698 34,369 408,067 Less amount representing interest86,626 13,079 99,705 Present value of lease liabilities$287,072 $21,290 $308,362 The Company has approximately $31,027 of future payment obligations related to lease agreements that have not yet commenced but have been executed as of July 29, 2023. As of July 29, 2023, the Company's lease terms and discount rates are as follows: July 29,2023July 30,2022Weighted-average remaining lease term (years)Operating leases12.613.1Finance leases12.413.4Weighted-average discount rateOperating leases4.2 %4.1 %Finance leases8.5 %8.5 %Supplemental cash flow information related to leases is as follows: 20232022Cash paid for amounts in the measurement of lease liabilitiesOperating cash flows from operating leases$34,442 $35,730 Operating cash flows from finance leases1,874 1,939 Financing cash flows from finance leases815 750 Lease obligations obtained in exchange for right-of-use assets (non-cash)5,724 29,940 Related party leasesThe Company leases a supermarket from a realty firm 30% owned by certain officers of Village. The Company paid rent to related parties under this lease of $735 in both fiscal 2023 and 2022, and has a related lease obligation of $1,851 at July 29, 2023. This lease expires in fiscal 2026 with options to extend at increasing annual rent.The Company has ownership interests in four real estate partnerships. Village paid aggregate rents to two of these partnerships for leased stores of $1,568 and $1,556 in fiscal 2023 and 2022, respectively, and has related aggregate lease obligations of $15,996 at July 29, 2023. One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses.The Company subleased the Galloway and Vineland stores from Wakefern under sublease agreements which provided for combined annual rents of $413 and $959 in fiscal 2023 and 2022. Both leases contained normal periodic rent increases and options to extend the lease. The sublease agreements were terminated upon the acquisition of the Galloway store shopping center in fiscal 2022 and Vineland store shopping center in fiscal 2023 for $9,800 and $9,500, respectively.

LEASES

12 Months Ended

Jul. 29, 2023

LEASES Description of leasing arrangementsThe Company leases 30 retail stores, as well as a commissary, the corporate headquarters and equipment at July 29, 2023. The majority of initial lease terms range from 20 to 30 years. Most of the Company’s leases contain renewal options at increased rents of five years each at the Company’s sole discretion. These options enable Village to retain the use of facilities in desirable operating areas.The composition of total lease cost is as follows: Years ended Consolidated Statement of Operations ClassificationJuly 29,2023July 30,2022Operating lease costOperating and administrative expense$36,146 $36,909 Finance lease costAmortization of leased assetsDepreciation and amortization947 947 Interest on lease liabilitiesInterest expense1,874 1,939 Variable lease costOperating and administrative expense21,275 20,483 Total lease cost$60,242 $60,278 As of July 29, 2023 and July 30, 2022, finance lease right-of-use assets of $10,912 and $11,859, respectively, are included in property, equipment and fixtures, net in the Company's consolidated balance sheet. Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised. The Company's lease liabilities mature as follows as of July 29, 2023: Operating leasesFinance leasesTotal2024$32,033 $2,470 $34,503 202534,714 2,820 37,534 202632,909 2,893 35,802 202732,224 2,893 35,117 202830,822 2,893 33,715 Thereafter210,996 20,400 231,396 Total lease payments373,698 34,369 408,067 Less amount representing interest86,626 13,079 99,705 Present value of lease liabilities$287,072 $21,290 $308,362 The Company has approximately $31,027 of future payment obligations related to lease agreements that have not yet commenced but have been executed as of July 29, 2023. As of July 29, 2023, the Company's lease terms and discount rates are as follows: July 29,2023July 30,2022Weighted-average remaining lease term (years)Operating leases12.613.1Finance leases12.413.4Weighted-average discount rateOperating leases4.2 %4.1 %Finance leases8.5 %8.5 %Supplemental cash flow information related to leases is as follows: 20232022Cash paid for amounts in the measurement of lease liabilitiesOperating cash flows from operating leases$34,442 $35,730 Operating cash flows from finance leases1,874 1,939 Financing cash flows from finance leases815 750 Lease obligations obtained in exchange for right-of-use assets (non-cash)5,724 29,940 Related party leasesThe Company leases a supermarket from a realty firm 30% owned by certain officers of Village. The Company paid rent to related parties under this lease of $735 in both fiscal 2023 and 2022, and has a related lease obligation of $1,851 at July 29, 2023. This lease expires in fiscal 2026 with options to extend at increasing annual rent.The Company has ownership interests in four real estate partnerships. Village paid aggregate rents to two of these partnerships for leased stores of $1,568 and $1,556 in fiscal 2023 and 2022, respectively, and has related aggregate lease obligations of $15,996 at July 29, 2023. One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses.The Company subleased the Galloway and Vineland stores from Wakefern under sublease agreements which provided for combined annual rents of $413 and $959 in fiscal 2023 and 2022. Both leases contained normal periodic rent increases and options to extend the lease. The sublease agreements were terminated upon the acquisition of the Galloway store shopping center in fiscal 2022 and Vineland store shopping center in fiscal 2023 for $9,800 and $9,500, respectively.

LEASES