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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 28, 2022
Jan. 29, 2021
Cash flows from operating activities:    
Net income $ 71,000 $ 184,680
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,362 53,770
Amortization of debt issuance costs 911 0
Loss on disposition of property and equipment 2,737 1,933
Gain on sale and leaseback transaction 0 (217,722)
Share-based compensation 4,512 3,966
Noncash lease expense 28,908 27,704
Amortization of asset recognized from gain on sale and leaseback transactions 6,368 6,368
Changes in assets and liabilities:    
Inventories (15,563) 4,323
Other current assets (1,375) (26,178)
Accounts payable (11,237) 14,804
Other current liabilities 20,065 8,004
Deferred income taxes (323) 65,347
Long-term operating lease liabilities (28,856) (32,546)
Other long-term obligations (19,957) 30,085
Other long-term assets (759) (3,222)
Net cash provided by operating activities 107,793 121,316
Cash flows from investing activities:    
Purchase of property and equipment (30,438) (29,470)
Proceeds from insurance recoveries of property and equipment 675 246
Proceeds from sale of property and equipment 33 149,877
Acquisition of business, net of cash acquired (1,500) (1,500)
Net cash provided by (used in) investing activities (31,230) 119,153
Cash flows from financing activities:    
Taxes withheld from issuance of share-based compensation awards (2,546) (1,999)
Principal payments under long-term debt (50,049) (75,049)
Purchases and retirement of common stock (34,230) 0
Dividends on common stock (54,622) (31,578)
Net cash used in financing activities (141,447) (108,626)
Net increase (decrease) in cash and cash equivalents (64,884) 131,843
Cash and cash equivalents, beginning of period 144,593 436,996
Cash and cash equivalents, end of period 79,709 568,839
Cash paid during the period for:    
Interest, net of amounts capitalized 4,704 20,434
Income taxes 4,156 1,038
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 2,352 2,821
Change in fair value of interest rate swaps [1] 0 4,886
Change in deferred tax asset for interest rate swaps [1] 0 (1,219)
Dividends declared but not yet paid [1] $ 30,837 $ 572
[1] See Note 8 for additional supplemental disclosures related to leases.