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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 26, 2024
Jan. 27, 2023
Cash flows from operating activities:    
Net income $ 31,990 $ 47,620
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54,428 50,361
Amortization of debt issuance costs 874 862
Loss on disposition of property and equipment 2,898 2,225
Share-based compensation 6,253 5,111
Noncash lease expense 30,162 29,845
Amortization of asset recognized from gain on sale and leaseback transactions 6,368 6,368
Changes in assets and liabilities:    
Inventories 16,662 25,998
Other current assets (14,195) (12,567)
Accounts payable (29,096) (34,398)
Taxes withheld and accrued (12,499) (29,056)
Other current liabilities 11,407 32,563
Long-term operating lease liabilities (37,905) (23,515)
Other long-term assets and liabilities (5,468) (595)
Net cash provided by operating activities 61,879 100,822
Cash flows from investing activities:    
Purchase of property and equipment (51,453) (48,878)
Proceeds from insurance recoveries of property and equipment 373 509
Proceeds from sale of property and equipment 91 226
Net cash used in investing activities (50,989) (48,143)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 243,500 90,000
Principal payments under long-term debt (207,000) (60,049)
Taxes withheld from issuance of share-based compensation awards (1,597) (2,400)
Purchases and retirement of common stock 0 (17,449)
Dividends on common stock (58,338) (58,482)
Net cash used in financing activities (23,435) (48,380)
Net increase (decrease) in cash and cash equivalents (12,545) 4,299
Cash and cash equivalents, beginning of period 25,147 45,105
Cash and cash equivalents, end of period 12,602 49,404
Cash paid during the period for:    
Interest, net of amounts capitalized 8,351 5,415
Income taxes 5,634 3,855
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 3,563 3,257
Dividends declared but not yet paid [1] $ 30,387 $ 29,842
[1] See Note 8 for additional supplemental disclosures related to leases.