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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Jul. 28, 2017
USD ($)
Jul. 29, 2016
USD ($)
Jul. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income $ 201,899 $ 189,299 $ 163,903
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 86,319 78,223 72,955
Loss on disposition of property and equipment 5,585 7,146 6,872
Share-based compensation 8,458 13,202 16,210
Excess tax benefit from share-based compensation (2,636) (2,626) (4,705)
Changes in assets and liabilities:      
Accounts receivable 1,273 (1,339) 4,654
Income taxes receivable 14,555 (13,558) 2,973
Inventories (4,059) 750 12,368
Prepaid expenses and other current assets (1,274) (406) (2,170)
Other assets (4,344) 130 (1,659)
Accounts payable (14,098) (624) 34,640
Taxes withheld and accrued (836) (1,500) 2,800
Accrued employee compensation 9,752 (6,246) 6,485
Accrued employee benefits (1,169) 211 1,667
Deferred revenue 8,348 5,048 9,155
Other current liabilities 4,470 (3,705) 4,034
Other long-term obligations 3,461 (6,269) 11,090
Deferred income taxes 5,063 13,642 (7,217)
Net cash provided by operating activities 320,767 271,378 334,055
Cash flows from investing activities:      
Purchase of property and equipment (110,591) (114,022) (90,855)
Proceeds from insurance recoveries of property and equipment 483 662 365
Proceeds from sale of property and equipment 503 845 1,876
Net cash used in investing activities (109,605) (112,515) (88,614)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0 0 406,250
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (6,896) (5,779) (4,816)
Principal payments under long-term debt and other long-term obligations 0 0 (406,250)
Purchases and retirement of common stock 0 (14,653) 0
Deferred financing costs 0 0 (3,537)
Dividends on common stock (196,867) (255,546) (95,699)
Excess tax benefit from share-based compensation 2,636 2,626 4,705
Net cash used in financing activities (201,127) (273,352) (99,347)
Net increase (decrease) in cash and cash equivalents 10,035 (114,489) 146,094
Cash and cash equivalents, beginning of year 150,966 265,455 119,361
Cash and cash equivalents, end of year 161,001 150,966 265,455
Cash paid during the year for:      
Interest, net of amounts capitalized 12,847 12,752 15,356
Income taxes 78,092 84,868 69,948
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 6,743 6,379 5,800
Change in fair value of interest rate swaps 15,402 (16,188) 1,641
Change in deferred tax asset for interest rate swaps (5,891) 6,173 (633)
Dividends declared but not yet paid $ 31,296 $ 30,625 $ 99,678