Leases (Tables)

12 Months Ended

Jul. 28, 2023

Components of Lease Cost for Operating Leases

The following table summarizes the components of lease cost for operating leases for the years ended July 28, 2023, July 29, 2022 and July 30, 2021:

	2023		2022		2021
Operating lease cost	$	109,908	$	108,903	$	106,266
Short term lease cost		2,947		2,409		2,363
Variable lease cost		3,669		2,673		2,248
Total lease cost	$	116,524	$	113,985	$	110,877

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 years ended July 28, 2023, July 29, 2022 and July 30, 2021:

	2023			2022			2021
Operating cash flow information:
Gain on sale and leaseback transactions	$	—		$	—		$	217,722
Cash paid for amounts included in the measurement of lease liabilities		95,294			92,600			89,264
Noncash information:
Right-of-use assets obtained in exchange for new operating lease liabilities		17,378			19,143			316,563
Lease modifications or reassessments increasing or decreasing right-of-use assets		11,320			11,978			35,059
Lease modifications removing right-of-use assets		(413	)		(670	)		(544	)

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 July 28, 2023, July 29, 2022 and July 30, 2021:

	2023			2022			2021
Weighted-average remaining lease term	16.88 Years			17.38 Years				18.17 Years
Weighted-average discount rate		5.09	%		4.90	%		4.84	%

Maturities of Undiscounted Cash Flows Reconciled to Total Lease Liability

The following table summarizes the maturities of undiscounted cash flows reconciled to the total operating lease liability as of July 28, 2023:

Year	Total
2024	$	82,360
2025		73,888
2026		70,198
2027		67,451
2028		66,858
Thereafter		773,692
Total future minimum lease payments		1,134,447
Less imputed remaining interest		(385,698	)
Total present value of operating lease liabilities	$	748,749