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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2018
Jan. 31, 2017
Service revenues and vehicle sales:        
Service revenues $ 401,954 $ 310,033 $ 776,079 $ 617,111
Vehicle sales 57,152 39,499 102,195 78,412
Total service revenues and vehicle sales 459,106 349,532 878,274 695,523
Operating expenses:        
Yard operations 217,184 169,081 434,791 336,692
Cost of vehicle sales 50,313 33,686 88,610 66,773
General and administrative 40,662 37,885 79,984 78,354
Total operating expenses 308,159 240,652 603,385 481,819
Operating income 150,947 108,880 274,889 213,704
Other (expense) income:        
Interest expense (5,758) (6,144) (11,353) (12,103)
Interest income 197 384 394 721
Other (expense) income, net (948) (3,021) (5,364) 311
Total other expenses (6,509) (8,781) (16,323) (11,071)
Income before income taxes 144,438 100,099 258,566 202,633
Income tax expense (benefit) (41,137) (34,033) (77,705) 30,713
Net income 103,301 66,066 180,861 233,346
Net income attributable to noncontrolling interest 45 0 90 0
Net income attributable to Copart, Inc. $ 103,256 $ 66,066 $ 180,771 $ 233,346
Basic net income per common share $ 0.45 $ 0.29 $ 0.78 $ 1.03
Weighted average common shares outstanding 231,478 229,142 231,086 227,288
Diluted net income per common share $ 0.43 $ 0.28 $ 0.75 $ 0.99
Diluted weighted average common shares outstanding 241,360 235,588 240,076 236,672