<SEC-DOCUMENT>0001145443-13-000754.txt : 20130228
<SEC-HEADER>0001145443-13-000754.hdr.sgml : 20130228
<ACCEPTANCE-DATETIME>20130228060954
ACCESSION NUMBER:		0001145443-13-000754
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130227
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130228
DATE AS OF CHANGE:		20130228

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:		13648978

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		7076395000

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d30266.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="02/27/2013">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:100%"><P style="margin:0px"><BR>
<BR></P>

<TABLE style="font-size:10pt" cellspacing=0 align=center width=100%>
<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:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" 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:11pt" align=center><B>February 27, 2013</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; border-bottom:1px solid #000000" 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" STYLE="border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>Delaware</B></P>
</TD><TD VALIGN="TOP" STYLE="border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>0-23255</B></P>
</TD><TD VALIGN="TOP" COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" 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>14185 Dallas Parkway, Suite 300</B></P>
<P style="line-height:11.6pt; margin:0px" align=center><B>Dallas, Texas 75254</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:11pt" align=center><B>(972) 391-5000</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:11pt" 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:11pt">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:11pt">[ ] 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:11pt">[ ]<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:11pt">[ ] 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:11pt">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).</P>
</TD></TR>
</TABLE>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>

<P style="line-height:13pt; margin:0px; font-size:11pt" 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:11pt"><B>Section 2 &#151; Financial Information</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-family:Arial Unicode MS; font-size:7.5pt"><FONT style="font-family:Times New Roman; font-size:11pt"><B><I>Item 2.02</I></B></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><B><I>Results of Operations and Financial Condition</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">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:11pt">On February 27, 2013, Copart, Inc. issued a press release announcing its financial results for the second quarter of fiscal year 2013 which ended January 31, 2013. 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:11pt"><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:11pt"><B><I>Item 9.01</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:72px; font-size:11pt"><B><I>Financial Statements and Exhibits</I></B></P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&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:11pt">&nbsp;</P>
</TD><TD valign=top width=18.2><P style="line-height:13pt; margin:0px; font-size:11pt">(d)</P>
</TD><TD valign=top width=6.067><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=558.533><P style="line-height:13pt; margin:0px; font-size:11pt">Exhibits </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following exhibit is furnished herewith: </P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&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:11pt" 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:11pt"><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:11pt" 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:11pt">Press release, dated February 27, 2013 of Copart, Inc. announcing its financial results for the second quarter ended January 31, 2013.</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>


<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>

<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>SIGNATURES</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:11pt">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:11pt">Dated: February 27, 2013 </P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:11pt"><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:11pt">By: <U>&nbsp;/s/ William E. Franklin </U></P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">William E. Franklin</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Senior Vice President of Finance and</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">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>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>

<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Exhibit </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><U>Number</U> </P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><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:11pt">99.1 </P>
<P style="line-height:13pt; margin:0px; padding-left:96px; font-size:11pt">Press release, dated February 27, 2013, of Copart, Inc. announcing its financial results for the second quarter ended January 31, 2013.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>


<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; 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:11pt">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:11pt" align=center><B>Copart Reports Second 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:11pt" align=justify>Dallas, Texas. (February 27, 2013) &#151; Copart, Inc. (NASDAQ: CPRT) today reported the results for the quarter ended January 31, 2013, the second quarter of its 2013 fiscal year.</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the three months ended January 31, 2013, revenue, operating income and net income were $266.2 million, $62.8 million and $39.6 million, respectively. These represent an increase in revenue of $38.3 million, or 16.8%; and decreases in operating income of $0.8 million, or 1.2%; and in net income of $1.0 million, or 2.4%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.31 compared to $0.31 last year.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the six months ended January 31, 2013, revenue, operating income and net income were $505.1 million, $137.1 million and $85.5 million, respectively. These represent increases in revenue of $51.5 million, or 11.4%; in operating income of $8.2, million or 6.4%; and in net income of $3.7 million, or 4.6%, respectively, from the same period last year. Fully diluted earnings per share for the six months ended January 31, 2013 were $0.66 compared to $0.62 last year, an increase of 6.5%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>The operating results for the second quarter were adversely affected by abnormal costs incurred as a result of hurricane Sandy. These costs include the additional towing, payroll, equipment, travel, housing and facilities expenses directly related to the operating conditions created by hurricane Sandy. These costs, net of the associated revenues, generated a loss of $11.9 million during the quarter and had a negative after tax impact on diluted earnings per share in the quarter of $0.06. We expect these additional costs to continue into future quarters. However, we believe they will be completely offset by auction revenues and, accordingly, no future loss is anticipated.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Included in general and administrative cost for our second quarter are the non-capitalizable costs associated with the implementation of our ERP system and the incremental costs associated with the outsourcing of our network infrastructure and our technical support functions, which together totaled $1.8 million and which had a negative after tax impact on diluted earnings per share in the quarter of $0.01. These costs will abate upon completion, which is expected to be some time in our 2014 fiscal year.&nbsp; Also included are the costs associated with our expanded international operations which totaled $1.4 million and will continue. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial; font-size:11pt" align=justify>On Thursday, February 28, 2013, 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 <FONT style="font-size:10.5pt; color:#0000FF"><U>http://w.on24.com/r.htm?e=587593&amp;s=1&amp;k=BC15C71DA1CD41A3F45BD29D977FD5EA</U></FONT><FONT style="font-family:Palatino"></FONT>. A replay of the call will be available through March 28, 2013 by calling (888) 203-1112. Use confirmation code #8426731.</P>
<P style="margin:0px"><BR></P>
<P style="margin:6.133px"><BR></P>
<P style="margin:6.133px"><BR></P>
<P style="margin:6.133px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>- 1 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>


<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; 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-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt"><B>About Copart</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" 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 162 facilities; with operations in the United States and Canada (<FONT style="color:#0000FF"><U>www.copart.com</U></FONT>), the United Kingdom (<FONT style="color:#0000FF"><U>www.copart.co.uk</U></FONT>), Brazil (<FONT style="color:#0000FF"><U>www.copart.com.br</U></FONT>), Germany (<FONT style="color:#0000FF"><U>www.copart.de</U></FONT>) and the United Arab Emirates (<FONT style="color:#0000FF"><U>www.copart.ae</U></FONT>). Copart links sellers to more than 750,000 members in over 140 countries worldwide through our online multi-channel platform. For more information, or to become a member, visit <FONT style="color:#0000FF"><U>www.copart.com</U></FONT>.</P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt" 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:11pt">Contact:</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:84px; font-family:Arial; font-size:11pt">Deana Lott, Assistant to the Chief Financial Officer</P>
<P style="line-height:13pt; margin:0px; text-indent:420px; font-family:Arial; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:48px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972-391-5094 or deana.lott@copart.com</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:Garamond 3; font-size:11pt" align=center>- 2 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>


<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; 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: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 width=100%>
<TR height=0 style="font-size:0"><TD STYLE="width: 80%"></TD><TD width=1.667></TD><TD width=10.733></TD><TD width=2.6></TD><TD width=63.667></TD><TD></TD><TD width=13></TD><TD width=62.133></TD><TD></TD><TD></TD><TD width=1.933></TD><TD width=64.067></TD><TD></TD><TD width=13.467></TD><TD width=63.333></TD><TD></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=162.6 colspan=6><P style="margin:0px; font-family:Arial" align=center><B>Three months ended January 31,</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=164.533 colspan=6><P style="margin:0px; font-family:Arial" align=center><B>Six months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>January 31,</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=1.667><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>2013</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD valign=bottom><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>2013</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Service revenues and vehicle sales:</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 66.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 62.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 64.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 63.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service revenues</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=10.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>216,920</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>186,852</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=64.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>412,099</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>369,668</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicle sales</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 10.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 66.26px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>49,265</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 62.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>41,052</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 64.06px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>92,952</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 63.33px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>83,862</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service revenues and vehicle</P>
<P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sales</P>
</TD><TD valign=bottom width=1.667><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:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>266,185</P>
</TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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:11pt" align=right>227,904</P>
</TD><TD valign=bottom><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:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>505,051</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>453,530</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Operating costs and expenses:</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Yard operations</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>116,501</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>86,422</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>204,522</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>174,427</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Cost of vehicle sales </P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>42,204</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>33,605</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>78,515</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>67,799</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Yard depreciation and amortization</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>10,663</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>8,181</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>19,761</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>16,383</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:20px; font-family:Arial; font-size:11pt">Gross margin</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>96,817</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>99,696</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>202,253</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>194,921</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">General and administrative</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>30,098</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>23,415</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>57,436</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>49,371</P>
</TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial; font-size:11pt">General and administrative depreciation and amortization</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,949</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,971</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>7,690</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>7,864</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial; font-size:11pt">Impairment of long-lived assets</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>8,771</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>8,771</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Total operating expenses</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>203,415</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>164,365</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>367,924</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>324,615</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Operating income</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>62,770</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>63,539</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>137,127</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>128,915</P>
</TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Other income (expense):</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Interest expense, net</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(2,397</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(2,914</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(4,873</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(5,039</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Other income</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>744</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1,591</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>451</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>2,155</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Total other expense</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(1,653</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(1,323</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(4,422</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(2,884</P>
</TD><TD valign=bottom><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Income before income taxes</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>61,117</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>62,216</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>132,705</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>126,031</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Income taxes</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>21,477</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>21,613</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>47,220</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>44,279</P>
</TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 10.73px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 66.26px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>39,640</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 62.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>40,603</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 12.4px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 64.06px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>85,485</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 13.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 63.33px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>81,752</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Earnings per share-basic</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=62.133><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=64.067><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.333><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net income per share</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 10.73px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 66.26px"><P style="line-height:13pt; margin:0px; padding-left:5.933px; font-family:Arial; font-size:11pt" align=right>0.32</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 62.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.32</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 10.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 3px double; vertical-align: bottom; width: 66px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.69</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 13.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 63.33px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.63</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Weighted average common shares outstanding</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,709</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>128,306</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,505</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>129,870</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD valign=bottom width=77 colspan=3><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Earnings per share-diluted</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13.33px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 63.66px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 62.13px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 64.06px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 13.46px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 63.33px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 13.6px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:20px; font-family:Arial; font-size:11pt">Diluted net income per share</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.333 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.667><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.31</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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:11pt" align=right>0.31</P>
</TD><TD valign=bottom><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:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.66</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.62</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Diluted weighted average common shares outstanding</P>
</TD><TD STYLE="vertical-align: bottom; width: 1.66px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 77px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>129,520</P>
</TD><TD STYLE="vertical-align: bottom; width: 10.46px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 75.13px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>131,590</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.33px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.46px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>128,997</P>
</TD><TD STYLE="vertical-align: bottom; width: 11.26px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 76.8px"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>132,696</P>
</TD><TD STYLE="vertical-align: bottom; width: 13.6px"><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:Garamond 3; font-size:11pt" align=center>- 3 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>


<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; 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" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Balance Sheets </B></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 width=100%>
<TR height=0 style="font-size:0"><TD STYLE="width: 80%"></TD><TD width=12.8></TD><TD width=9.333></TD><TD width=3></TD><TD width=85.667></TD><TD width=12.4></TD><TD width=10.933></TD><TD width=73.467></TD><TD width=1.867></TD><TD width=9.2></TD><TD width=1.333></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>January 31,</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>&nbsp;2013</B></P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><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>2012</B></P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>ASSETS</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current assets:</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=9.333><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=88.667 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>49,510</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>140,112</P>
</TD><TD valign=bottom width=10.533 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts receivable, net</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>198,805</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>138,966</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Inventories and vehicle pooling costs</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>31,103</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>24,222</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>12,462</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>2,312</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>4,207</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>3,600</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>11,633</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>9,155</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Assets held for sale</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>4,185</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>3,926</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>311,905</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>322,293</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Property and equipment, net</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>657,424</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>587,163</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Intangibles, net</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>14,925</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,985</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Goodwill</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>210,188</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>196,438</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>27,596</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>22,280</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>31,908</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>18,907</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.333 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,253,946</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.467><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,155,066</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current liabilities:</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities </P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>125,400</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>102,958</P>
</TD><TD valign=bottom width=10.533 colspan=2><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred revenue</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>5,363</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>5,390</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>6,083</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>3,082</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; text-indent:40px; font-family:Arial">Current portion of long-term debt and capital lease obligations</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>75,177</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>75,170</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; text-indent:40px; font-family:Arial">Other current liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>788</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>785</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total current liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>212,811</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>187,385</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>9,153</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,186</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>24,434</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>22,531</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Long-term debt and capital lease obligations</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>333,068</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>368,950</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>6,977</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,897</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>586,443</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>593,949</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: top; width: 12.4px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Commitments and contingencies</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Stockholders&#146; equity:</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Preferred stock, $0.0001 par value - 5,000,000 shares authorized; no shares issued and outstanding at January 31, 2013 and July 31, 2012, respectively</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="line-height:11.5pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="line-height:11.5pt; margin:0px; padding-right:8px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Common stock, $0.0001 par value - 180,000,000 shares authorized; 125,284,122 and 124,393,700 shares issued and outstanding at January 31, 2013 and July&nbsp;31, 2012, respectively</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>13</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>12</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Additional paid in capital</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>353,111</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>326,187</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accumulated other comprehensive loss</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>(32,270)</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>(38,043)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Retained earnings</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>346,649</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>272,961</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total stockholders&#146; equity</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.8px"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 98px"><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>667,503</P>
</TD><TD STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 84.4px"><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>561,117</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 12.4px"><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: bottom; width: 80%"><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total liabilities and stockholders&#146; equity</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=9.333><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=88.667 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,253,946</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,155,066</P>
</TD><TD valign=bottom width=10.533 colspan=2><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>- 4 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>

<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

<PAGE>

<P style="margin:0px"><BR></P>


<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; 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:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Statements of Cash Flows<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands)</P>
<P style="line-height:14pt; 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 width=100%>
<TR height=0 style="font-size:0"><TD STYLE="width: 80%"></TD><TD width=15.733></TD><TD width=9.333></TD><TD width=94.6></TD><TD></TD><TD width=11.267></TD><TD width=0.667></TD><TD width=81.8></TD><TD width=6.867></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=206.333 colspan=6><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>Six&nbsp;Months&nbsp;Ended<BR>
January 31,</B></P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR><TD STYLE="vertical-align: bottom; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2013</B></P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2012</B></P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from operating activities:</B></P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net income</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=9.333><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=94.6><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>85,485</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=11.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=81.8><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>81,752</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Adjustments to reconcile net income to net cash provided by operating activities:</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>27,451</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>24,247</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Allowance for doubtful accounts</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>184</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(99</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Stock-based compensation</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>9,920</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>11,028</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Excess tax benefits from stock-based compensation</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,293</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,104</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Impairment of long-lived assets</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,771</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Gain on sale of property and equipment</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(183</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(963</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred income taxes</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,986</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(9,068</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Changes in operating assets and liabilities, net of effects from acquisitions:</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Accounts receivable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(59,165</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(29,549</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Vehicle pooling costs and inventories</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,860</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>766</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Prepaid expenses and other current assets</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,529</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,933</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Other assets</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(7,014</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>247</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Accounts payable and accrued liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>18,695</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,431</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred revenue</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(28</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>697</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes receivable</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,776</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>3,281</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes payable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,918</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(12</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>271</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(148</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash provided by operating activities</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>53,090</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>90,348</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from investing activities:</B></P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Purchases of property and equipment including acquisitions</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(110,554</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(15,055</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from sale of property and equipment</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,851</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>761</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Investment in escrow</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,371</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in investing activities</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(115,074</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="border-top: #000000 1px solid; border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(14,294</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from financing activities:</B></P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from the exercise of stock options</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>16,358</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,335</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from the issuance of Employee Stock Purchase Plan shares</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>951</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,019</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Repurchase of common stock</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(14,512</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(135,395</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Excess tax benefit from stock-based payment arrangements</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,293</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,104</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from issuance of debt</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>125,000</P>
</TD><TD valign=bottom width=6.867><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Debt offering costs</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(313</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Principal payments on long-term debt</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=103.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(37,505</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.733 colspan=3><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(18,750</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in financing activities</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(29,415</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(21,000</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Effect of foreign currency translation</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>797</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,423</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net (decrease) increase in cash and cash equivalents</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(90,602</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">)&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>53,631</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Cash and cash equivalents at beginning of period</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 103.93px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>140,112</P>
</TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; vertical-align: bottom; width: 93.73px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>74,009</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">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="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>49,510</P>
</TD><TD valign=bottom><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.933 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=81.8><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>127,640</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD COLSPAN="2" STYLE="vertical-align: bottom; width: 103.93px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD COLSPAN="3" STYLE="vertical-align: bottom; width: 93.73px"><P>&nbsp;</P></TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Supplemental disclosure of cash flow information:</B></P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=103.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.733 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Interest paid</P>
</TD><TD STYLE="vertical-align: bottom; width: 15.73px"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 9.33px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 94.6px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,220</P>
</TD><TD STYLE="vertical-align: bottom"><P>&nbsp;</P></TD><TD STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 11.26px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD COLSPAN="2" STYLE="border-bottom: #000000 3px double; vertical-align: bottom; width: 82.46px"><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,221</P>
</TD><TD STYLE="vertical-align: bottom; width: 6.86px"><P>&nbsp;</P></TD></TR>
<TR STYLE="background-color: White"><TD STYLE="vertical-align: top; width: 80%"><P style="line-height:10pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">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="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.6><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>55,874</P>
</TD><TD valign=bottom><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.267><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=82.467 colspan=2><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>50,019</P>
</TD><TD valign=bottom width=6.867><P style="line-height:10pt; margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)"><TD valign=bottom width=685.267 colspan=9><P>&nbsp;</P></TD></TR>
</TABLE>
<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; font-family:Garamond 3; font-size:11pt" align=center>- 5 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>


<P style="margin:0px"><BR></P>

<HR NOSHADE SIZE="5">

</DIV>
</BODY>

<!-- EDGAR Validation Code: 572396B1 -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
