XML 23 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 03, 2018
Jul. 28, 2017
Jul. 29, 2016
Cash flows from operating activities:      
Net income $ 247,620 $ 201,899 $ 189,299
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 93,692 86,319 78,223
Loss on disposition of property and equipment 7,119 5,585 7,146
Share-based compensation 6,977 8,458 13,202
Excess tax benefit from share-based compensation 0 (2,636) (2,626)
Changes in assets and liabilities:      
Accounts receivable (1,380) 1,273 (1,339)
Income taxes receivable 4,265 14,555 (13,558)
Inventories 114 (4,059) 750
Prepaid expenses and other current assets (500) (1,274) (406)
Other assets (1,400) (4,344) 130
Accounts payable 3,937 (14,098) (624)
Taxes withheld and accrued 344 (836) (1,500)
Accrued employee compensation (10,389) 9,752 (6,246)
Accrued employee benefits (1,343) (1,169) 211
Deferred revenues 3,916 8,348 5,048
Other current liabilities (8,121) 4,470 (3,705)
Other long-term obligations 157 3,461 (6,269)
Deferred income taxes (14,388) 5,063 13,642
Net cash provided by operating activities 330,620 320,767 271,378
Cash flows from investing activities:      
Purchase of property and equipment (152,249) (110,591) (114,022)
Proceeds from insurance recoveries of property and equipment 616 483 662
Proceeds from sale of property and equipment 411 503 845
Net cash used in investing activities (151,222) (109,605) (112,515)
Cash flows from financing activities:      
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (3,816) (6,896) (5,779)
Purchases and retirement of common stock (14,772) 0 (14,653)
Dividends on common stock (207,155) (196,867) (255,546)
Excess tax benefit from share-based compensation 0 2,636 2,626
Net cash used in financing activities (225,743) (201,127) (273,352)
Net (decrease) increase in cash and cash equivalents (46,345) 10,035 (114,489)
Cash and cash equivalents, beginning of year 161,001 150,966 265,455
Cash and cash equivalents, end of year 114,656 161,001 150,966
Cash paid during the year for:      
Interest, net of amounts capitalized 17,272 12,847 12,752
Income taxes 43,471 78,092 84,868
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 8,183 6,743 6,379
Change in fair value of interest rate swaps 13,103 15,402 (16,188)
Change in deferred tax asset for interest rate swaps (4,189) (5,891) 6,173
Dividends declared but not yet paid $ 31,784 $ 31,296 $ 30,625