XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
6 Months Ended
Jan. 27, 2023
Leases [Abstract]  
Components of Lease Cost for Operating Leases

The following table summarizes the components of lease cost for operating leases for the quarters and six months ended January 27, 2023 and January 28, 2022:

   
Quarter Ended
   
Six Months Ended
 

 
January 27,
2023
   
January 28,
2022
   
January 27,
2023
   
January 28,
2022
 
Operating lease cost
 
$
27,363
   
$
27,150
   
$
54,889
   
$
54,142
 
Short term lease cost
   
2,270
     
2,058
     
2,497
     
2,225
 
Variable lease cost
   
844
     
642
     
1,954
     
1,230
 
Total lease cost
 
$
30,477
   
$
29,850
   
$
59,340
   
$
57,597
 
Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

The following table summarizes supplemental cash flow information and non-cash activity related to the Company’s operating leases for the quarters and six months ended January 27, 2023 as compared to the same periods in the prior year:

   
Quarter Ended
   
Six Months Ended
 

 
January 27,
2023
   
January 28,
2022
   
January 27,
2023
   
January 28,
2022
 
Operating cash flow information:
                               
Cash paid for amounts included in the measurement of lease liabilities
 
$
23,761
   
$
23,068
   
$
47,507
   
$
45,861
 
Noncash information:
                               
Right-of-use assets obtained in exchange for new operating lease liabilities
   
5,474
     
4,969
     
9,465
     
11,657
 
Lease modifications or reassessments increasing or decreasing right-of-use assets
   
4,214
     
3,039
     
3,698
     
6,416
 
Lease modifications removing right-of-use assets
   
(214
)
   
(174
)
   
(291
)
   
(336
)
Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating Leases

The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of January 27, 2023 and January 28, 2022:


 
January 27, 2023
   
January 28, 2022
 
Weighted-average remaining lease term
 
17.22 Years
   
17.80 Years
 
Weighted-average discount rate
   
5.04
%
   
4.87
%
Maturities of Undiscounted Cash Flows Reconciled to Total Operating Lease Liability

The following table summarizes the maturities of undiscounted cash flows reconciled to the total operating lease liability as of January 27, 2023:

Year
 
Total
 
Remainder of 2023
 
$
46,722
 
2024
   
74,439
 
2025
   
68,302
 
2026
   
65,989
 
2027
   
65,070
 
Thereafter
   
848,992
 
Total future minimum lease payments
   
1,169,514
 
Less imputed remaining interest
   
(408,207
)
Total present value of operating lease liabilities
 
$
761,307