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v3.10.0.1

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2016
Revenues | $ 1,805,695 | $ 1,447,981 | $ 1,268,449
Operating expenses: |  |  |
Yard operations | 846,868 | 678,401 | 582,904
Cost of vehicle sales | 196,461 | 137,552 | 140,959
General and administrative | 176,890 | 151,364 | 138,116
Impairment of long-lived assets | 1,131 | 19,365 | 0
Total operating expenses | 1,221,350 | 986,682 | 861,979
Operating income | 584,345 | 461,299 | 406,470
Other (expense) income: |  |  |
Interest expense | (20,368) | (23,779) | (23,606)
Interest income | 1,293 | 1,406 | 1,449
Other income (expense), net | (2,759) | 1,174 | 11,552
Total other expense | (21,834) | (21,199) | (10,605)
Income before income tax expense | 562,511 | 440,100 | 395,865
Income tax expense | 144,504 | 45,839 | 125,505
Net income | 418,007 | 394,261 | 270,360
Net income attributable to noncontrolling interest | 140 | 34 | 0
Net income attributable to Copart, Inc. | $ 417,867 | $ 394,227 | $ 270,360
Basic net income per common share | $ 1.80 | $ 1.72 | $ 1.18
Weighted average common shares outstanding | 231,793 | 228,686 | 228,846
Diluted weighted average common shares outstanding | 241,877 | 237,019 | 244,295
Diluted net income per common share | $ 1.73 | $ 1.66 | $ 1.11
Service revenues |  |  |
Revenues | $ 1,578,502 | $ 1,286,252 | $ 1,104,379
Vehicle sales |  |  |
Revenues | 227,193 | 161,729 | 164,070
International [Member] |  |  |
Operating expenses: |  |  |
Impairment of long-lived assets | 1,157 |  |
Operating Segments [Member] | International [Member] |  |  |
Revenues | 314,673 | 254,793 | 252,413
Operating expenses: |  |  |
Yard operations | 116,003 | 92,814 | 88,758
Cost of vehicle sales | 95,331 | 76,068 | 85,093
General and administrative | 32,750 | 20,972 | 19,801
Impairment of long-lived assets | 1,131 | 0 |
Operating income | 69,458 | 64,939 | 58,761
Other (expense) income: |  |  |
Other income (expense), net | 526 | 1,184 | 10,336
Income before income tax expense | 60,550 | 54,574 | 56,852
Income tax expense | 8,368 | 10,854 | 9,838
Net income attributable to Copart, Inc. | $ 52,182 | $ 43,720 | $ 47,014

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