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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Service revenues and vehicle sales:        
Service revenues $ 410,762 $ 332,346 $ 1,186,841 $ 949,457
Vehicle sales 67,436 41,516 169,631 119,928
Total service revenues and vehicle sales 478,198 373,862 1,356,472 1,069,385
Operating expenses:        
Yard operations 201,592 166,572 636,383 503,264
Cost of vehicle sales 57,538 34,785 146,148 101,558
General and administrative 44,449 35,717 124,433 114,071
Total operating expenses 303,579 237,074 906,964 718,893
Operating income 174,619 136,788 449,508 350,492
Other (expense) income:        
Interest expense (4,416) (5,869) (15,769) (17,972)
Interest income 282 363 676 1,084
Other income (expense), net 731 (194) (4,633) 117
Total other expenses (3,403) (5,700) (19,726) (16,771)
Income before income taxes 171,216 131,088 429,782 333,721
Income tax expense (43,811) (40,542) (121,516) (9,829)
Net income 127,405 90,546 308,266 323,892
Net income attributable to noncontrolling interest 57 0 147 0
Net income attributable to Copart, Inc. $ 127,348 $ 90,546 $ 308,119 $ 323,892
Basic net income per common share $ 0.55 $ 0.39 $ 1.33 $ 1.42
Weighted average common shares outstanding 232,010 229,920 231,387 228,146
Diluted net income per common share $ 0.52 $ 0.38 $ 1.28 $ 1.37
Diluted weighted average common shares outstanding 242,960 237,135 241,030 236,808