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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 27, 2024
Jan. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26,066 $ 23,405
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,962 18,026
Non-cash share-based compensation 1,821 1,208
Deferred taxes (468) 218
Provision to value inventories at LIFO 916 1,288
Gain on sale of property, equipment and fixtures (174) (63)
Changes in assets and liabilities:    
Merchandise inventories (2,106) (5,487)
Patronage dividend receivable 6,609 7,189
Accounts payable to Wakefern 7,118 3,012
Accounts payable and accrued expenses 2,258 1,488
Accrued wages and benefits (2,597) (707)
Income taxes receivable / payable (9,872) (324)
Other assets and liabilities 1,141 (896)
Net cash provided by operating activities 48,674 48,357
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (34,783) (28,550)
Proceeds from the sale of assets 161 63
Investment in notes receivable from Wakefern (4,345) (61,423)
Maturity of notes receivable from Wakefern 0 28,850
Investment in real estate partnership (3,825) (3,319)
Net cash used in investing activities (42,792) (64,379)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 17,125
Principal payments of long-term debt (5,387) (4,903)
Debt issuance costs 0 (33)
Dividends (6,701) (6,507)
Treasury stock purchases (1,358) 0
Net cash (used in) provided by financing activities (13,446) 5,682
NET DECREASE IN CASH AND CASH EQUIVALENTS (7,564) (10,340)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 140,910 134,832
CASH AND CASH EQUIVALENTS, END OF PERIOD 133,346 124,492
SUPPLEMENTAL DISCLOSURES OF CASH  PAYMENTS MADE FOR:    
Interest 2,110 2,052
Income taxes 22,325 10,590
NONCASH SUPPLEMENTAL DISCLOSURES:    
Investment in Wakefern and increase in notes payable to Wakefern 38 0
Capital expenditures included in accounts payable and accrued expenses 4,275 2,806
Lease obligations obtained in exchange for right-of-use assets $ 908 $ 0