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Segments and Other Geographic Reporting (Notes)
 6 Months Ended
Jan. 31, 2017
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure
NOTE 11 – Segments and Other Geographic Reporting
The Company’s U.S. and International regions are considered two separate operating segments and are disclosed as two reportable segments. The segments represent geographic areas and reflect how the chief operating decision maker allocates resources and measures results, including total revenues, operating income and income before income taxes. The segments continue to share similar business models, services and economic characteristics, although recent changes in management structure as of July 31, 2016 and continued growth in the Company’s International region have resulted in the change in the reportable segments. Prior period reportable segment information has been adjusted to reflect the change in the Company’s reportable segments. Intercompany income (expense) is primarily related to charges for services provided by the U.S. segment.
The following tables present financial information by segment:
 
 
Three Months Ended January 31, 2017
 
Three Months Ended January 31, 2016
(In thousands)
 
United States
 
International
 
Total
 
United States
 
International
 
Total
Total service revenues and vehicle sales
 
$
286,911

 
$
62,621

 
$
349,532

 
$
238,261

 
$
61,445

 
$
299,706

Yard operations
 
146,195

 
22,886

 
169,081

 
119,132

 
21,833

 
140,965

Cost of vehicle sales
 
14,473

 
19,213

 
33,686

 
12,833

 
21,294

 
34,127

General and administrative
 
32,651

 
5,234

 
37,885

 
27,243

 
5,286

 
32,529

Operating income
 
93,592

 
15,288

 
108,880

 
79,053

 
13,032

 
92,085

Interest (expense) income, net
 
(6,063
)
 
303

 
(5,760
)
 
(5,463
)
 
495

 
(4,968
)
Other income (expense), net
 
334

 
(3,355
)
 
(3,021
)
 
60

 
4,375

 
4,435

Intercompany income (expense)
 
2,947

 
(2,947
)
 
—

 
3,195

 
(3,195
)
 
—

Income before income taxes
 
90,810

 
9,289

 
100,099

 
76,845

 
14,707

 
91,552

Income taxes
 
31,677

 
2,356

 
34,033

 
29,329

 
3,219

 
32,548

Net income
 
$
59,133

 
$
6,933

 
$
66,066

 
$
47,516

 
$
11,488

 
$
59,004

 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
12,667

 
$
2,548

 
$
15,215

 
$
9,286

 
$
2,405

 
$
11,691

Capital expenditures
 
51,541

 
2,662

 
54,203

 
56,997

 
599

 
57,596

 
 
Six Months Ended January 31, 2017
 
Six Months Ended January 31, 2016
(In thousands)
 
United States
 
International
 
Total
 
United States
 
International
 
Total
Total service revenues and vehicle sales
 
$
571,973

 
$
123,550

 
$
695,523

 
$
468,726

 
$
119,818

 
$
588,544

Yard operations
 
292,548

 
44,144

 
336,692

 
234,250

 
42,624

 
276,874

Cost of vehicle sales
 
28,722

 
38,051

 
66,773

 
25,559

 
40,636

 
66,195

General and administrative
 
68,129

 
10,225

 
78,354

 
56,925

 
10,219

 
67,144

Operating income
 
182,574

 
31,130

 
213,704

 
151,992

 
26,339

 
178,331

Interest (expense) income, net
 
(11,924
)
 
542

 
(11,382
)
 
(11,059
)
 
578

 
(10,481
)
Other income (expense), net
 
89

 
222

 
311

 
361

 
5,101

 
5,462

Intercompany income (expense)
 
5,655

 
(5,655
)
 
—

 
5,994

 
(5,994
)
 
—

Income before income taxes
 
176,394

 
26,239

 
202,633

 
147,288

 
26,024

 
173,312

Income tax (benefit) expense
 
(36,626
)
 
5,913

 
(30,713
)
 
56,140

 
5,558

 
61,698

Net income
 
$
213,020

 
$
20,326

 
$
233,346

 
$
91,148

 
$
20,466

 
$
111,614

 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
25,053

 
$
4,871

 
$
29,924

 
$
18,335

 
$
4,877

 
$
23,212

Capital expenditures
 
88,062

 
4,350

 
92,412

 
76,318

 
1,445

 
77,763


 
 
January 31, 2017
 
July 31, 2016
(In thousands)
 
United States
 
International
 
Total
 
United States
 
International
 
Total
Total assets
 
$
1,422,145

 
$
419,096

 
$
1,841,241

 
$
1,249,755

 
$
400,065

 
$
1,649,820

Goodwill
 
179,906

 
76,961

 
256,867

 
179,906

 
80,292

 
260,198