<SEC-DOCUMENT>0001145443-14-000205.txt : 20140226
<SEC-HEADER>0001145443-14-000205.hdr.sgml : 20140226
<ACCEPTANCE-DATETIME>20140225193506
ACCESSION NUMBER:		0001145443-14-000205
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140225
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140226
DATE AS OF CHANGE:		20140225

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:		14642503

	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>d31168.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Simon Rote">
<META NAME="date" CONTENT="02/25/2014">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD width=208></TD><TD width=64></TD><TD width=144></TD></TR>
<TR><TD style="border-top:3px double #000000" valign=top width=624 colspan=5><P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>____________________________________________</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:19pt; margin-top:22.667px; margin-bottom:0px; font-size:17pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:15pt; margin-top:17.333px; margin-bottom:0px; font-size:13pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:15pt; margin:0px; font-size:13pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>February 25, 2014</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date of Report (date of earliest event reported)</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:19pt; margin:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><BR>
<B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Exact name of Registrant as specified in its charter)</B></P>
</TD></TR>
<TR><TD valign=top width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Delaware</B></P>
</TD><TD valign=top width=208><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>0-23255</B></P>
</TD><TD valign=top width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD valign=top width=208 colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></P>
</TD><TD valign=top width=208><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(Commission File Number)</B></P>
</TD><TD valign=top width=208 colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(I.R.S. Employer<BR>
Identification Number)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:11.6pt; margin-top: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 width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>(972) 391-5000</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=624 colspan=5><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>Not applicable</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Former name or former address, if changed since last report)</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="margin-top:14.667px; margin-bottom:0px; font-size:11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="margin-top:7.333px; margin-bottom:0px; font-size:11pt">[ &nbsp;] Written communication pursuant to Rule 425 under Section Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt">[ &nbsp;]<B> </B>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<FONT style="font-family:Arial Unicode MS"> </FONT>240.14d-2(b)).</P>
</TD></TR>
<TR><TD style="border-bottom:3px double #000000" valign=top width=624 colspan=5><P style="line-height:13pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt">[ &nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>INFORMATION INCLUDED IN THIS REPORT</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><B>Section &nbsp;2 &#151; Financial Information</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; font-size:11pt"><B><I>Item 2.02</I></B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:6.133px; text-indent:96px; font-size:11pt"><B><I>Results of Operations and Financial Condition</I></B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:6.133px; text-indent:32.667px; font-size:11pt">The following information is intended to be furnished under Item 2.02 of Form 8-K, &#147;Results of Operations and Financial Condition.&#148; This information shall not be deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:6.133px; text-indent:32.667px; font-size:11pt">On February 25, 2014, Copart, Inc. issued a press release announcing its financial results for the second quarter of fiscal year 2014 which ended January 31, 2014. The full text of the press release is furnished herewith as <U>Exhibit 99.1</U>.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><B>Section 9 &#151; Financial Statements and Exhibits </B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><B><I>Item 9.01</I></B></P>
<P style="line-height:13pt; margin:0px; text-indent:72px; font-size:11pt"><B><I>Financial Statements and Exhibits</I></B></P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=18.2></TD><TD width=6.067></TD><TD width=558.533></TD></TR>
<TR><TD width=24.267><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=18.2><P style="line-height:13pt; margin:0px; font-size:11pt">(d)</P>
</TD><TD valign=top width=6.067><P style="margin:0px; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=558.533><P style="line-height:13pt; margin:0px; font-size:11pt">Exhibits </P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; text-indent:32.667px; font-size:11pt">The following exhibit is furnished herewith: </P>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=56.733></TD><TD width=446.667></TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Exhibit <U>Number</U></B></P>
</TD><TD valign=top width=446.667><P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; text-indent:48px; font-size:11pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD valign=top width=56.733><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>99.1</P>
</TD><TD valign=top width=446.667><P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; padding-left:48px; font-size:11pt">Press release, dated February 25, 2014 of Copart, Inc. announcing its financial results for the second quarter of fiscal year 2014 which ended January 31, 2014.</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-family:Arial Unicode MS; font-size:11pt">&nbsp;</P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center>SIGNATURES</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; font-size:11pt">Dated: February 25, 2014 </P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:11pt"><B>Copart, Inc.</B></P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>
<P style="line-height:13pt; margin:0px; padding-left:336px; font-size:11pt">By: <U>&nbsp;/s/ William E. Franklin </U></P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">William E. Franklin</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Senior Vice President of Finance and</P>
<P style="line-height:13pt; margin:0px; padding-left:360px; font-size:11pt">Chief Financial Officer</P>
<P style="margin-top:14.667px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt">Exhibit </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><U>Number</U> </P>
<P style="line-height:13pt; margin:0px; text-indent:96px; font-size:11pt"><U>Description</U></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; padding-left:96px; text-indent:-96px; font-size:11pt">99.1 </P>
<P style="line-height:13pt; margin:0px; padding-left:96px; font-size:11pt">Press release, dated February 25, 2014, of Copart, Inc. announcing its financial results for the second quarter of fiscal year 2014 which ended January 31, 2014.</P>
<P style="margin-top:14.667px; margin-bottom:0px"><BR>
<BR></P>
</DIV></BODY>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d31168_ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Press Release Draft 4 &nbsp;(00003332.DOC;1)</TITLE>
<META NAME="author" CONTENT="Rob Foss">
<META NAME="date" CONTENT="02/25/2014">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">For Immediate Release</P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Copart Reports Second Quarter Fiscal 2014 Financial Results</B></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Dallas, Texas. (February 25, 2014) &#151; Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2014.</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the three months ended January 31, 2014, revenue, operating income and net income were $286.4 million, $71.5 million and $45.3 million, respectively. &nbsp;These represent increases in revenue of $20.2 million, or 7.6%; in operating income of $8.7 million, or 13.9%; and in net income of $5.7 million, or 14.4%, respectively, from the same quarter last year. &nbsp;Fully diluted earnings per share for the three months were $0.35 compared to $0.31 last year, an increase of 12.9%.</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>For the six months ended January 31, 2014, revenue, operating income and net income were $566.3 million, $136.4 million and $86.8 million, respectively. &nbsp;These represent an increase in revenue of $61.3 million, or 12.1%; a decrease in operating income of $0.7 million, or 0.5%; and an increase in net income of $1.3 million, or 1.5%, respectively, from the same quarter last year. &nbsp;Fully diluted earnings per share for the six months were $0.66 for both periods.</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 severance, relocation and lease termination costs of $4.5 million associated with the integration of the QCSA acquisition, which we closed on May 30, 2013, and the relocation of the technology department from Fairfield, California to Dallas, Texas. We expect severance and lease termination costs to continue into our fourth quarter of this fiscal year. </P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">On Wednesday, February 26, 2014, at 11 a.m. Eastern time, Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live at <FONT style="color:#0000FF"><U>http://64.202.98.81/conferenceamerica</U></FONT><FONT style="font-family:Palatino"></FONT>. &nbsp;A replay of the call will be available through April 27, 2014 by calling (877) 919-4059. &nbsp;Use confirmation code #91488337.</P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt"><B>About Copart</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=justify>Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. &nbsp;Copart remarkets the vehicles through Internet sales utilizing its VB3 technology.&nbsp; Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others, as well as cars sourced from the general public. The company currently operates in the United States and Canada (<FONT style="color:#0000FF"><U>www.copart.com</U></FONT>), the United Kingdom (<FONT style="color:#0000FF"><U>www.copart.co.uk</U></FONT>), Brazil (<FONT style="color:#0000FF"><U>www.copart.com.br</U></FONT>), Germany (<FONT style="color:#0000FF"><U>www.copart.de</U></FONT>), the United Arab Emirates (<FONT style="color:#0000FF"><U>www.copart.ae</U></FONT>) and Spain (<FONT style="color:#0000FF"><U>www.autoresiduos.com</U></FONT>). Copart links sellers to more than 750,000 members in over 140 countries worldwide through our online multi-channel platform. &nbsp;For more information, or to become a member, visit <FONT style="color:#0000FF"><U>www.copart.com</U></FONT>.</P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="margin:6.133px" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; text-indent:277.667px; font-family:Garamond 3; font-size:11pt">- 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, Texas 75254 ~ (972) 391-5000</P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:6.133px" align=justify><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-family:Arial; font-size:11pt" align=justify><B>Cautionary Note About Forward-Looking Statements</B></P>
<P style="margin-top:5.533px; margin-bottom:5.533px; font-family:Arial" 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. &nbsp;</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px"><BR></P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; font-family:Arial; font-size:11pt">Contact:</P>
<P style="line-height:15pt; margin-top:0px; margin-bottom:-20px; text-indent:84px; font-family:Arial; font-size:11pt">Cindy Cross, 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;(707) 646-2123</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;cynthia.cross@copart.com</P>
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<P style="line-height:13pt; margin:0px; text-indent:277.667px; font-family:Garamond 3; font-size:11pt">- 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, Texas 75254 ~ (972) 391-5000</P>
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<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
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<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Consolidated Statements of Income </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(in thousands, except per share data)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=302.467></TD><TD width=2></TD><TD width=10.933></TD><TD width=2.667></TD><TD width=64.4></TD><TD width=12></TD><TD width=13.2></TD><TD width=63.067></TD><TD width=15.2></TD><TD width=8.8></TD><TD width=2></TD><TD width=1.867></TD><TD width=70.133></TD><TD width=6.267></TD><TD width=13.733></TD><TD width=64></TD><TD width=12.8></TD></TR>
<TR><TD valign=bottom width=302.467><P>&nbsp;</P></TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=166.267 colspan=6><P style="margin:0px; font-family:Arial" align=center><B>Three months ended &nbsp;January 31,</B></P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=166.8 colspan=7><P style="margin:0px; font-family:Arial" align=center><B>Six months ended </B></P>
<P style="margin:0px; font-family:Arial" align=center><B>January 31,</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><P>&nbsp;</P></TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="margin:0px; font-family:Arial" align=center><B>2014</B></P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="margin:0px; font-family:Arial" align=center><B>2013</B></P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=10.933><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=67.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=63.067><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=8.8><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=74 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=64><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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=2><P>&nbsp;</P></TD><TD valign=bottom width=10.933><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=67.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>235,732</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=13.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>216,920</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=8.8><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=74 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>462,095</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD valign=bottom width=13.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD valign=bottom width=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>412,099</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=10.933><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=67.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>50,702</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>49,265</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=8.8><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=74 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>104,222</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>92,952</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><P style="line-height:13pt; margin:0px; padding-left:80px; text-indent:-13.333px; font-family:Arial; font-size:11pt">Total service revenues and vehicle sales</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.933><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=67.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>286,434</P>
</TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>266,185</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.8><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>566,317</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.733><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=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>505,051</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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=2><P>&nbsp;</P></TD><TD valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>121,786</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>116,501</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>237,647</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>204,522</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>43,642</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>42,204</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>89,733</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>78,515</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>9,460</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>10,663</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>19,555</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>19,761</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>111,546</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>96,817</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>219,382</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>202,253</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><P style="line-height:13pt; margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial; font-size:11pt">General and administrative</P>
</TD><TD valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>36,447</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>30,098</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>74,914</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>57,436</P>
</TD><TD valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,615</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>3,949</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>8,025</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>7,690</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>214,950</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>203,415</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>429,874</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>367,924</P>
</TD><TD valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>71,484</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>62,770</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>136,443</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>137,127</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=78 colspan=3><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=82.8 colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=6.267><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(2,066</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(2,397</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(4,203</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(4,873</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>1,170</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>744</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>2,593</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>451</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(896</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(1,653</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(1,610</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>(4,422</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">)&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>70,588</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>61,117</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>134,833</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>132,705</P>
</TD><TD valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>25,243</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>21,477</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>48,066</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>47,220</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.933><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=67.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>45,345</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>39,640</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.667 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=70.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>86,767</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>85,485</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=10.933><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=67.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=63.067><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=12.667 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=70.133><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=64><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.933><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=67.067 colspan=2><P style="line-height:13pt; margin:0px; padding-left:5.933px; font-family:Arial; font-size:11pt" align=right>0.36</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.32</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=10.8 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.69</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=13.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.69</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>125,550</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,709</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>125,505</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>124,505</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=78 colspan=3><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=76.267 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=82.8 colspan=4><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=77.733 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P style="margin:0px; font-family:Arial; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.6 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.4><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.067><P>&nbsp;</P></TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.667 colspan=3><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=13.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64><P>&nbsp;</P></TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=302.467><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 style="background-color:#CCEEFF" valign=bottom width=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.6 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=64.4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.35</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=63.067><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.31</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=12.667 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=70.133><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.66</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=13.733><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=64><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>0.66</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=302.467><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 valign=bottom width=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=78 colspan=3><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>131,087</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>129,520</P>
</TD><TD valign=bottom width=15.2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=82.8 colspan=4><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>130,751</P>
</TD><TD valign=bottom width=6.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=77.733 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=right>128,997</P>
</TD><TD valign=bottom width=12.8><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; text-indent:277.667px; font-family:Garamond 3; font-size:11pt">- 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, Texas 75254 ~ (972) 391-5000</P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>Consolidated Balance Sheets </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(in thousands)</P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center>(Unaudited)</P>
<P style="line-height:13pt; margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=0.667></TD><TD width=420.067></TD><TD width=18></TD><TD width=12></TD><TD width=96.067></TD><TD width=12></TD><TD width=11.867></TD><TD width=72.133></TD><TD width=17.867></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=bottom width=420.067><P>&nbsp;</P></TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>January 31,</B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>&nbsp;2014</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>July&nbsp;31, </B></P>
<P style="line-height:13pt; margin:0px; font-family:Arial; font-size:11pt" align=center><B>2013</B></P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt" align=center><B>ASSETS</B></P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current assets:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Cash and cash equivalents</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>46,199</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>63,631</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accounts receivable, net</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>222,104</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>182,714</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Vehicle pooling costs and inventories</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>33,597</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>31,202</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Income taxes receivable</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,628</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>9,416</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>3,829</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>2,216</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Prepaid expenses and other assets</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>20,069</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>15,344</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Assets held for sale</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>1,503</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>1,929</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total current assets</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>332,929</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>306,452</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><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:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>707,379</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>677,517</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Intangibles, net</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>19,709</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>17,706</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Goodwill</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>291,227</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>267,463</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>30,654</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>30,117</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other assets</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>56,595</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>35,226</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total assets</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>1,438,493</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>1,334,481</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="line-height:13pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:11pt" align=center><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Current liabilities:</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accounts payable and accrued liabilities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>154,871</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>136,648</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Bank overdraft</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>17,034</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>16,291</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Deferred revenue</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,179</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,832</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,539</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>4,741</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Current portion of long-term debt and capital lease obligations</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>77,028</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>76,047</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total current liabilities</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>259,651</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>238,559</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Deferred income taxes</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>7,461</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>8,071</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Income taxes payable</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>24,165</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>23,091</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><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:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>261,182</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>296,410</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Other liabilities</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,310</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>5,949</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total liabilities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>557,769</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>572,080</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Commitments and contingencies</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial">Stockholders&#146; equity:</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Preferred stock, $0.0001 par value &#150; 5,000,000 shares authorized; no shares issued and outstanding at January 31, 2014 and July 31, 2013 respectively</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>&#151;</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial">Common stock, $0.0001 par value &#150; 180,000,000 shares authorized; 125,860,010 and 125,494,995 shares issued and outstanding at January 31, 2014 and July 31, 2013, respectively</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>13</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>13</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Additional paid-in capital</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>384,947</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>368,769</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Accumulated other comprehensive loss</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>(31,718</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P style="margin:0px; font-family:Arial">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>(47,161</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P style="margin:0px; font-family:Arial">)</P>
</TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial">Retained earnings</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>527,482</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>440,780</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total stockholders&#146; equity</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=18><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=108.067 colspan=2><P style="margin:0px; font-family:Arial" align=right>880,724</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=12><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="margin:0px; font-family:Arial" align=right>762,401</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=420.733 colspan=2><P style="margin:0px; padding-left:40px; text-indent:-13.333px; font-family:Arial">Total liabilities and stockholders&#146; equity</P>
</TD><TD valign=bottom width=18><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>1,438,493</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.867><P style="margin:0px; font-family:Arial">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72.133><P style="margin:0px; font-family:Arial" align=right>1,334,481</P>
</TD><TD valign=bottom width=17.867><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; text-indent:277.667px; font-family:Garamond 3; font-size:11pt">- 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, Texas 75254 ~ (972) 391-5000</P>
<P style="margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:B Garamond 3 Bold; font-size:14pt; page-break-before:always" align=center><B>Copart, Inc. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial" align=center><B>Consolidated Statements of Cash Flows<A NAME="ConsolidatedStatementsOfCashFlows_164734"></A></B></P>
<P style="margin:0px; font-family:Arial" align=center>(in thousands)</P>
<P style="margin:0px; font-family:Arial" align=center>(Unaudited)</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=456.467></TD><TD width=11.6></TD><TD width=12.067></TD><TD width=72.067></TD><TD width=1.6></TD><TD width=16.267></TD><TD width=12.067></TD><TD width=84.733></TD><TD width=11.933></TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=198.8 colspan=6><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>Three&nbsp;Months&nbsp;Ended<BR>
January&nbsp;31,</B></P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=center><B>2014</B></P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 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=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=72.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>86,767</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>85,485</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>27,580</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>27,451</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>884</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>184</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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 style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>10,639</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>9,920</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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 valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,171</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,293</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,743</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(183</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(5,982</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,986</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(38,928</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(58,315</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(1,718</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(6,860</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,266</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(3,529</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(12,602</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(7,014</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>7,724</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>17,845</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>347</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(28</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,799</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(4,776</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,494</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,918</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:53.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Other liabilities</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,967</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>271</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>75,791</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>53,090</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from investing activities:</B></P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Purchases of property and equipment including acquisitions</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(65,996</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(116,925</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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 assets held for sale</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>2,576</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,851</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:66.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Net cash used in investing activities</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(63,420</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(115,074</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Cash flows from financing activities:</B></P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Proceeds from the exercise of stock options</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,550</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>16,358</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Excess tax benefit from stock-based payment compensation</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,171</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,293</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>1,115</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>951</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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 bank overdraft</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>743</P>
</TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 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=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(37,500</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(37,505</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Repurchases of common stock</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(80</P>
</TD><TD valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(14,512</P>
</TD><TD valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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 style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(30,001</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(29,415</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>198</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>797</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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 in cash and cash equivalents</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(17,432)</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>(90,602</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=456.467><P>&nbsp;</P></TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><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:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>63,631</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:1px solid #000000" valign=bottom width=96.8 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:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><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=11.6><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=73.667 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>46,199</P>
</TD><TD valign=bottom width=16.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>49,510</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:13.333px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt"><B>Supplemental disclosure of cash flow information:</B></P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD valign=bottom width=84.133 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=17.867 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=96.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#CCEEFF" valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Interest paid</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=73.667 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>4,495</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=16.267><P>&nbsp;</P></TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="background-color:#CCEEFF; border-bottom:3px double #000000" valign=bottom width=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>5,220</P>
</TD><TD style="background-color:#CCEEFF" valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=456.467><P style="line-height:11.5pt; margin:0px; padding-left:26.667px; text-indent:-13.333px; font-family:Arial; font-size:9.5pt">Income taxes paid</P>
</TD><TD valign=bottom width=11.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.067><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=73.667 colspan=2><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>47,891</P>
</TD><TD valign=bottom width=16.267><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.067><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=84.733><P style="line-height:11.5pt; margin:0px; font-family:Arial; font-size:9.5pt" align=right>55,874</P>
</TD><TD valign=bottom width=11.933><P>&nbsp;</P></TD></TR>
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<P style="line-height:13pt; margin:0px; text-indent:277.667px; font-family:Garamond 3; font-size:11pt">- 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, Texas 75254 ~ (972) 391-5000</P>
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