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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 29, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 98,516 $ 218,150
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,288 80,932
Amortization of debt issuance costs 1,326 0
Loss on disposition of property and equipment 4,140 2,669
Gain on sale and leaseback transaction 0 (217,722)
Share-based compensation 6,418 7,188
Noncash lease expense 43,646 41,601
Amortization of asset recognized from gain on sale and leaseback transactions 9,551 9,551
Changes in assets and liabilities:    
Inventories (54,040) 6,709
Other current assets (5,073) (9,896)
Accounts payable (9,740) 10,161
Other current liabilities 5,690 24,164
Deferred income taxes (7,564) 70,581
Long-term operating lease liabilities (44,495) (46,202)
Other long-term assets and liabilities (19,307) 14,651
Net cash provided by operating activities 106,356 212,537
Cash flows from investing activities:    
Purchase of property and equipment (59,982) (45,135)
Proceeds from insurance recoveries of property and equipment 1,175 1,020
Proceeds from sale of property and equipment 44 149,910
Acquisition of business, net of cash acquired (1,500) (1,500)
Net cash provided by (used in) investing activities (60,263) 104,295
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 45,000 60,000
Taxes withheld from issuance of share-based compensation awards (2,546) (2,127)
Principal payments under long-term debt (50,049) (395,049)
Purchases and retirement of common stock (73,417) 0
Deferred financing costs 0 (420)
Dividends on common stock (84,901) (31,645)
Net cash used in financing activities (165,913) (369,241)
Net decrease in cash and cash equivalents (119,820) (52,409)
Cash and cash equivalents, beginning of period 144,593 436,996
Cash and cash equivalents, end of period 24,773 384,587
Cash paid during the period for:    
Interest, net of amounts capitalized 5,399 30,522
Income taxes 20,261 1,435
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 4,006 3,497
Change in fair value of interest rate swaps [1] 0 8,827
Change in deferred tax asset for interest rate swaps [1] 0 (2,202)
Dividends declared but not yet paid [1] $ 30,668 $ 525
[1] See Note 8 for additional supplemental disclosures related to leases.