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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 29, 2021
Oct. 30, 2020
Cash flows from operating activities:    
Net income $ 33,376 $ 170,680
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,788 26,351
Amortization of debt issuance costs 479 0
Loss on disposition of property and equipment 1,870 801
Gain on sale and leaseback transaction 0 (217,722)
Share-based compensation 2,309 1,974
Noncash lease expense 14,329 13,888
Amortization of asset recognized from gain on sale and leaseback transactions 3,184 3,184
Changes in assets and liabilities:    
Inventories (21,313) (16,646)
Other current assets (1,401) (4,582)
Accounts payable 3,023 32,547
Other current liabilities (23,693) (5,083)
Deferred income taxes (151) 54,142
Other long-term assets and liabilities (14,777) (2,543)
Net cash provided by operating activities 23,023 56,991
Cash flows from investing activities:    
Purchase of property and equipment (14,097) (11,431)
Proceeds from insurance recoveries of property and equipment 44 217
Proceeds from sale of property and equipment 14 149,829
Acquisition of business, net of cash acquired (1,500) (1,500)
Net cash provided by (used in) investing activities (15,539) 137,115
Cash flows from financing activities:    
Taxes withheld from issuance of share-based compensation awards (2,309) (1,992)
Dividends on common stock (23,903) (31,491)
Net cash used in financing activities (26,212) (33,483)
Net increase (decrease) in cash and cash equivalents (18,728) 160,623
Cash and cash equivalents, beginning of period 144,593 436,996
Cash and cash equivalents, end of period 125,865 597,619
Cash paid during the period for:    
Interest, net of amounts capitalized 2,686 10,201
Income taxes 12 1
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 3,048 2,736
Change in fair value of interest rate swaps [1] 0 3,466
Change in deferred tax asset for interest rate swaps [1] 0 (865)
Dividends declared but not yet paid [1] $ 31,007 $ 612
[1] See Note 8 for additional supplemental disclosures related to leases.