XML 36 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases (Tables)
6 Months Ended
Jan. 26, 2024
Leases [Abstract]  
Components of Lease Cost for Operating Leases

The following table summarizes the components of lease cost for operating leases for the specified periods:

   
Quarter Ended
   
Six Months Ended
 

 
January 26,
2024
   
January 27,
2023
   
January 26,
2024
   
January 27,
2023
 
Operating lease cost
 
$
27,644
   
$
27,363
   
$
55,412
   
$
54,889
 
Short term lease cost
   
2,881
     
2,270
     
3,075
     
2,497
 
Variable lease cost
   
846
     
844
     
1,683
     
1,954
 
Total lease cost
 
$
31,371
   
$
30,477
   
$
60,170
   
$
59,340
 
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 specified periods:

   
Quarter Ended
   
Six Months Ended
 

 
January 26,
2024
   
January 27,
2023
   
January 26,
2024
   
January 27,
2023
 
Operating cash flow information:
                               
Cash paid for amounts included in the measurement of lease liabilities
 
$
24,274
   
$
23,761
   
$
48,621
   
$
47,507
 
Noncash information:
                               
Right-of-use assets obtained in exchange for new operating lease liabilities
   
2,139
     
5,474
     
5,790
     
9,465
 
Lease modifications or reassessments increasing right-of-use assets
   
3,521
     
4,214
     
20,438
     
3,698
 
Lease modifications removing right-of-use assets
   
(1,270
)
   
(214
)
   
(1,414
)
   
(291
)
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 dates indicated:


 
January 26, 2024
   
January 27, 2023
 
Weighted-average remaining lease term
 
16.12 Years
   
17.22 Years
 
Weighted-average discount rate
   
5.17
%
   
5.04
%
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 26, 2024:

Year
 
Total
 
Remainder of 2024
 
$
47,885
 
2025
   
80,076
 
2026
   
72,223
 
2027
   
68,583
 
2028
   
67,441
 
Thereafter
   
784,395
 
Total future minimum lease payments
   
1,120,603
 
Less imputed remaining interest
   
(376,619
)
Total present value of operating lease liabilities
 
$
743,984