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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 26, 2024
Apr. 28, 2023
Cash flows from operating activities:    
Net income $ 22,791 $ 61,588
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,765 76,805
Amortization of debt issuance costs 1,312 1,296
Loss on disposition of property and equipment 8,860 4,793
Impairment 17,448 11,692
Goodwill Impairment 4,690 0
Share-based compensation 9,189 7,585
Noncash lease expense 45,050 44,727
Amortization of asset recognized from gain on sale and leaseback transactions 9,551 9,551
Changes in assets and liabilities:    
Inventories 14,086 28,436
Other current assets (22,939) (5,490)
Accounts payable (27,812) (37,839)
Taxes withheld and accrued (5,141) (26,624)
Other current liabilities (9,930) 11,981
Long-term operating lease liabilities (49,914) (36,508)
Other long-term assets and liabilities (550) (757)
Net cash provided by operating activities 99,456 151,236
Cash flows from investing activities:    
Purchase of property and equipment (80,825) (87,623)
Proceeds from insurance recoveries of property and equipment 744 725
Proceeds from sale of property and equipment 131 250
Net cash used in investing activities (79,950) (86,648)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 326,500 120,000
Principal payments under long-term debt (270,500) (100,049)
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 (87,204) (87,343)
Net cash used in financing activities (32,801) (87,241)
Net decrease in cash and cash equivalents (13,295) (22,653)
Cash and cash equivalents, beginning of period 25,147 45,105
Cash and cash equivalents, end of period 11,852 22,452
Cash paid during the period for:    
Interest, net of amounts capitalized 12,329 9,323
Income taxes 7,473 4,798
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 7,515 3,867
Dividends declared but not yet paid [1] $ 30,668 $ 30,048
[1] See Note 8 for additional supplemental disclosures related to leases.