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Segments and Other Geographic Reporting Segment Reporting (Notes) | 6 Months Ended
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Jan. 31, 2018
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 January 31, 2018 |  | Three Months Ended January 31, 2017
(In thousands) |  | United States |  | International |  | Total |  | United States |  | International |  | Total
Total service revenues and vehicle sales |  | $ | 385,135 |  |  | $ | 73,971 |  |  | $ | 459,106 |  |  | $ | 286,911 |  |  | $ | 62,621 |  |  | $ | 349,532 |
Yard operations |  | 189,378 |  |  | 27,806 |  |  | 217,184 |  |  | 146,195 |  |  | 22,886 |  |  | 169,081 |
Cost of vehicle sales |  | 28,794 |  |  | 21,519 |  |  | 50,313 |  |  | 14,473 |  |  | 19,213 |  |  | 33,686 |
General and administrative |  | 33,953 |  |  | 6,709 |  |  | 40,662 |  |  | 32,651 |  |  | 5,234 |  |  | 37,885 |
Operating income |  | 133,010 |  |  | 17,937 |  |  | 150,947 |  |  | 93,592 |  |  | 15,288 |  |  | 108,880 |
Interest (expense) income, net |  | (5,628 | ) |  | 67 |  |  | (5,561 | ) |  | (6,063 | ) |  | 303 |  |  | (5,760 | )
Other (expense) income, net |  | (490 | ) |  | (458 | ) |  | (948 | ) |  | 334 |  |  | (3,355 | ) |  | (3,021 | )
Intercompany income (expense) |  | 53,610 |  |  | (53,610 | ) |  | — |  |  | 2,947 |  |  | (2,947 | ) |  | — |
Income before income taxes |  | 180,502 |  |  | (36,064 | ) |  | 144,438 |  |  | 90,810 |  |  | 9,289 |  |  | 100,099 |
Income tax expense (benefit) |  | 37,677 |  |  | 3,460 |  |  | 41,137 |  |  | 31,677 |  |  | 2,356 |  |  | 34,033 |
Net income |  | $ | 142,825 |  |  | $ | (39,524 | ) |  | $ | 103,301 |  |  | $ | 59,133 |  |  | $ | 6,933 |  |  | $ | 66,066 |
Depreciation and amortization |  | $ | 14,054 |  |  | $ | 3,817 |  |  | $ | 17,871 |  |  | $ | 12,667 |  |  | $ | 2,548 |  |  | $ | 15,215 |
Capital expenditures, including acquisitions |  | 56,804 |  |  | 12,617 |  |  | 69,421 |  |  | 51,541 |  |  | 2,662 |  |  | 54,203 |
|  | Six Months Ended January 31, 2018 |  | Six Months Ended January 31, 2017
(In thousands) |  | United States |  | International |  | Total |  | United States |  | International |  | Total
Total service revenues and vehicle sales |  | $ | 736,240 |  |  | $ | 142,034 |  |  | $ | 878,274 |  |  | $ | 571,973 |  |  | $ | 123,550 |  |  | $ | 695,523 |
Yard operations |  | 382,211 |  |  | 52,580 |  |  | 434,791 |  |  | 292,548 |  |  | 44,144 |  |  | 336,692 |
Cost of vehicle sales |  | 47,554 |  |  | 41,056 |  |  | 88,610 |  |  | 28,722 |  |  | 38,051 |  |  | 66,773 |
General and administrative |  | 67,446 |  |  | 12,538 |  |  | 79,984 |  |  | 68,129 |  |  | 10,225 |  |  | 78,354 |
Operating income |  | 239,029 |  |  | 35,860 |  |  | 274,889 |  |  | 182,574 |  |  | 31,130 |  |  | 213,704 |
Interest (expense) income, net |  | (11,116 | ) |  | 157 |  |  | (10,959 | ) |  | (11,924 | ) |  | 542 |  |  | (11,382 | )
Other (expense) income, net |  | (4,601 | ) |  | (763 | ) |  | (5,364 | ) |  | 89 |  |  | 222 |  |  | 311 |
Intercompany income (expense) |  | 55,914 |  |  | (55,914 | ) |  | — |  |  | 5,655 |  |  | (5,655 | ) |  | — |
Income before income taxes |  | 279,226 |  |  | (20,660 | ) |  | 258,566 |  |  | 176,394 |  |  | 26,239 |  |  | 202,633 |
Income tax expense (benefit) |  | 71,262 |  |  | 6,443 |  |  | 77,705 |  |  | (36,626 | ) |  | 5,913 |  |  | (30,713 | )
Net income |  | $ | 207,964 |  |  | $ | (27,103 | ) |  | $ | 180,861 |  |  | $ | 213,020 |  |  | $ | 20,326 |  |  | $ | 233,346 |
Depreciation and amortization |  | $ | 27,583 |  |  | $ | 6,190 |  |  | $ | 33,773 |  |  | $ | 25,053 |  |  | $ | 4,871 |  |  | $ | 29,924 |
Capital expenditures, including acquisitions |  | 95,709 |  |  | 15,073 |  |  | 110,782 |  |  | 88,062 |  |  | 4,350 |  |  | 92,412 |
|  | January 31, 2018 |  | July 31, 2017
(In thousands) |  | United States |  | International |  | Total |  | United States |  | International |  | Total
Total assets |  | $ | 1,659,901 |  |  | $ | 483,640 |  |  | $ | 2,143,541 |  |  | $ | 1,514,018 |  |  | $ | 468,483 |  |  | $ | 1,982,501 |
Goodwill |  | 257,896 |  |  | 86,603 |  |  | 344,499 |  |  | 259,162 |  |  | 81,081 |  |  | 340,243 |

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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 + Details
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