XML 88 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jul. 27, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes are:
| Years ended |  |
| July 27, 2024 |  | July 29, 2023 |  |
Federal: |  |  |  |  |
Current | $ | 12,348 |  |  | $ | 14,749 |  |  |
Deferred | 1,148 |  |  | (1,274) |  |  |
State: |  |  |  |  |
Current | 10,077 |  |  | 10,348 |  |  |
Deferred | (1,318) |  |  | (814) |  |  |
| $ | 22,255 |  |  | $ | 23,009 |  |  |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
| July 27, 2024 |  | July 29, 2023
Deferred tax assets: |  |  |
Lease liabilities | $ | 91,188 |  |  | $ | 89,638 |
Compensation related costs | 5,513 |  |  | 4,705 |
Pension costs | 1,691 |  |  | 1,544 |
Other | 814 |  |  | 730 |
Total deferred tax assets | 99,206 |  |  | 96,617 |
Deferred tax liabilities: |  |  |
Tax over book depreciation | 21,947 |  |  | 20,242 |
Lease assets | 81,404 |  |  | 81,676 |
Patronage dividend receivable | 4,615 |  |  | 3,457 |
Investment in partnerships | 775 |  |  | 1,107 |
Other | 2,794 |  |  | 3,079 |
Total deferred tax liabilities | 111,535 |  |  | 109,561 |
Net deferred tax liability | $ | (12,329) |  |  | $ | (12,944) |
Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets at July 27, 2024 and July 29, 2023:
| July 27, 2024 |  | July 29, 2023
Other assets | 2,584 |  |  | 1,245 |
Other liabilities | (14,913) |  |  | (14,189) |
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate differs from the statutory federal income tax rate as follows:
| Years ended |  |
| July 27, 2024 |  | July 29, 2023 |  |
Statutory federal income tax rate | 21.0 | % |  | 21.0 | % |  |
State income taxes, net of federal tax benefit | 10.2 | % |  | 9.9 | % |  |
Other | (0.6) | % |  | 0.7 | % |  |
Effective income tax rate | 30.6 | % |  | 31.6 | % |  |

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration