<SEC-DOCUMENT>0001145443-11-000943.txt : 20110921
<SEC-HEADER>0001145443-11-000943.hdr.sgml : 20110921
<ACCEPTANCE-DATETIME>20110921073243
ACCESSION NUMBER:		0001145443-11-000943
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110920
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110921
DATE AS OF CHANGE:		20110921

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COPART INC
		CENTRAL INDEX KEY:			0000900075
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				942867490
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23255
		FILM NUMBER:		111100579

	BUSINESS ADDRESS:	
		STREET 1:		4665 BUSINESS CENTER DRIVE
		CITY:			FAIRFIELD
		STATE:			CA
		ZIP:			94534
		BUSINESS PHONE:		7076395000

	MAIL ADDRESS:	
		STREET 1:		4665 BUSINESS CENTER DRIVE
		CITY:			FAIRFIELD
		STATE:			CA
		ZIP:			94534
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d28680-8k.htm
<DESCRIPTION>8-K
<TEXT>
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<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="09/20/2011">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px"><BR>
<BR></P>
<TABLE STYLE="font-size:10pt" CELLSPACING="0" ALIGN="CENTER" WIDTH="100%" border=0><TR height=0 style="font-size:0"><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR>
<TR><TD STYLE="border-top:3px double #000000" VALIGN="top" COLSPAN="5"><P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:13pt; margin:0px; font-size:10pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:13pt; margin:0px; font-size:10pt" align=center><B>____________________________________________</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:19pt; margin-top:22.667px; margin-bottom:0px; font-size:17pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:15pt; margin-top:17.333px; margin-bottom:0px; font-size:13pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:15pt; margin:0px; font-size:13pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD VALIGN="bottom"><P>&nbsp;</P></TD><TD STYLE="border-bottom:1px solid #000000" VALIGN="bottom" COLSPAN="3"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center><B>September 20, 2011</B></P>
</TD><TD VALIGN="bottom"><P>&nbsp;</P></TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date of Report (date of earliest event reported)</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="margin-top:22.667px; margin-bottom:0px; padding-bottom:4px;" align=center><BR></P>
<P style="line-height:19pt; margin:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Exact name of Registrant as specified in its charter)</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="2"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:10pt; border-bottom:1px solid #000000" align=center><B>California</B></P>
</TD><TD VALIGN="top"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:10pt; border-bottom:1px solid #000000" align=center><B>0-23255</B></P>
</TD><TD VALIGN="top" COLSPAN="2"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:10pt; border-bottom:1px solid #000000" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="2"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></P>
</TD><TD VALIGN="top"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(Commission File Number)</B></P>
</TD><TD VALIGN="top" COLSPAN="2"><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(I.R.S. Employer<BR>
Identification Number)</B></P>
</TD></TR>
<TR><TD VALIGN="bottom"><P>&nbsp;</P></TD><TD STYLE="border-bottom:1px solid #000000" VALIGN="bottom" COLSPAN="3"><P style="line-height:11.6pt; margin-top:3.333px; margin-bottom:0px" align=center><B>4665 Business Center Drive</B></P>
<P style="line-height:11.6pt; margin:0px" align=center><B>Fairfield, California &nbsp;94534</B></P>
</TD><TD VALIGN="bottom"><P>&nbsp;</P></TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices)</B></P>
</TD></TR>
<TR><TD VALIGN="bottom"><P>&nbsp;</P></TD><TD STYLE="border-bottom:1px solid #000000" VALIGN="bottom" COLSPAN="3"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center><B>(707) 639-5000</B></P>
</TD><TD VALIGN="bottom"><P>&nbsp;</P></TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="border-bottom:1px solid #000000" VALIGN="bottom" COLSPAN="5"><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center><B>Not applicable</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Former name or former address, if changed since last report)</B></P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="margin-top:14.667px; margin-bottom:0px; font-size:10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="margin:0px; font-size:10pt">[ &nbsp;] Written communication pursuant to Rule 425 under Section Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:13pt; margin:0px; font-size:10pt">[ &nbsp;]<B> </B>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD VALIGN="top" COLSPAN="5"><P style="line-height:13pt; margin:0px; font-size:10pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<FONT style="font-family:Arial Unicode MS"> </FONT>240.14d-2(b)).</P>
</TD></TR>
<TR><TD STYLE="border-bottom:3px double #000000" VALIGN="top" COLSPAN="5"><P style="line-height:13pt; margin:0px; font-size:10pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).</P>
</TD></TR>
</TABLE>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD width=208></TD><TD width=64></TD><TD width=144></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px; font-size:10pt" align=center><B>INFORMATION INCLUDED IN THIS REPORT</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:10pt"><B>Section &nbsp;2 &#151; Financial Information</B></P>
<P style="margin:0px"><BR></P>

<P style="line-height:13pt; margin-top:0px; font-family:Arial Unicode MS; font-size:7.5pt">&nbsp;<FONT style="font-family:Times New Roman; font-size:10pt"><B><I>Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Results of Operations and Financial Condition</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:10pt">The following information is intended to be furnished under Item 2.02 of Form 8-K, &#147;Results of Operations and Financial Condition.&#148; This information shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:10pt">On September 20, 2011, Copart, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended July 31, 2011. The full text of the press release is furnished herewith as <U>Exhibit 99.1</U>.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:10pt"><B>Section 9 &#151; Financial Statements and Exhibits </B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:10pt"><B><I>Item 9.01</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:72px; font-size:10pt"><B><I>Financial Statements and Exhibits</I></B></P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:10pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=18.2></TD><TD width=6.067></TD><TD width=558.533></TD></TR>
<TR><TD width=24.267><P style="margin:0px; font-size:10pt">&nbsp;</P>
</TD><TD valign=top width=18.2><P style="line-height:13pt; margin:0px; font-size:10pt">(d)</P>
</TD><TD valign=top width=6.067><P style="margin:0px; font-size:10pt">&nbsp;</P>
</TD><TD valign=top width=558.533><P style="line-height:13pt; margin:0px; font-size:10pt">Exhibits </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:10pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:10pt">The following exhibit is furnished herewith: </P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:10pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=56.733></TD><TD width=446.667></TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin:0px; font-size:10pt" align=center><B>Exhibit <U>Number</U></B></P>
</TD><TD valign=top width=446.667><P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:48px; font-size:10pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center>99.1</P>
</TD><TD valign=top width=446.667><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; padding-left:48px; font-size:10pt">Press release, dated September 20, 2011 of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year ended July 31, 2011.</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:10pt">&nbsp;</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>
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<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center>SIGNATURES</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; font-size:10pt">Dated: September 20, 2011 </P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:10pt"><B>Copart, Inc.</B></P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>
<P style="line-height:13pt; margin:0px; padding-left:336px; font-size:10pt">By: <U>&nbsp;/s/ William E. Franklin </U></P>
<P style="line-height:13pt; margin:0px; padding-left:356px; font-size:10pt">William E. Franklin</P>
<P style="line-height:13pt; margin:0px; padding-left:356px; font-size:10pt">Senior Vice President of Finance and</P>
<P style="line-height:13pt; margin:0px; padding-left:356px; font-size:10pt">Chief Financial Officer</P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:10pt">Exhibit </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:10pt"><U>Number</U> </P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:10pt"><U>Description</U></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; padding-left:96px; text-indent:-96px; font-size:10pt">99.1 </P>
<P style="line-height:13pt; margin:0px; padding-left:96px; font-size:10pt">Press release, dated September 20, 2011, of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year ended July 31, 2011.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d28680-ex99.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="09/20/2011">
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<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">For Immediate Release</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center><B>Copart Reports Fourth Quarter Financial
Results</B></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=justify>Fairfield, Calif. (September 20, 2011)
&#151; Copart, Inc. (NASDAQ: CPRT) today reported the results for its fourth quarter and fiscal year ended July 31, 2011.</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=justify>For the three months ended July 31, 2011,
revenue, operating income and net income were $215.4 million, $63.5 million and $40.5 million, respectively. These represent
increases in revenue of $25.0 million, or 13.1%; in operating income of $6.2 million, or 10.9%; and in net income of $4.3 million,
or 11.8%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.59
compared to $0.43 last year, an increase of 37.2%. </P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=justify>For the twelve months ended July 31,
2011, revenue, operating income and net income were $872.2 million, $265.3 million and $166.4 million, respectively. These
represent increases in revenue of $99.4 million, or 12.9%; in operating income of $26.2 million, or 11.0%; and in net income of
$14.7 million, or 9.7%, respectively, from the same period last year. Fully diluted earnings per share for the twelve months ended
July 31, 2011 were $2.17 compared to $1.78 last year, an increase of 21.9%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=justify>During the fourth quarter the Company
repurchased 2,990,949 shares of its common stock at a weighted average price of $45.17 per share under its share repurchase
program. At the end of the quarter, Copart had 8,546,963 shares available for repurchase under its share repurchase program.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">On Wednesday, September 21, 2011, at 11 a.m. Eastern
time, Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live at
<U>http://w.on24.com/r.htm?e=357279&amp;s=1&amp;k=6DF9911EB99F39CB12FDF3F6266C55CD</U>. A replay of the call will be available through
October 21, 2011 by calling (888) 203-1112. Use confirmation code #4238504.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:10pt"><B>About Copart</B></P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>Copart, founded in 1982, provides vehicle sellers with a full range of
remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in
some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB<SUP>2</SUP>
technology.&nbsp; Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car
dealerships and others as well as cars sourced from the general public. The company currently operates 154 facilities in the
United States, Canada and the United Kingdom. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or
business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made.
For more information, or to become a member, visit www.copart.com<FONT style="font-family:Palatino; font-size:10pt"></FONT>.</P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR>
<BR></P>
<P STYLE="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" ALIGN="CENTER">- 1 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>Copart, Inc. ~ 4665 Business Center
Drive, Fairfield, California 94534 ~ (707) 639-5000</P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:10pt" align=justify>
<B>Cautionary Note About Forward-Looking Statements</B></P>
<P style="margin-top:5.533px; margin-bottom:5.533px; font-family:Arial">This press release contains forward-looking statements
within the meaning of federal securities laws, and these forward-looking statements are subject to substantial risks and
uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the
risks that could affect our business, please review the &#147;Management's Discussion and Analysis&#148; and the other risks
identified in Copart&#146;s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as
filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully.&nbsp;We do not
undertake to update any forward-looking statement that may be made from time to time on our behalf. </P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; font-family:Arial; font-size:10pt">Contact:</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:84px; font-family:Arial; font-size:10pt">Cindy Cross,
Assistant to the Chief Financial Officer</P>
<P style="line-height:13pt; margin:0px; text-indent:420px; font-family:Arial; font-size:10pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; padding-left:84px; font-family:Arial; font-size:10pt">(707) 639-5427</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P STYLE="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" ALIGN="CENTER">- 2 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>Copart, Inc. ~ 4665 Business Center
Drive, Fairfield, California 94534 ~ (707) 639-5000</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=5>
<PAGE>


<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Statements of Income </B>
</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=300.467></TD><TD width=1.467></TD>
<TD width=10.733></TD><TD width=2.6></TD><TD width=63.667></TD><TD width=10.467></TD><TD width=12.933></TD><TD width=62.133></TD>
<TD width=12.267></TD><TD width=10.467></TD><TD width=1.933></TD><TD width=64.067></TD><TD width=11.267></TD><TD width=12.133>
</TD><TD width=63.333></TD><TD width=14></TD></TR>
<TR><TD valign=bottom width=300.467><P>&nbsp;</P></TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=162.533 colspan=6>
<P style="margin:0px; font-family:Arial" align=center><B>Three months ended<BR>
July 31,</B></P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=163.2 colspan=6>
<P style="margin:0px; font-family:Arial" align=center><B>Twelve months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>July 31,</B></P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467><P>&nbsp;</P></TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Net sales
and revenue:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.933><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=62.133><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-top:0px solid #000000" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=64.067><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.133><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=63.333><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467><P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial;
font-size:10pt">Service revenues</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD valign=bottom width=10.733>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD valign=bottom width=66.267 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>174,118</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=12.933>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>158,391
</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD valign=bottom width=64.067><P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>723,610
</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=12.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD valign=bottom width=63.333><P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>642,134
</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:29.733px; font-family:Arial; font-size:10pt">Vehicle sales</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=10.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>41,325</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.933><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=62.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>32,077</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=64.067>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>148,636</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.133><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=63.333>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>130,745</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467><P style="line-height:13pt; margin:0px; padding-left:66px; font-family:Arial;
font-size:10pt">Total service revenues and vehicle sales</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.733>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>215,443</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.933>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=62.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>190,468</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.067>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>872,246</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.333>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>772,879</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Operating
costs and expenses:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.267><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Yard
operations</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>81,822</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>68,465</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>337,188</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>285,271</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Cost of
vehicle sales </P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>35,142</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>26,627</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>125,202</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>104,673</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Yard
depreciation and amortization</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>8,892</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>9,152</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>36,961</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>34,941</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:20px; font-family:Arial; font-size:10pt">Gross margin</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>89,587</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>86,224</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>372,895</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>347,994</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">General and
administrative</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>23,737</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>27,016</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>98,864</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>100,634</P>
</TD><TD valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial; font-size:10pt">General and administrative
depreciation and amortization</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>2,394</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>1,988</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>8,741</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>8,290</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
operating expenses</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>151,987</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>133,248</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>606,956</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>533,809</P>
</TD><TD valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Operating
income</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>63,456</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>57,220</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>265,290</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>239,070</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Other
income (expense):</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=75.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.267>
<P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=75.467 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=14>
<P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Interest
income (expense), net</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>(1,693</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467>
<P STYLE="font: 10pt/13pt Arial; text-align: left">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>31</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>(3,585</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267>
<P STYLE="font: 10pt/13pt Arial; margin: 0px; text-align: left">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>(11</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14>
<P STYLE="font: 10pt/13pt Arial; margin: 0px; text-align: left">)&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Other income
</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>882</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>436</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>2,172</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>436</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total other
income (expense)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>(811</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467>
<P STYLE="font: 10pt/13pt Arial; margin: 0px; text-align: left">)</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>467</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P STYLE="font: 10pt/13pt Arial; margin-right:-3px; text-align: right">(1,413</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">)</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>425</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Income before
income taxes</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>62,645</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>57,687</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>263,877</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>239,495</P>
</TD><TD valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Income
taxes</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>22,124</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>21,453</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>97,502</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>87,868</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:66.267px; font-family:Arial; font-size:10pt">Net income </P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.733>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>40,521</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.933>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=62.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>36,234</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=12.4 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.067>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>166,375</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.333>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>151,627</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Earnings
per share-basic</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=10.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.933><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=62.133><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=64.067><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.133><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=63.333><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Basic net income per share</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.733>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2>
<P style="line-height:13pt; margin-right:-3px; padding-left:5.933px; font-family:Arial; font-size:10pt" align=right>0.60</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.933>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=62.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>0.43</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.467>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=66 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>2.20</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.333>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>1.80</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Weighted
average common shares outstanding</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px;  font-family:Arial; font-size:10pt" align=right>67,615</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>84,284</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>75,649</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>84,165</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.067 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.267><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.267><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.467 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=14><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Earnings
per share-diluted</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=13.333 colspan=2><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=63.667><P>&nbsp;</P></TD><TD valign=bottom width=10.467><P>&nbsp;
</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.933><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=62.133><P>&nbsp;</P></TD><TD valign=bottom width=12.267><P>&nbsp;
</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=64.067><P>&nbsp;</P></TD><TD valign=bottom width=11.267><P>&nbsp;
</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.133><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=63.333><P>&nbsp;</P></TD><TD valign=bottom width=14><P>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:20px; font-family:Arial; font-size:10pt">Diluted net
income per share</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=13.333 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=63.667>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>0.59</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=12.933>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=62.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>0.43</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=12.4 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=64.067>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>2.17</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=12.133>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=63.333>
<P style="line-height:13pt; margin-right:-1px; font-family:Arial; font-size:10pt" align=right>1.78</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=14><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.467>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Weighted
average common shares and dilutive potential common shares outstanding</P>
</TD><TD valign=bottom width=1.467><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=77 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>69,116</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=75.067 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>85,087</P>
</TD><TD valign=bottom width=12.267><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=76.467 colspan=3>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>76,676</P>
</TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=75.467 colspan=2>
<P style="line-height:13pt; margin-right:-3px; font-family:Arial; font-size:10pt" align=right>85,027</P>
</TD><TD valign=bottom width=14><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P STYLE="line-height:13pt; margin:0px; font-family:Arial;  font-size:10pt" ALIGN="CENTER">- 3 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial;  font-size:10pt" align=center>Copart, Inc. ~ 4665 Business Center
Drive, Fairfield, California 94534 ~ (707) 639-5000</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=5>
<PAGE>


<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>Consolidated Balance Sheets
<FONT style="font-family:Palatino; font-size:10pt"> </FONT></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=443.2></TD><TD width=12.8></TD>
<TD width=9.267></TD><TD width=2.933></TD><TD width=85.467></TD><TD width=12.4></TD><TD width=8.2></TD><TD width=1.867></TD>
<TD width=73.467></TD><TD width=11.067></TD></TR>
<TR><TD valign=bottom width=443.2><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="margin:0px; font-family:Arial" align=center><B>July 31,</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>&nbsp;2011</B></P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="margin:0px; font-family:Arial" align=center><B>July&nbsp;31, </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>
<B>ASSETS</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.067>
<P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Current
assets:</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.067>
<P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:40.333px; font-family:Arial; font-size:10pt">Cash and cash equivalents</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=9.267>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.4 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:11.133px; font-family:Arial; font-size:10pt" align=right>74,009</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=8.2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.333 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:12.133px; font-family:Arial; font-size:10pt" align=right>268,188</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Accounts
receivable, net</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>122,859</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>109,061</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial;
font-size:10pt">Inventories and vehicle pooling costs</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>25,042</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>34,866</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Income
taxes receivable</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>5,145</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>10,958</P>
</TD><TD valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Prepaid
expenses and other assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>14,813</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>14,342</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
current assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>241,868</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>437,415</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Property
and equipment, net</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>600,388</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>573,514</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial;
font-size:10pt">Intangibles, net</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>12,748</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>13,016</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Goodwill
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>198,620</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>175,870</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Deferred
income taxes</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>9,425</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>10,213</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Other
assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>21,387</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>18,784</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2><P style="line-height:13pt; margin:0px; padding-left:78px; font-family:Arial; font-size:10pt">Total assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=12.2 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=85.467>
<P style="line-height:13pt; margin:0px; padding-right:14.133px; font-family:Arial; font-size:10pt" align=right>1,084,436</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=10.067 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=73.467>
<P style="line-height:13pt; margin:0px; padding-right:16.133px; font-family:Arial; font-size:10pt" align=right>1,228,812</P>
</TD><TD valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center><B>LIABILITIES AND SHAREHOLDERS&#146;
EQUITY</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Current
liabilities:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Accounts
payable and accrued liabilities </P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=12.2 colspan=2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>$</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=85.467>
<P style="line-height:13pt; margin:0px; padding-right:13.133px; font-family:Arial; font-size:10pt" align=right>101,708</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=8.2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=right>$</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=75.333 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:12.133px; font-family:Arial; font-size:10pt" align=right>93,740</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Deferred
revenue</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>5,636</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>10,642</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Income
taxes payable</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>3,543</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="background-color:#FFFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>1,314</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=11.067><P>&nbsp;</P></TD></TR>

<TR><TD style="background-color:#CCFFFF" valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Deferred
income taxes</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>440</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>1,154</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2><P style="line-height:13pt; margin:0px; text-indent:40px; font-family:Arial;
font-size:10pt">Current portion of debt</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>50,370</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>374</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>

<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2><P style="line-height:13pt; margin:0px; text-indent:40px; font-family:Arial;
font-size:10pt">Other current liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>4,929</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Palatino; font-size:10pt" align=right>&#151;</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
current liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>166,626</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>107,224</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>

<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Deferred
income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>10,057</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>9,748</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Income
taxes payable</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>24,773</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>23,369</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Long-term
debt</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>325,386</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>601</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Other
liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>



<TD  style="border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>2,422</P>



</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD  style="border-bottom:1px solid #000000"  valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>636</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:0px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>529,264</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="border-bottom:0px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>141,578</P>
</TD><TD valign=top width=11.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial;
font-size:10pt">Commitments and contingencies</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD></TR>
<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial;
font-size:10pt">Shareholders&#146; equity:</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3><P>&nbsp;</P></TD>
<TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD valign=bottom width=83.533 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.067>
<P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Common
stock, no par value - 180,000 shares authorized; 66,006 and 84,363 shares issued and outstanding at July 31, 2011 and July 31,
2010, respectively</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>313,940</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>365,507</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial;
font-size:10pt">Accumulated other comprehensive loss</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>(23,225)</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>(32,741)</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Retained
earnings</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD  style="border-bottom:1px solid #000000"  valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>264,457</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;
</P>
</TD><TD  style="border-bottom:1px solid #000000"  valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>754,468</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial;
font-size:10pt">&nbsp;</P>
</TD></TR>
<TR style="background-color:#CCFFFF" ><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
shareholders&#146; equity</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=97.667 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:10pt" align=right>555,172</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=83.533 colspan=3>
<P style="line-height:13pt; margin:0px; padding-right:8px; font-family:Arial; font-size:10pt" align=right>1,087,234</P>
</TD><TD valign=bottom width=11.067><P style="margin:0px; font-family:Arial; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=443.2>
<P style="line-height:13pt; margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial; font-size:10pt">Total
liabilities and shareholders&#146; equity</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=9.267>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD  style="border-bottom:3px double #000000" valign=bottom width=88.4 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:11.133px; font-family:Arial; font-size:10pt" align=right>1,084,436</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD>
<TD  style="border-bottom:3px double #000000" valign=bottom width=8.2>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt">$</P>
</TD><TD  style="border-bottom:3px double #000000" valign=bottom width=75.333 colspan=2>
<P style="line-height:13pt; margin:0px; padding-right:12.133px; font-family:Arial; font-size:10pt" align=right>1,228,812</P>
</TD><TD valign=bottom width=11.067><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P STYLE="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" ALIGN="CENTER">- 4 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>Copart, Inc. ~ 4665 Business Center
Drive, Fairfield, California 94534 ~ (707) 639-5000</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=5>
<PAGE>


<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:14pt" align=center><B>Copart, Inc.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center><B>Consolidated Statements of Cash Flows
<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>(Unaudited)</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=456.4></TD><TD width=15.733></TD>
<TD width=9.333></TD><TD width=90.6></TD><TD width=12.6></TD><TD width=11.267></TD><TD width=0.667></TD><TD width=76.733></TD>
<TD width=11.933></TD></TR>
<TR><TD valign=bottom width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=201.2 colspan=6>
<P style="margin:0px; font-family:Arial" align=center><B>Twelve&nbsp;Months&nbsp;Ended<BR>
July 31,</B></P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial"><B>Cash flows from operating activities:
</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Net income
</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=9.333><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=90.6><P style="margin-right:-2px;  font-family:Arial" align=right>166,375</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=11.933 colspan=2>
<P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=76.733><P style="margin-right:-2px; font-family:Arial" align=right>151,627</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Adjustments to reconcile net income to net
cash provided by operating activities:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Depreciation and
amortization</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>45,694</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px;  font-family:Arial" align=right>43,242</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Allowance for doubtful accounts</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px;  font-family:Arial" align=right>270
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial" align=right>442
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Other long-term
liabilities</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(428</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>(440</P>
</TD><TD valign=bottom width=11.933><P style="margin-left:0px;  font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Share-based compensation</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px;  font-family:Arial"
align=right>19,007</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial"
align=right>17,955</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Excess tax
benefits from share-based compensation</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(3,547</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>(5,643</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Loss on sale of property and equipment</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px;  font-family:Arial"
align=right>1,882</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>659
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Deferred income
taxes</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(2,099</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>(4,512</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Changes in operating assets and liabilities,
net of effects from acquisitions:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts
receivable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(12,865</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>2,436</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Vehicle pooling costs</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>13,201</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial"
align=right>(1,210</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Inventories
</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(2,666</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>(256</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other current assets
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>4,785</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial"
align=right>(8,896</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Other assets
</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>739</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px;  font-family:Arial" align=right>311</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>5,614</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial"
align=right>8,098</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred
revenue</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>(5,015</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px;  font-family:Arial" align=right>(2,527</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>9,456</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial" align=right>861
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes
payable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>2,529</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>(2,740</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial">Net cash provided by operating activities
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>242,932</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>199,407</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">
<B>&nbsp;</B></P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial"><B>Cash flows from investing activities:
</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Principal
payments from (issuance of) notes receivable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Palatino" align=right>&#151;</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>(1,300</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Purchases of
property and equipment, including acquisitions</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>(105,082</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial" align=right>(97,202</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Proceeds from sale of property and
equipment</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>20,602</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial"
align=right>2,477</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial">Net cash
used in investing activities</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>(84,480</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>(96,025</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial"><B>Cash
flows from financing activities:</B></P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Proceeds from the exercise of stock options
</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>7,082</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Arial"
align=right>6,285</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Proceeds
from the issuance of Employee Stock Purchase Plan shares</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>1,957</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>2,044</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Repurchase of common stock</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>(739,638</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin-right:-2px; font-family:Arial">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>(12,706</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Excess tax
benefit from share-based payment arrangements</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>3,547</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD><TD valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>5,643</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Issuance of long term debt</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>400,000</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P style="margin-right:-4px; font-family:Palatino"
align=right>&#151;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Principal payments of notes payable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>(25,000</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Palatino" align=right>&#151;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Debt
offering costs</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>(2,023</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Palatino" align=right>&#151;</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial">Net cash (used in) provided by financing
activities</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>(354,075</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>1,266</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.6><P style="margin:0px;
font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Effect of foreign currency translation</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>1,444</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>849</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.6><P style="margin:0px;
font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Net (decrease) increase in cash and cash
equivalents</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P style="margin-right:-2px; font-family:Arial"
align=right>(194,179</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">)&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>105,497</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.6><P style="margin:0px;
font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Cash and cash equivalents at beginning of
period</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=99.933 colspan=2>
<P style="margin-right:-2px; font-family:Arial" align=right>268,188</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=88.667 colspan=3>
<P style="margin-right:-4px; font-family:Arial" align=right>162,691</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Cash and
cash equivalents at end of period</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=9.333>
<P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=90.6><P style="margin-right:-1px; font-family:Arial" align=right>74,009</P>
</TD><TD valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="border-bottom:3px double #000000" valign=bottom width=11.933 colspan=2><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-right:-2px; font-family:Arial"
align=right>268,188</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF" valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">
<B>Supplemental disclosure of cash flow information:</B></P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=99.933 colspan=2><P>&nbsp;</P></TD>
<TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=88.667 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.933>
<P style="margin:0px; font-family:Arial"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4>
<P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Interest paid</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=9.333>
<P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=90.6>
<P style="margin-right:-2px;  font-family:Arial" align=right>3,894</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.6><P>&nbsp;</P></TD>
<TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=11.267>
<P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=77.4 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>216</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Income taxes
paid</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><A NAME="OLE_LINK6"></A>
<TD style="border-bottom:3px double #000000" valign=bottom width=9.333><P style="margin-right:-2px;  font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=90.6><P style="margin:0px; font-family:Arial"
align=right>85,145</P>
</TD><TD valign=bottom width=12.6><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.267><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=77.4 colspan=2>
<P style="margin-right:-2px;  font-family:Arial" align=right>93,989</P>
</TD><TD valign=bottom width=11.933><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P STYLE="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" ALIGN="CENTER">- 5 -</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:10pt" align=center>Copart, Inc. ~ 4665 Business Center
Drive, Fairfield, California 94534 ~ (707) 639-5000</P>
<P style="margin:0px"><BR></P>
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