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Property and Equipment, Net

12 Months Ended

Jul. 31, 2012

Property, Plant and Equipment [Abstract]

(5)

Property and Equipment, Net

Property and equipment consists of the following (in thousands):

	July 31,
	2012			2011
Transportation and other equipment	$	52,066		$	65,009
Office furniture and equipment		53,363			53,411
Software		54,399			46,761
Land		350,463			343,170
Buildings and leasehold improvements		400,302			384,366
		910,593			892,717
Less accumulated depreciation and amortization		(323,430	)		(292,329	)
	$	587,163		$	600,388

Depreciation expense on property and equipment was $34.8 million, $40.2 million and $39.0 million for the fiscal years ended July 31, 2012, 2011 and 2010 respectively. Amortization expense of software was $8.9 million, $0.8 million and $0.3 million for the fiscal years ended July 31, 2012, 2011 and 2010 respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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