XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 02, 2018
Oct. 27, 2017
Cash flows from operating activities:    
Net income $ 47,207 $ 46,380
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,838 21,631
Loss on disposition of property and equipment 3,056 1,204
Share-based compensation 2,089 2,035
Changes in assets and liabilities:    
Inventories (25,316) (35,114)
Other current assets (6,691) 871
Accounts payable 8,824 11,732
Other current liabilities 3,633 (10,169)
Other long-term assets and liabilities 1,987 (293)
Net cash provided by operating activities 59,627 38,277
Cash flows from investing activities:    
Purchase of property and equipment (37,070) (30,613)
Proceeds from insurance recoveries of property and equipment 324 86
Proceeds from sale of property and equipment 80 110
Net cash used in investing activities (36,666) (30,417)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 400,000 0
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (2,016) (3,383)
Principal payments under long-term debt (400,000) 0
Purchases and retirement of common stock 0 (14,772)
Deferred financing costs (3,022) 0
Dividends on common stock (30,948) (30,513)
Net cash used in financing activities (35,986) (48,668)
Net decrease in cash and cash equivalents (13,025) (40,808)
Cash and cash equivalents, beginning of period 114,656 [1] 161,001
Cash and cash equivalents, end of period 101,631 120,193
Cash paid during the period for:    
Interest, net of amounts capitalized 2,570 3,340
Income taxes 219 194
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable 10,075 6,356
Change in fair value of interest rate swaps 1,699 3,055
Change in deferred tax asset for interest rate swaps (406) (1,168)
Dividends declared but not yet paid $ 31,010 $ 29,735
[1] This Condensed Consolidated Balance Sheet has been derived from the audited Consolidated Balance Sheet as of August 3, 2018, as filed with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2018.