Income Taxes (Tables)

12 Months Ended

Jul. 31, 2020

Income Taxes [Abstract]

Components of Provision for Income Taxes (Income Tax Benefit)

The components of the provision for income taxes (income tax benefit) for each of the three years were as follows:

	2020			2019			2018
Current:
Federal	$	(15,375	)	$	38,831		$	40,761
State		(2,115	)		8,310			6,099
Deferred:
Federal		(13,467	)		(1,427	)		(16,779	)
State		2,274			(2,759	)		722
Total provision for income taxes (income tax benefit)	$	(28,683	)	$	42,955		$	30,803

Reconciliation of Provision for Income Taxes (Income Tax Benefit) and Income Taxes Based on Statutory U.S. Federal Rate

A reconciliation of the Company’s provision for income taxes (income tax benefit) and income taxes based on the statutory U.S. federal rate of 21.0%, 21.0% and 26.9% in 2020, 2019 and 2018, respectively, was as follows:

	2020			2019			2018
Provision computed at federal statutory income tax rate	$	17,070		$	55,935		$	74,859
State and local income taxes, net of federal benefit		(263	)		4,248			5,066
Loss on unconsolidated subsidiary		(29,913	)		—			—
Federal net operating loss benefit		(1,573	)		—			—
Revaluation of deferred taxes due to a reduction in the federal tax rate at the enactment date of the Tax Act		—			—			(26,772	)
Revaluation of deferred taxes due to the impact of the change in rate on 2018 temporary items		—			—			(3,710	)
Employer tax credits for FICA taxes paid on employee tip income		(11,489	)		(15,107	)		(13,707	)
Other employer tax credits		(3,606	)		(3,537	)		(4,476	)
Other-net		1,091			1,416			(457	)
Total provision for income taxes (income tax benefit)	$	(28,683	)	$	42,955		$	30,803

Significant Components of Net Deferred Tax Liability

Significant components of the Company’s net deferred tax liability consisted of the following at:

	July 31, 2020		August 2, 2019
Deferred tax assets:
Compensation and employee benefits	$	6,559	$	6,496
Deferred rent		—		13,424
Accrued liabilities		9,587		21,379
Operating lease liabilities		168,395		—
Insurance reserves		6,772		7,571
Inventory		3,104		2,873
Deferred tax credits		19,419		—
Deferred loss on equity investment		35,281		—
Other		8,076		536
Deferred tax assets	$	257,193	$	52,279
Deferred tax liabilities:
Property and equipment	$	99,452	$	85,379
Inventory		7,144		7,363
Operating lease right-of-use asset		172,641		—
Other		5,674		3,656
Deferred tax liabilities		284,911		96,398
Net deferred tax liability	$	27,718	$	44,119

Total Gross Liability for Uncertain Tax Positions Exclusive of Interest and Penalties

Summarized below is a tabular reconciliation of the beginning and ending balance of the Company’s total gross liability for uncertain tax positions exclusive of interest and penalties:

	July 31, 2020			August 2, 2019			August 3, 2018
Balance at beginning of year	$	18,006		$	18,634		$	20,731
Tax positions related to the current year:
Additions		1,407			2,742			3,029
Reductions		—			—			—
Tax positions related to the prior year:
Additions		202			203			610
Reductions		(256	)		(348	)		(575	)
Settlements		(138	)		(1,784	)		(3,878	)
Expiration of statute of limitations		(1,386	)		(1,441	)		(1,283	)
Balance at end of year	$	17,835		$	18,006		$	18,634

Uncertain Tax Positions that, if Recognized, Would Affect Effective Tax Rate

	2020		2019		2018
Uncertain tax positions	$	14,090	$	14,225	$	14,721