<SEC-DOCUMENT>0001145443-13-001366.txt : 20130531
<SEC-HEADER>0001145443-13-001366.hdr.sgml : 20130531
<ACCEPTANCE-DATETIME>20130531072504
ACCESSION NUMBER:		0001145443-13-001366
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130530
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130531
DATE AS OF CHANGE:		20130531

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:		13883470

	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>d30490.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="05/30/2013">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD width=208></TD><TD width=64></TD><TD width=144></TD></TR>
<TR><TD style="border-top:3px double #000000" valign=top width=624 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 width=624 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 width=624 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 width=624 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 width=624 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 width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>May 30, 2013</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 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 width=624 colspan=5><P style="margin-top:22.667px; margin-bottom:0px; padding-bottom:4px" align=center><BR></P>
<P style="line-height:19pt; margin:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD valign=top width=624 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 width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Delaware</B></P>
</TD><TD valign=top width=208><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>0-23255</B></P>
</TD><TD valign=top width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD valign=top width=208 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 width=208><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 width=208 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 width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:11.6pt; margin-top:13.333px; 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 &nbsp;75254</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 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 width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 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 width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 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 width=624 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=624 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 width=624 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 width=624 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 width=624 colspan=5><P style="margin:0px; font-size:11pt">[ &nbsp;] Written communication pursuant to Rule 425 under Section Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;]<B> </B>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<FONT style="font-family:Arial Unicode MS"> </FONT>240.14d-2(b)).</P>
</TD></TR>
<TR><TD style="border-bottom:3px double #000000" valign=top width=624 colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt">[ &nbsp;] 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" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<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 &nbsp;2 &#151; Financial Information</B></P>
<P style="line-height:13pt; margin:0px; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-family:Arial Unicode MS; font-size:7.5pt">&nbsp;<FONT style="font-family:Times New Roman; font-size:11pt"><B><I>Item 2.02</I></B></FONT></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; font-size:11pt">&nbsp;</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="line-height:13pt; margin:0px; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">On May 30, 2013, Copart, Inc. issued a press release announcing its financial results for the third quarter of fiscal year 2013 which ended April 30, 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 May 30, 2013 of Copart, Inc. announcing its financial results for the third quarter ended April 30, 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" align=center><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<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>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: May 30, 2013 </P>
<P style="line-height:13pt; margin:0px; text-indent:288px; 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; page-break-before:always"><BR></P>
<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 May 30, 2013, of Copart, Inc. announcing its financial results for the third quarter ended April 30, 2013.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>
</DIV></BODY>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d30490_ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Press Release Draft 4 &nbsp;(00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="05/30/2013">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><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;&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 Third 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. (May 30, 2013) &#151; Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2013, the third 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 April 30, 2013, revenue, operating income and net income were $277.6 million, $82.8 million and $53.2 million, respectively. &nbsp;These represent an increase in revenue of $33.5 million, or 13.7%; and decreases in operating income of $5.1 million, or 5.8%; and in net income of $2.2 million, or 4.0%, respectively, from the same quarter last year. &nbsp;Fully diluted earnings per share for the three months were $0.41 compared to $0.43 last year, a decrease of 4.7%.</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 nine months ended April 30, 2013, revenue, operating income and net income were $782.7 million, $219.9 million and $138.7 million, respectively. &nbsp;These represent increases in revenue of $85.1 million, or 12.2%; in operating income of $3.1, million or 1.4%; and in net income of $1.5 million, or 1.1%, respectively, from the same period last year. &nbsp;Fully diluted earnings per share for the nine months ended April 30, 2013 were $1.07 compared to $1.04 last year, an increase of 2.9%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>The operating results for the third quarter were adversely affected by abnormal costs incurred as a result of hurricane Sandy. &nbsp;These costs include the additional towing, payroll, equipment, travel, housing and facilities expenses directly related to the operating conditions created by hurricane Sandy. Also included are costs associated with our international expansion and the incremental towing and processing costs tied to the 21% year over year growth in inventory. </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>Included in general and administrative cost for our third 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 $1.7 million. These costs are expected to abate upon completion of the implementation, which is currently expected to occur sometime 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="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">On Friday, May 31, 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 </P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt"><U>http://w.on24.com/r.htm?e=619533&amp;s=1&amp;k=7DA8D85F9B7D206FEB6915BBAAFCE40C</U></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">. A replay of the call will be available through June 30, 2013 by calling (888) 203-1112. &nbsp;Use confirmation code #8903126.</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>
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<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 &nbsp;75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&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. &nbsp;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 164 facilities; with operations in the United States and Canada (<U>www.copart.com</U>), the United Kingdom (<U>www.copart.co.uk</U>), Brazil (<U>www.copart.com.br</U>), Germany (<U>www.copart.de</U>) and the United Arab Emirates (<U>www.copart.ae</U>). Copart links sellers to more than 750,000 members in over 140 countries worldwide through our online multi-channel platform. &nbsp;For more information, or to become a member, visit <U>www.copart.com</U>.</P>
<P style="margin:6.133px" align=justify><BR></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. &nbsp;</P>
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<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>
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<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 &nbsp;75254 ~ (972) 391-5000</P>
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<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Statements of Income </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=300.6></TD><TD width=1.667></TD><TD width=10.733></TD><TD width=2.6></TD><TD width=63.667></TD><TD width=10.467></TD><TD width=13></TD><TD width=62.133></TD><TD width=12.333></TD><TD width=10.467></TD><TD width=1.933></TD><TD width=64.067></TD><TD width=11.267></TD><TD width=13.467></TD><TD width=63.333></TD><TD width=13.6></TD></TR>
<TR><TD valign=bottom width=300.6><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 &nbsp;April 30,</B></P>
</TD><TD valign=bottom width=12.333><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>Nine months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>April 30,</B></P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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 width=10.467><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 width=12.333><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 width=11.267><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 width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=62.133><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=64.067><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=63.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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>223,977</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>200,140</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=64.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>636,076</P>
</TD><TD valign=bottom width=11.267><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>569,808</P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=10.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>53,661</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=13><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>43,965</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=64.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>146,613</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=13.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>127,827</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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</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;vehicle 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>277,638</P>
</TD><TD valign=bottom width=10.467><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">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>244,105</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>782,689</P>
</TD><TD valign=bottom width=11.267><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>697,635</P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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>105,648</P>
</TD><TD valign=bottom width=10.467><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>84,232</P>
</TD><TD valign=bottom width=12.333><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>310,169</P>
</TD><TD valign=bottom width=11.267><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>258,659</P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>45,631</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>36,258</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,146</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>104,057</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.6><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>10,762</P>
</TD><TD valign=bottom width=10.467><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>8,346</P>
</TD><TD valign=bottom width=12.333><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>30,524</P>
</TD><TD valign=bottom width=11.267><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>24,729</P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>115,597</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>115,269</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>317,850</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>310,190</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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>28,750</P>
</TD><TD valign=bottom width=10.467><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>23,602</P>
</TD><TD valign=bottom width=12.333><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>86,186</P>
</TD><TD valign=bottom width=11.267><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>72,973</P>
</TD><TD valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>4,034</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,723</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>11,724</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>11,587</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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 width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=12.333><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 width=11.267><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 width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; 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>194,825</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; 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>156,161</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; 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>562,749</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; 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>480,776</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.6><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>82,813</P>
</TD><TD valign=bottom width=10.467><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>87,944</P>
</TD><TD valign=bottom width=12.333><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>219,940</P>
</TD><TD valign=bottom width=11.267><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>216,859</P>
</TD><TD valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.6><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>(2,400</P>
</TD><TD valign=bottom width=10.467><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>(2,930</P>
</TD><TD valign=bottom width=12.333><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>(7,273</P>
</TD><TD valign=bottom width=11.267><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>(7,969</P>
</TD><TD valign=bottom width=13.6><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Other income (expense)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1,592</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(467</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>2,043</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1,688</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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>(808</P>
</TD><TD valign=bottom width=10.467><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=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(3,397</P>
</TD><TD valign=bottom width=12.333><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>(5,230</P>
</TD><TD valign=bottom width=11.267><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>(6,281</P>
</TD><TD valign=bottom width=13.6><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>82,005</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>84,547</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>214,710</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>210,578</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.6><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>28,769</P>
</TD><TD valign=bottom width=10.467><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>29,076</P>
</TD><TD valign=bottom width=12.333><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>75, 989</P>
</TD><TD valign=bottom width=11.267><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>73,355</P>
</TD><TD valign=bottom width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=10.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>53,236</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>55,471</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.4 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; 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>138,721</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>137,223</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Earnings per share-basic</P>
</TD><TD valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=62.133><P>&nbsp;</P></TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=64.067><P>&nbsp;</P></TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.333><P>&nbsp;</P></TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net income per share</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=10.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; padding-left:5.933px; font-family:Arial; font-size:11pt" align=right>0.42</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.44</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=10.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=66 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1.11</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; 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>1.07</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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 width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=75.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=76.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=11.267><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>125,270</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>126,596</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,755</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>128,794</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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 width=10.467><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 width=12.333><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 width=11.267><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 width=13.6><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=13.333 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=63.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=13><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=62.133><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=12.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=64.067><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=13.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=63.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.6><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>0.41</P>
</TD><TD valign=bottom width=10.467><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">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.43</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.4 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>1.07</P>
</TD><TD valign=bottom width=11.267><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>1.04</P>
</TD><TD valign=bottom width=13.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.6><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="background-color:#CCFFFF" valign=bottom width=1.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=77 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>130,530</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=75.133 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>130,451</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>129,502</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=11.267><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>131,959</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.6><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 &nbsp;75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&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>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=455.4></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 valign=bottom width=455.4><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>April 30,</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 valign=bottom width=455.4><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 valign=bottom width=455.4><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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current assets:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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>139,331</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:18px; 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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts receivable, net</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>164,155</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>138,966</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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>28,407</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>4,384</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>2,312</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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>4,162</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>10,794</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>9,155</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Assets held for sale</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>1,929</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; padding-right:8px; font-family:Arial" align=right>3,926</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>353,162</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>322,293</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Property and equipment, 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>676,698</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>587,163</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Intangibles, net</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>13,100</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,985</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Goodwill</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>208,580</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>196,438</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>23,872</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>22,280</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other 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>23,270</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>18,907</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=455.4><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 style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; 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="background-color:#CCFFFF; 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>1,298,682</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; 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="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.467><P style="margin:0px; padding-right:18px; font-family:Arial" align=right>1,155,066</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><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 style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current liabilities:</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities </P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>129,001</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=10.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:18px; font-family:Arial" align=right>102,958</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.533 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Deferred revenue</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>5,405</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>5,390</P>
</TD><TD valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>8,034</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>3,082</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; 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>75,937</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; text-indent:40px; font-family:Arial">Other current liabilities</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=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 style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>785</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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>218,377</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>8,638</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,186</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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>26,185</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><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="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>314,230</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>368,950</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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>6,858</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total liabilities</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>574,288</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>593,949</P>
</TD><TD style="background-color:#CCFFFF" valign=top width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Stockholders&#146; equity:</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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 April 30, 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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><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; 125,436,992 and 124,393,700 shares issued and outstanding at April 30, 2013 and July&nbsp;31, 2012, respectively</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>13</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>12</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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>361,585</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Accumulated other comprehensive loss</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>(37,078)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>(38,043)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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>399,874</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><TD style="background-color:#CCFFFF" valign=bottom width=455.4><P style="margin:0px; padding-left:93.333px; text-indent:-13.333px; font-family:Arial">Total stockholders&#146; equity</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>724,394</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>561,117</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><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>1,298,682</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:18px; 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></P>
<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 &nbsp;75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&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>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=456.4></TD><TD width=15.733></TD><TD width=9.4></TD><TD width=94.667></TD><TD width=8.667></TD><TD width=11.333></TD><TD width=0.533></TD><TD width=81.267></TD><TD width=12></TD></TR>
<TR><TD valign=bottom width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=205.867 colspan=6><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>Nine&nbsp;Months&nbsp;Ended<BR>
April 30,</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2013</B></P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2012</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>138,721</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=81.267><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>137,223</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>42,248</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>36,316</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Allowance for doubtful accounts</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>234</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(254</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>14,671</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>16,342</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,164</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(2,696</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,771</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(922</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,298</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,372</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(11,705</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(24,769</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,402</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,304</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,740</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(2,877</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>7,434</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Other assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,145</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>576</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>22,321</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>815</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred revenue</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>15</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>733</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes receivable</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,213</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>3,825</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes payable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,695</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,858</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>438</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(327</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>183,003</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>196,951</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(145,508</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(28,706</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,470</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,572</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(140,038</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(27,134</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>19,579</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>9,327</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>951</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,019</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Repurchase of common stock</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(14,512</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(137,655</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>6,164</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>2,696</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>125,000</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Debt offering costs</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(313</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(56,255</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(37,500</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(44,073</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(37,426</P>
</TD><TD valign=bottom width=12><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>327</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>734</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(781</P>
</TD><TD valign=bottom width=8.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)&nbsp;</P>
</TD><TD valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>133,125</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; 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 valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>140,112</P>
</TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=93.133 colspan=3><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>74,009</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; 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 style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>139,331</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=81.267><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>207,134</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Supplemental disclosure of cash flow information:</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=93.133 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Interest paid</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>7,758</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=81.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>8,227</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=top width=456.4><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes paid</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><A NAME="OLE_LINK6"></A><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>68,179</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=81.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>75,800</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=690 colspan=9><P>&nbsp;</P></TD></TR>
</TABLE>
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<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 &nbsp;75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
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