XML 22 R23.htm IDEA: XBRL DOCUMENT
v3.19.3

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jul. 27, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes are:
| 2019 |  | 2018
Federal: |  |  |
Current | $ | 7,669 |  |  | $ | 5,546 |
Deferred | (1,149 | ) |  | (915 | )
State: |  |  |  |  |
Current | 4,198 |  |  | 3,262 |
Deferred | (734 | ) |  | (135 | )
| $ | 9,984 |  |  | $ | 7,758 |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
| July 27, 2019 |  | July 28, 2018
Deferred tax assets: |  |  |  |
Leasing activities | $ | 7,816 |  |  | $ | 7,396 |
Federal benefit of uncertain tax positions | — |  |  | 182 |
Compensation related costs | 4,750 |  |  | 2,795 |
Pension costs | 1,474 |  |  | 1,673 |
Other | 406 |  |  | 456 |
Total deferred tax assets | 14,446 |  |  | 12,502 |
Deferred tax liabilities: |  |  |  |  |
Tax over book depreciation | 13,481 |  |  | 13,557 |
Patronage dividend receivable | 3,270 |  |  | 3,281 |
Investment in partnerships | 1,034 |  |  | 1,030 |
Other | 123 |  |  | 47 |
Total deferred tax liabilities | 17,908 |  |  | 17,915 |
Net deferred tax liability | $ | (3,462 | ) |  | $ | (5,413 | )
Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 27, 2019 and July 28, 2018:
| 2019 |  | 2018
Other assets | 1,406 |  |  | 646 |
Other liabilities | (4,868 | ) |  | (6,059 | )
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate differs from the statutory federal income tax rate as follows:
| 2019 |  | 2018
Statutory federal income tax rate | 21.0 | % |  | 26.9 | %
State income taxes, net of federal tax benefit | 9.8 | % |  | 7.0 | %
Settlement of tax audits | (2.2 | )% |  | — | %
Deferred tax revaluation due to Tax Act | — | % |  | (10.0 | )%
Other | (0.5 | )% |  | (0.3 | )%
Effective income tax rate | 28.1 | % |  | 23.6 | %
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
| 2019 |  | 2018
Balance at beginning of year | $ | 648 |  |  | $ | 648 |
Reductions based on settlement of tax audits | (648 | ) |  | — |
Balance at end of year | $ | — |  |  | $ | 648 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration