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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Apr. 29, 2011
Apr. 30, 2010
Cash flows from operating activities:    
Net income $ 67,665 $ 57,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,537 45,629
(Gain) loss on disposition of property and equipment (2,062) 2,943
Impairment 2,175 2,263
Share-based compensation 7,335 10,088
Excess tax benefit from share-based compensation (2,338) (4,841)
Changes in assets and liabilities:    
Inventories 12,084 16,969
Other current assets (560) 4,324
Accounts payable (33,964) (13,930)
Accrued employee compensation (13,430) 5,222
Other current liabilities (89) 1,675
Other long-term assets and liabilities 5,825 8,568
Net cash provided by operating activities 89,178 136,755
Cash flows from investing activities:    
Purchase of property and equipment (59,410) (40,218)
Proceeds from sale of property and equipment 8,124 229
Proceeds from insurance recoveries of property and equipment 126 224
Net cash used in investing activities (51,160) (39,765)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 112,000 339,600
Principal payments under long-term debt and other long-term obligations (117,233) (384,687)
Proceeds from exercise of share-based compensation awards 20,107 35,565
Excess tax benefit from share-based compensation 2,338 4,841
Purchases and retirement of common stock (25,644) (7,799)
Deferred financing costs 0 (2,908)
Dividends on common stock (14,800) (13,820)
Net cash used in financing activities (23,232) (29,208)
Net increase in cash and cash equivalents 14,786 67,782
Cash and cash equivalents, beginning of period 47,700 [1] 11,609
Cash and cash equivalents, end of period 62,486 79,391
Cash paid during the period for:    
Interest, excluding interest rate swap payments, net of amounts capitalized 10,377 11,262
Interest rate swaps 22,878 22,741
Income taxes 27,726 17,577
Supplemental schedule of non-cash financing activity:    
Change in fair value of interest rate swaps 14,970 (510)
Change in deferred tax asset for interest rate swaps $ (3,065) $ 1,742
[1] This condensed consolidated balance sheet has been derived from the audited consolidated balance sheet as of July 30, 2010, as filed in the Company's Annual Report on Form 10-K for the fiscal year ended July 30, 2010.