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LEASES | 12 Months Ended
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Jul. 27, 2019
Leases [Abstract] |
LEASES | LEASES Description of leasing arrangements The Company leased 27 stores at July 27, 2019, including five that are capitalized for financial reporting purposes. The majority of initial lease terms range from 20 to 30 years. Most of the Company’s leases contain renewal options at increased rents of five years each. These options enable Village to retain the use of facilities in desirable operating areas. Management expects that in the normal course of business, most leases will be renewed or replaced by other leases. The Company is obligated under all leases to pay for real estate taxes, utilities and liability insurance, and under certain leases to pay additional amounts based on maintenance and a percentage of sales in excess of stipulated amounts. Future minimum lease payments by year and in the aggregate for all non-cancelable leases with initial terms of one year or more consist of the following at July 27, 2019:
| Capital and financing leases |  | Operating leases
2020 | $ | 5,173 |  |  | $ | 13,573 |
2021 | 5,240 |  |  | 12,972 |
2022 | 5,240 |  |  | 10,348 |
2023 | 5,305 |  |  | 9,747 |
2024 | 5,342 |  |  | 7,457 |
Thereafter | 43,708 |  |  | 61,043 |
Minimum lease payments | 70,008 |  |  | $ | 115,140 |
Less amount representing interest | 28,233 |  |  |  |
Present value of minimum lease payments | 41,775 |  |  |  |
Less current portion | 1,022 |  |  |  |
| $ | 40,753 |  |  |  |
The following schedule shows the composition of total rental expense for the following years:
| 2019 |  | 2018
Minimum rentals | $ | 12,718 |  |  | $ | 11,985 |
Contingent rentals | 712 |  |  | 726 |
| $ | 13,430 |  |  | $ | 12,711 |
Related party leases The Company leases a supermarket from a realty firm 30% owned by certain officers of Village. The Company paid rent to related parties under this lease of $688 in both fiscal 2019 and 2018. This lease expires in fiscal 2021 with options to extend at increasing annual rent. The Company has ownership interests in three real estate partnerships. Village paid aggregate rents to two of these partnerships for leased stores of $1,455 in both fiscal 2019 and 2018. One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses. The Company subleases the Galloway and Vineland stores from Wakefern under sublease agreements which provided for combined annual rents of $1,355 and $1,322 in fiscal 2019 and 2018, respectively. Both leases contain normal periodic rent increases and options to extend the lease.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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