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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 27, 2017
Jan. 29, 2016
Cash flows from operating activities:    
Net income $ 101,082 $ 89,107
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,830 37,783
Loss on disposition of property and equipment 2,472 2,667
Share-based compensation 4,011 4,955
Excess tax benefit from share-based compensation (1,203) (1,948)
Changes in assets and liabilities:    
Inventories (3,571) 2,099
Other current assets 11,765 (2,471)
Accounts payable (32,105) (41,643)
Deferred revenue 32,820 28,222
Other current liabilities (6,894) (33,299)
Other long-term assets and liabilities (705) 141
Net cash provided by operating activities 149,502 85,613
Cash flows from investing activities:    
Purchase of property and equipment (53,194) (36,972)
Proceeds from insurance recoveries of property and equipment 260 175
Proceeds from sale of property and equipment 412 472
Net cash used in investing activities (52,522) (36,325)
Cash flows from financing activities:    
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (6,031) (5,343)
Purchases and retirement of common stock 0 (14,653)
Dividends on common stock (57,420) (125,052)
Excess tax benefit from share-based compensation 1,203 1,948
Net cash used in financing activities (62,248) (143,100)
Net increase (decrease) in cash and cash equivalents 34,732 (93,812)
Cash and cash equivalents, beginning of period 150,966 [1] 265,455
Cash and cash equivalents, end of period 185,698 171,643
Cash paid during the period for:    
Interest, net of amounts capitalized 6,582 6,331
Income taxes 28,801 37,662
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable 2,559 2,988
Change in fair value of interest rate swaps 17,500 (9,930)
Change in deferred tax asset for interest rate swaps (6,693) 3,780
Dividends declared but not yet paid $ 28,997 $ 27,877
[1] This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of July 29, 2016, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended July 29, 2016.