<SEC-DOCUMENT>0001145443-13-001879.txt : 20130925
<SEC-HEADER>0001145443-13-001879.hdr.sgml : 20130925
<ACCEPTANCE-DATETIME>20130924203026
ACCESSION NUMBER:		0001145443-13-001879
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130924
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130925
DATE AS OF CHANGE:		20130924

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:		131113245

	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>d30776.htm
<DESCRIPTION>8-K
<TEXT>
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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="09/24/2013">
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<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">

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

<TABLE style="font-size:10pt" cellspacing=0 align=center width=100%>
<TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD></TD><TD width=64></TD><TD width=144></TD></TR>
<TR><TD style="border-top:3px double #000000" valign=top colspan=5><P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>____________________________________________</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:19pt; margin-top:22.667px; margin-bottom:0px; font-size:17pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:15pt; margin-top:17.333px; margin-bottom:0px; font-size:13pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:15pt; margin:0px; font-size:13pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom colspan=3><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>September 24, 2013</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date of Report (date of earliest event reported)</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="margin-top:22.667px; margin-bottom:0px; padding-bottom:4px" align=center><BR></P>
<P style="line-height:19pt; margin:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Exact name of Registrant as specified in its charter)</B></P>
</TD></TR>
<TR><TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>Delaware</B></P>
</TD><TD STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>0-23255</B></P>
</TD><TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></P>
</TD><TD valign=top><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(Commission File Number)</B></P>
</TD><TD valign=top colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(I.R.S. Employer<BR>
Identification Number)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom colspan=3><P style="line-height:11.6pt; margin-top:3.333px; margin-bottom:0px" align=center><B>14185 Dallas Parkway, Suite 300</B></P>
<P style="line-height:11.6pt; margin:0px" align=center><B>Dallas, Texas 75254</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom colspan=3><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>(972) 391-5000</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom colspan=5><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>Not applicable</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Former name or former address, if changed since last report)</B></P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="margin-top:14.667px; margin-bottom:0px; font-size:11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="margin:0px; font-size:11pt">[ &nbsp;] Written communication pursuant to Rule 425 under Section Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top colspan=5><P style="line-height:13pt; margin:0px; font-size: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 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 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>

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<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="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-family:Arial Unicode MS; font-size:7.5pt"><FONT style="font-family:Times New Roman; font-size:11pt"><B><I>Item 2.02</I></B></FONT></P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><B><I>Results of Operations and Financial Condition</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following information is intended to be furnished under Item 2.02 of Form 8-K, &#147;Results of Operations and Financial Condition.&#148; This information shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">On September 24, 2013, Copart, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended July 31, 2013. The full text of the press release is furnished herewith as <U>Exhibit 99.1</U>.</P>
<P style="margin:0px"><BR></P>
<P style="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="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 width=100%>
<TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=18.2></TD><TD width=6.067></TD><TD></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><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 width=80%>
<TR height=0 style="font-size:0"><TD width=56.733></TD><TD></TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Exhibit<BR><U>Number</U></B></P>
</TD><TD valign=top><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><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; padding-left:48px; font-size:11pt">Press release, dated September 24, 2013 of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year ended July 31, 2013.</P>
</TD></TR>
</TABLE>

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<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: September 24, 2013 </P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:11pt"><B>Copart, Inc.</B></P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>
<P style="line-height:13pt; margin:0px; padding-left:336px; font-size:11pt">By: <U>&nbsp;/s/ William E. Franklin </U></P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">William E. Franklin</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Senior Vice President of Finance and</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Chief Financial Officer</P>

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<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 September 24, 2013, of Copart, Inc. announcing its financial results for the fourth quarter and fiscal year ended July 31, 2013.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>



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<TYPE>EX-99.1
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<FILENAME>d30776_ex99-1.htm
<DESCRIPTION>EX-99.1
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<TITLE>Press Release Draft 4 (00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="09/24/2013">
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<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">For Immediate Release</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Copart Reports Fourth Quarter Financial Results</B></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Dallas, Texas. (September 24, 2013) &#151; Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2013.</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 July 31, 2013, revenue, operating income and net income were $263.7 million, $63.1 million and $41.3 million, respectively. These represent an increase in revenue of $37.1 million, or 16.4%; and decreases in operating income of $6.4 million, or 9.3%; and in net income of $3.6 million, or 8.0%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.32 compared to $0.35 last year, a decrease of 8.6%.</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 twelve months ended July 31, 2013, revenue, operating income and net income were $1,046.4 million, $283.0 million and $180.0 million, respectively. These represent increases in revenue of $122.2 million, or 13.2%; and decreases in operating income of $3.4, million or 1.2%; and in net income of $2.1 million, or 1.1%, respectively, from the same period last year. Fully diluted earnings per share for the twelve months ended July 31, 2013 and July 31, 2012 were $1.39.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Included in the financial results for the most recent quarter are the results of our QCSA acquisition, which we closed on May 30, 2013. These results included revenues of $11.2 million and expenses, including operational, general and administrative and deal-specific costs, of $13.7 million. We expect our QCSA acquisition to contribute to our operating margin by our third quarter of fiscal year 2014.</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>&nbsp;&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">Copart also announced today that its Board of Directors has concluded its investigation into the possibility of converting to a real estate investment trust (REIT). As previously disclosed the Board began this review in 2012 and retained outside, expert advisors to assist it in conducting the review. Following this process, Copart&#146;s board unanimously determined that Copart would not pursue a REIT conversion at this time. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P STYLE="font: 11pt/13pt Arial; margin: 0px; text-align: justify">On Wednesday, September 25, 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&nbsp;&nbsp;<U>http://w.on24.com/r.htm?e=682297&amp;s=1&amp;k=53B067B7327E8356C223CD689A7999D0</U>. A replay of the call will be available through October 23, 2013 by calling (888) 203-1112. Use confirmation code #7330277.</FONT></P>
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<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>- 1 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>

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<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt"><B>About Copart</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB<SUP>2</SUP> technology.&nbsp; Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company has facilities 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>), the United Arab Emirates (<U>www.copart.ae</U>) and Spain (<U>www.autoresiduos.com</U>). Copart links sellers to more than 750,000 members in over 140 countries worldwide through our online multi-channel platform. For more information, or to become a member, visit <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: 5.53px; margin-bottom: 5.53px; font-family: Arial; text-align: justify">This press release contains forward-looking statements within the meaning of federal securities laws, and these forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the &#147;Management's Discussion and Analysis&#148; and the other risks identified in Copart&#146;s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully.&nbsp;We do not undertake to update any forward-looking statement that may be made from time to time on our behalf. </P>
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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 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" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Statements of Income </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=300.533></TD><TD width=1.867></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=8.667></TD><TD width=1.867></TD><TD width=1.933></TD><TD width=68.4></TD><TD width=6.933></TD><TD width=13.467></TD><TD width=63.333></TD><TD width=13.4></TD></TR>
<TR><TD valign=bottom width=300.533><P>&nbsp;</P></TD><TD valign=bottom width=1.867><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<BR>July 31,</B></P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=164.6 colspan=7><P style="margin:0px; font-family:Arial" align=center><B>Twelve months ended</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>July 31,</B></P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><P>&nbsp;</P></TD><TD valign=bottom width=1.867><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=80.867 colspan=4><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=6.933><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=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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:#CCFFFF0" valign=bottom width=12.333><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=72.2 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><P>&nbsp;</P></TD><TD valign=bottom width=10.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>213,591</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=62.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>187,464</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=8.667><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=72.2 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>849,667</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=63.333><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>757,272</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>50,106</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>39,092</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=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=72.2 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>196,719</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>166,919</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>263,697</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>226,556</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.667><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72.2 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1,046,386</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>924,191</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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=80.867 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>107,292</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>85,907</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>417,462</P>
</TD><TD valign=bottom width=6.933><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>344,566</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>43,090</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>32,914</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>167,236</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>136,971</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>10,243</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>8,309</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>40,766</P>
</TD><TD valign=bottom width=6.933><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>33,038</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>103,072</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>99,426</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>420,922</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>409,616</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial; font-size:11pt">General and administrative</P>
</TD><TD valign=bottom width=1.867><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>35,782</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>26,404</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>121,968</P>
</TD><TD valign=bottom width=6.933><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>99,376</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>4,238</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>3,528</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>15,962</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>15,116</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><P style="line-height:13pt; margin:0px; padding-left:30px; font-family:Arial; font-size:11pt">Impairment</P>
</TD><TD valign=bottom width=1.867><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" 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 style="border-bottom:1px solid #000000" 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 style="border-bottom:1px solid #000000" valign=bottom width=80.867 colspan=4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=6.933><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>8,771</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>200,645</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>157,062</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>763,394</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>637,838</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>63,052</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>69,494</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>282,992</P>
</TD><TD valign=bottom width=6.933><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>286,353</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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=80.867 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>(2,356</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>(3,015</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(9,629</P>
</TD><TD valign=bottom width=6.933><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>(10,984</P>
</TD><TD valign=bottom width=13.4><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=300.533><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Other income</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=1.867><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>1,466</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>999</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,509</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>2,687</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>(890</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>(2,016</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(6,120</P>
</TD><TD valign=bottom width=6.933><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>(8,297</P>
</TD><TD valign=bottom width=13.4><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=300.533><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=1.867><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>62,162</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>67,478</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>276,872</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>278,056</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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>20,858</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>22,582</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD valign=bottom width=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>96,847</P>
</TD><TD valign=bottom width=6.933><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>95,937</P>
</TD><TD valign=bottom width=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>41,304</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>44,896</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=12.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=68.4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>180,025</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>182,119</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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=12.467 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=68.4><P>&nbsp;</P></TD><TD valign=bottom width=6.933><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=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=66.267 colspan=2><P style="line-height:13pt; margin:0px; padding-left:5.933px; font-family:Arial; font-size:11pt" align=right>0.33</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>0.36</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=10.533 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=70.333 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1.44</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>1.42</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><P>&nbsp;</P></TD><TD valign=bottom width=1.867><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=80.867 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD valign=bottom width=76.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>125,380</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>126,112</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,912</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>128,120</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><P>&nbsp;</P></TD><TD valign=bottom width=1.867><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=80.867 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.933><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=13.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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=12.467 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=68.4><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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=13.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=300.533><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=1.867><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">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.667><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.32</P>
</TD><TD valign=bottom width=10.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>0.35</P>
</TD><TD valign=bottom width=12.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.467 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=68.4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1.39</P>
</TD><TD valign=bottom width=6.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.467><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</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>1.39</P>
</TD><TD valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCFFFF" valign=bottom width=300.533><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=1.867><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>130,613</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>129,853</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=80.867 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>129,781</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=6.933><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>131,428</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=13.4><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>- 3 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>

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<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Balance Sheets </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<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>July 31,</B></P>
<P style="margin:0px; font-family:Arial" align=center><B>&nbsp;2013</B></P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.4 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>July&nbsp;31, </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><TD 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">$</P>
</TD><TD valign=bottom width=88.667 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>63,631</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>140,112</P>
</TD><TD valign=bottom width=10.533 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><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>182,714</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>137,900</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>31,202</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>9,416</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>2,216</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>15,344</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 style="background-color:#CCFFFF" 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 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>1,929</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>3,926</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:93.333px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>306,452</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>321,227</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">Property and equipment, net</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>677,517</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>587,163</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">Intangibles, net</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>17,706</P>
</TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>7,985</P>
</TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><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">Goodwill</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=98 colspan=3><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>267,463</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>196,438</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">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>30,117</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>22,280</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><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">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>35,226</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>18,907</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.333 colspan=2><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>1,334,481</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.467><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,154,000</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>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=12.8><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=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="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12.4><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=84.4 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.4 colspan=3><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><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 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=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">Accounts payable and accrued liabilities</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=85.667><P style="margin:0px; padding-right:8.133px; font-family:Arial" align=right>136,648</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>101,892</P>
</TD><TD valign=bottom width=10.533 colspan=2><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">Bank overdraft</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>16,291</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="line-height:11.5pt; margin:0px; padding-right:8px; font-family:Arial; font-size:9.5pt" align=right>&#151;</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">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>4,832</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>4,741</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 STYLE="vertical-align: bottom; width: 455.4px; padding-left: 40px"><P style="margin:0px; font-family:Arial">Current portion of long-term debt and capital lease<BR>&nbsp;&nbsp;&nbsp;&nbsp;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>76,047</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>238,559</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>186,319</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>8,071</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>23,091</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>296,410</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>5,949</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>572,080</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>592,883</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 July 31, 2013 and July 31, 2012, respectively</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD><TD valign=bottom width=98 colspan=3><P style="line-height:11.5pt; margin:0px; padding-right:8.133px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD valign=bottom width=84.4 colspan=2><P style="line-height:11.5pt; margin:0px; padding-right:8px; font-family:Arial; font-size:9.5pt" align=right>&#151;</P>
</TD><TD valign=bottom width=12.4 colspan=3><P>&nbsp;</P></TD></TR>
<TR><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; 125,494,995 and 124,393,700 shares issued and outstanding at July 31, 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>368,769</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>(47,161)</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>440,780</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>762,401</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>1,334,481</P>
</TD><TD valign=bottom width=12.4><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.933><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=75.333 colspan=2><P style="margin:0px; padding-right:8px; font-family:Arial" align=right>1,154,000</P>
</TD><TD valign=bottom width=10.533 colspan=2><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>- 4 -</P>
<P style="line-height:13pt; margin:0px; font-family:Garamond 3; font-size:11pt" align=center>Copart, Inc. ~ 14185 Dallas Parkway, Suite 300, Dallas TX 75254 ~ (972) 391-5000</P>

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

<HR NOSHADE SIZE="5">

<PAGE>

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



<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center><B>Consolidated Statements of Cash Flows<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(in thousands)</P>
<P style="line-height:14pt; margin:0px; font-family:Arial; font-size:12pt" align=center>(Unaudited)</P>
<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>Twelve&nbsp;Months&nbsp;Ended<BR>
July 31,</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">$</P>
</TD><TD valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>180,025</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</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>182,119</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>56,728</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>48,167</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>(356</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>(192</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>19,557</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>21,791</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>(6,097</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>(4,367</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>(962</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>(143</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>(3,605</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>(17,579</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>(31,171</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>(16,004</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>(5,403</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>924</P>
</TD><TD style="background-color:#CCFFFF" 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">Prepaid expenses and other current assets</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,971</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>6,026</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">Other 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>(18,714</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>(1,951</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">Accounts payable and accrued liabilities</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>14,749</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>(3,805</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:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Deferred revenue</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(871</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>(243</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">Income taxes receivable</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(752</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>7,082</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 payable</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>1,609</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>(2,545</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; font-family:Arial; font-size:9.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities</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>560</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&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>1,622</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 provided by operating activities</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>199,326</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>229,673</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>&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"><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:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from investing activities:</B></P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=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">Purchases of property and equipment including 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 style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(214,287</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>(57,396</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">Proceeds from sale of property and equipment</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>6,266</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>9,309</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:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in investing activities</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; 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>(208,021</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-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>(48,087</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>&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>Cash flows from financing 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">Proceeds from the exercise of stock options</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>21,442</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>13,651</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 the issuance of Employee Stock Purchase Plan shares</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>1,948</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>1,957</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">Repurchase of common stock</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>(15,009</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>(203,285</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">Excess tax benefit 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>6,097</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>4,367</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 issuance of long-term debt</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>125,000</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">Debt offering costs</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=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>(313</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">Change in book overdraft</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>16,291</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>&#151;</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">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>(96,660</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>(56,250</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 valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(65,891</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>(114,873</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 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">Effect of foreign currency translation</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,895</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>(610</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>&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">Net (decrease) increase in cash and cash equivalents</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF" valign=bottom width=104.067 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(76,481</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">)&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>66,103</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=12><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=456.4><P>&nbsp;</P></TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD valign=bottom width=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">Cash and cash equivalents at beginning of period</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=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 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>74,009</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 end of period</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>63,631</P>
</TD><TD valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="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>140,112</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>&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>Supplemental disclosure of cash flow information:</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">Interest paid</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=15.733><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>10,267</P>
</TD><TD style="background-color:#CCFFFF" valign=bottom width=8.667><P>&nbsp;</P></TD><TD style="background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</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>11,333</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">Income taxes paid</P>
</TD><TD valign=bottom width=15.733><P>&nbsp;</P></TD><A NAME="OLE_LINK6"></A><TD style="border-bottom:3px double #000000" valign=bottom width=9.4><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=94.667><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>95,182</P>
</TD><TD valign=bottom width=8.667><P style="margin:0px; font-family:Arial; font-size:9.5pt">&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</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>106,581</P>
</TD><TD 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 75254 ~ (972) 391-5000</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>



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