v3.22.2.2
Leases (Tables)
12 Months Ended
Jul. 29, 2022
Leases [Abstract]  
Components of Lease Cost for Operating Leases

The following table summarizes the components of lease cost for operating leases for the years ended July 29, 2022, July 30, 2021 and July 31, 2020:

 
2022
   
 2021
   
2020
 
Operating lease cost
 
$
108,903
   
$
106,266
    $ 82,963  
Short term lease cost
   
2,409
     
2,363
      2,896  
Variable lease cost
   
2,673
     
2,248
      1,719  
Total lease cost
 
$
113,985
   
$
110,877
    $ 87,578  
Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

The following table summarizes supplemental cash flow information and non-cash activity related to the Company’s operating leases for the year ended July 29, 2022, July 30, 2021 and July 31, 2020:

     2022      2021      2020  
Operating cash flow information:
                 
Gain on sale and leaseback transactions
 
$
   
$
217,722
    $ 69,954  
Cash paid for amounts included in the measurement of lease liabilities
   
92,600
     
89,264
      80,265  
Noncash information:
                       
Right-of-use assets obtained in exchange for new operating lease liabilities
   
19,143
     
316,563
      267,266  
Lease modifications  or reassessments increasing or decreasing right-of-use assets
   
11,978
     
35,059
      29,793  
Lease modifications removing right-of-use assets
   
(670
)
   
(544
)
 
(19,939 )
Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating Leases

The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of July 29, 2022, July 30, 2021 and July 31, 2020:

 
2022
   
2021
    2020  
Weighted-average remaining lease term
 
17.38 Years
   
18.17 Years
      19.05 Years  
Weighted-average discount rate
   
4.90
%
   
4.84
%
    4.50 %
Maturities of Undiscounted Cash Flows Reconciled to Total Lease Liability

The following table summarizes the maturities of undiscounted cash flows reconciled to the total operating lease liability as of July 29, 2022:

Year
 
Total
 
2023
 
$
90,446
 
2024
   
69,633
 
2025
   
65,841
 
2026
   
64,635
 
2027
   
64,350
 
Thereafter
   
832,487
 
Total future minimum lease payments
   
1,187,392
 
Less imputed remaining interest
   
(410,662
)
Total present value of operating lease liabilities
 
$
776,730