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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 28, 2023
Jul. 29, 2022
Jul. 30, 2021
Cash flows from operating activities:      
Net income $ 99,050 $ 131,880 $ 254,513
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 104,485 103,568 108,604
Amortization of debt discount and issuance costs 1,730 1,755 864
Loss on disposition of property and equipment 6,600 5,637 4,064
Gain on sale and leaseback transactions 0 0 (217,722)
Impairment 11,692 0 0
Share-based compensation 9,045 8,198 8,729
Noncash lease expense 59,767 58,498 55,817
Amortization of asset recognized from gain on sale and leaseback transactions 12,735 12,735 12,735
Changes in assets and liabilities:      
Accounts receivable 3,404 (2,039) (7,016)
Income taxes receivable 389 18,672 7,729
Inventories 23,885 (74,929) 771
Prepaid expenses and other current assets (11,043) (2,771) (3,538)
Other assets (848) 8,459 (3,997)
Accounts payable (4,387) 34,695 31,672
Current operating lease liabilities (8,235) 4,120 8,150
Taxes withheld and accrued (21,377) 12,181 16,854
Accrued employee compensation 13,151 (13,129) 8,472
Accrued employee benefits (585) 1,278 (653)
Deferred revenues 1,401 458 (1,605)
Other current liabilities 7,192 (6,591) 2,791
Long-term operating lease liabilities (49,634) (59,227) (59,388)
Other long-term obligations (2,023) (32,048) 6,919
Deferred income taxes (5,937) (6,147) 67,138
Net cash provided by operating activities 250,457 205,253 301,903
Cash flows from investing activities:      
Purchase of property and equipment (126,987) (98,341) (71,409)
Proceeds from insurance recoveries of property and equipment 1,600 1,237 1,279
Proceeds from sale of property and equipment 1,068 105 149,960
Acquisition of business, net of cash acquired 0 (1,500) (1,500)
Net cash provided by (used in) investing activities (124,319) (98,499) 78,330
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 180,000 230,000 60,000
Proceeds from issuance of convertible senior notes 0 0 291,605
Taxes withheld from issuance of share-based compensation awards (2,448) (2,599) (2,282)
Principal payments under long-term debt (190,124) (185,124) (924,572)
Proceeds from issuance of warrants 0 0 31,710
Purchase of convertible note hedge 0 0 (62,010)
Purchases and retirement of common stock (17,449) (131,542) (35,000)
Deferred financing costs 0 (2,148) (420)
Dividends on common stock (116,075) (114,829) (31,667)
Net cash used in financing activities (146,096) (206,242) (672,636)
Net decrease in cash and cash equivalents (19,958) (99,488) (292,403)
Cash and cash equivalents, beginning of year 45,105 144,593 436,996
Cash and cash equivalents, end of year 25,147 45,105 144,593
Cash paid during the year for:      
Interest, net of amounts capitalized 13,596 7,698 40,802
Income taxes 6,486 25,948 2,907
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 9,633 7,421 5,806
Change in fair value of interest rate swaps 0 0 27,110
Change in deferred tax asset for interest rate swaps 0 0 (6,764)
Dividends declared but not yet paid $ 30,233 $ 30,456 $ 24,157