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Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Apr. 30, 2017 | Apr. 30, 2016 | Apr. 30, 2017 | Apr. 30, 2016
Service revenues and vehicle sales: |  |  |  |
Service revenues | $ 332,346 | $ 303,507 | $ 949,457 | $ 814,891
Vehicle sales | 41,516 | 43,739 | 119,928 | 120,899
Total service revenues and vehicle sales | 373,862 | 347,246 | 1,069,385 | 935,790
Operating expenses: |  |  |  |
Yard operations | 166,572 | 151,855 | 503,264 | 428,729
Cost of vehicle sales | 34,785 | 37,744 | 101,558 | 103,939
General and administrative | 35,717 | 35,699 | 114,071 | 102,843
Total operating expenses | 237,074 | 225,298 | 718,893 | 635,511
Operating income | 136,788 | 121,948 | 350,492 | 300,279
Other (expense) income: |  |  |  |
Interest expense | (5,869) | (5,702) | (17,972) | (16,996)
Interest income | 363 | 283 | 1,084 | 1,096
Other (expense) income, net | (194) | 39 | 117 | 5,501
Total other expenses | (5,700) | (5,380) | (16,771) | (10,399)
Income before income taxes | 131,088 | 116,568 | 333,721 | 289,880
Income tax expense | 40,542 | 41,944 | 9,829 | 103,642
Net income | $ 90,546 | $ 74,624 | $ 323,892 | $ 186,238
Basic net income per common share | $ 0.39 | $ 0.34 | $ 1.42 | $ 0.80
Weighted average common shares outstanding | 229,920 | 221,088 | 228,146 | 234,142
Diluted net income per common share | $ 0.38 | $ 0.32 | $ 1.37 | $ 0.75
Diluted weighted average common shares outstanding | 237,135 | 236,412 | 236,808 | 248,780

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