XML 40 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Information
 12 Months Ended
Jul. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (in thousands, except per share data) (Unaudited)
19 — Quarterly Financial Information (in thousands, except per share data) (Unaudited)(1) 
 
 
Fiscal Quarter
Fiscal Year 2017
 
First (2)
 
Second (2)
 
Third (2)
 
Fourth
Total revenue
 
$
345,991

 
$
349,532

 
$
373,862

 
$
378,596

Gross margin
 
145,293

 
146,765

 
172,505

 
167,465

Operating income
 
104,824

 
108,880

 
136,788

 
110,807

Income before income taxes
 
102,534

 
100,099

 
131,088

 
106,379

Net income attributable to Copart, Inc.
 
167,280

 
66,066

 
90,546

 
70,335

Basic net income per common share
 
$
0.74

 
$
0.29

 
$
0.39

 
$
0.31

Diluted net income per common share
 
$
0.70

 
$
0.28

 
$
0.38

 
$
0.30


 
 
Fiscal Quarter
Fiscal Year 2016
 
First (2)
 
Second (2)
 
Third (2)
 
Fourth (2)
Total revenue
 
$
288,838

 
$
299,706

 
$
347,246

 
$
332,659

Gross margin
 
120,861

 
124,614

 
157,647

 
141,464

Operating income
 
86,246

 
92,085

 
121,948

 
106,191

Income before income taxes
 
81,760

 
91,552

 
116,568

 
105,985

Net income attributable to Copart, Inc.
 
52,610

 
59,007

 
74,623

 
84,120

Basic net income per common share
 
$
0.22

 
$
0.25

 
$
0.34

 
$
0.38

Diluted net income per common share
 
$
0.21

 
$
0.24

 
$
0.32

 
$
0.35

(1)
Earnings per share were computed independently for each of the periods presented; therefore, the sum of the earnings per share amounts for the quarters may not equal the total for the year.
(2)
Earnings per share data were revised from previously reported amounts due to a two-for-one common stock split effected in the form of a stock dividend. See Note 1 — Summary of Significant Accounting Policies.