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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 28, 2023
Apr. 29, 2022
Cash flows from operating activities:    
Net income $ 61,588 $ 98,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,805 77,288
Amortization of debt issuance costs 1,296 1,326
Loss on disposition of property and equipment 4,793 4,140
Impairment 11,692 0
Share-based compensation 7,585 6,418
Noncash lease expense 44,727 43,646
Amortization of asset recognized from gain on sale and leaseback transactions 9,551 9,551
Changes in assets and liabilities:    
Inventories 28,436 (54,040)
Other current assets (5,490) (5,073)
Accounts payable (37,839) (9,740)
Taxes withheld and accrued (26,624) 7,794
Other current liabilities 11,981 (2,104)
Long-term operating lease liabilities (36,508) (44,495)
Other long-term assets and liabilities (757) (26,871)
Net cash provided by operating activities 151,236 106,356
Cash flows from investing activities:    
Purchase of property and equipment (87,623) (59,982)
Proceeds from insurance recoveries of property and equipment 725 1,175
Proceeds from sale of property and equipment 250 44
Acquisition of business, net of cash acquired 0 (1,500)
Net cash used in investing activities (86,648) (60,263)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 120,000 45,000
Taxes withheld from issuance of share-based compensation awards (2,400) (2,546)
Principal payments under long-term debt (100,049) (50,049)
Purchases and retirement of common stock (17,449) (73,417)
Dividends on common stock (87,343) (84,901)
Net cash used in financing activities (87,241) (165,913)
Net decrease in cash and cash equivalents (22,653) (119,820)
Cash and cash equivalents, beginning of period 45,105 144,593
Cash and cash equivalents, end of period 22,452 24,773
Cash paid during the period for:    
Interest, net of amounts capitalized 9,323 5,399
Income taxes 4,798 20,261
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 3,867 4,006
Dividends declared but not yet paid [1] $ 30,048 $ 30,668
[1] See Note 8 for additional supplemental disclosures related to leases.