XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Service revenues and vehicle sales:      
Service revenues $ 1,286,252 $ 1,104,379 $ 985,363
Vehicle sales 161,729 164,070 160,716
Total service revenues and vehicle sales 1,447,981 1,268,449 1,146,079
Operating expenses:      
Yard operations 678,401 582,904 526,291
Cost of vehicle sales 137,552 140,959 136,412
General and administrative 151,364 138,116 138,975
Impairment of long-lived assets 19,365 0 0
Total operating expenses 986,682 861,979 801,678
Operating income 461,299 406,470 344,401
Other (expense) income:      
Interest expense (23,779) (23,606) (18,121)
Interest income 1,406 1,449 817
Other income, net 1,174 11,552 4,972
Total other expense (21,199) (10,605) (12,332)
Income before income tax expense 440,100 395,865 332,069
Income tax expense 45,839 125,505 112,286
Net income 394,261 270,360 219,783
Net income attributable to noncontrolling interest 34 0 0
Net income attributable to Copart, Inc. $ 394,227 $ 270,360 $ 219,783
Basic net income per common share $ 1.72 $ 1.18 $ 0.87
Weighted average common shares outstanding 228,686 228,846 251,829
Diluted net income per common share $ 1.66 $ 1.11 $ 0.84
Diluted weighted average common shares outstanding 237,019 244,295 262,851