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Segments and Other Geographic Reporting Segment Reporting (Notes)

3 Months Ended

Oct. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure

NOTE 12 – 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. 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 October 31, 2017												Three Months Ended October 31, 2016
(In thousands)		United States				International				Total				United States				International				Total
Total service revenues and vehicle sales		$	351,105			$	68,063			$	419,168			$	285,062			$	60,929			$	345,991
Yard operations		192,833				24,774				217,607				146,353				21,258				167,611
Cost of vehicle sales		18,760				19,537				38,297				14,249				18,838				33,087
General and administrative		33,493				5,829				39,322				35,478				4,991				40,469
Operating income		106,019				17,923				123,942				88,982				15,842				104,824
Interest (expense) income, net		(5,488		)		90				(5,398		)		(5,861		)		239				(5,622		)
Other (expense) income, net		(4,111		)		(305		)		(4,416		)		(245		)		3,577				3,332
Intercompany income (expense)		2,304				(2,304		)		—				2,708				(2,708		)		—
Income before income taxes		98,724				15,404				114,128				85,584				16,950				102,534
Income tax expense (benefit)		33,585				2,983				36,568				(68,303		)		3,557				(64,746		)
Net income		$	65,139			$	12,421			$	77,560			$	153,887			$	13,393			$	167,280
Depreciation and amortization		$	13,529			$	2,373			$	15,902			$	12,386			$	2,323			$	14,709
Capital expenditures, including acquisitions		38,905				2,456				41,361				36,521				1,688				38,209

		October 31, 2017												July 31, 2017
(In thousands)		United States				International				Total				United States				International				Total
Total assets		$	1,577,659			$	485,011			$	2,062,670			$	1,514,018			$	468,483			$	1,982,501
Goodwill		257,896				81,128				339,024				259,162				81,081				340,243

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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