INCOME TAXES (Tables)

12 Months Ended

Jul. 25, 2026

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes are as follows:


	Years Ended
	July 25, 2026		July 26, 2025		July 27, 2024
Federal:
Current	$	8,926	$	11,372	$	12,348
Deferred	3,623		3,803		1,148

State:
Current	7,698		10,557		10,077
Deferred	921		(293)		(1,318)
Total income taxes	$	21,168	$	25,439	$	22,255

Schedule of Effective Income Tax Rate Reconciliation

In accordance with the Company's prospective adoption of ASU 2023-09 (see Note 1), a reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate is as follows:


	Year Ended
	July 25, 2026
	Amount		Percent
Income taxes at the U.S. federal statutory rate	$	15,461	21.0	%
State and local income taxes, net of Federal income effect (1)	6,808		9.2	%
Non-taxable or non-deductible items:
Excess tax benefits from share-based compensation	(1,194)		(1.6	%)
Non-deductible executive compensation	565		0.8	%

Other non-taxable or non-deductible items	(173)		(0.2	%)
Tax credits:
Work opportunity tax credits	(299)		(0.4	%)




Total income taxes and effective tax rate	$	21,168	28.8	%

(1)State taxes in New Jersey made up the majority (greater than 50%) of the tax effect in this category.

In accordance with the disclosure requirements in effect prior to the adoption of ASU 2023-09, a reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate is as follows:


	Years Ended
	July 26, 2025		July 27, 2024
Statutory federal income tax rate	21.0	%	21.0	%
State income taxes, net of federal tax benefit	9.9	%	10.2	%




Other	0.2	%	(0.6	%)
Effective income tax rate	31.1	%	30.6	%

Schedule of Cash Flow, Supplemental Disclosures

In accordance with the Company's prospective adoption of ASU 2023-09, disclosure of disaggregated cash paid for income taxes, net of refunds received, in fiscal 2026 is as follows:


	Year Ended
	July 25, 2026
Federal	$	4,020
State and local:
New Jersey	6,504
New York State	880
New York City	823


Other	140
Total cash paid for income taxes, net of refunds	$	12,367

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows:


	July 25, 2026		July 26, 2025
Deferred tax assets:
Lease liabilities	$	81,509	$	86,132

Compensation related costs	4,466		6,282
Pension costs	926		1,127
Other	683		849
Total deferred tax assets	87,584		94,390

Deferred tax liabilities:
Tax over book depreciation	28,238		25,770
Lease assets	71,608		76,329
Patronage dividend receivable	4,196		4,022
Investment in partnerships	1,403		1,437
Other	1,645		1,731
Total deferred tax liabilities	107,090		109,289
Net deferred tax liability	$	(19,506)	$	(14,899)

Deferred income tax assets (liabilities) are included in the following captions on the consolidated balance sheets as of July 25, 2026 and July 26, 2025:


	July 25, 2026	July 26, 2025
Other assets	2,305	3,252
Other liabilities	(21,811)	(18,151)