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Accounts Receivable Accounts Receivable (Tables)
3 Months Ended
Oct. 31, 2018
Accounts Receivable [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
NOTE 2 — Accounts Receivable, Net
Accounts receivable, net consisted of:
(In thousands)
 
October 31, 2018
 
July 31, 2018
Advance charges receivable
 
$
260,459

 
$
230,092

Trade accounts receivable
 
79,229

 
125,255

Other receivables
 
1,870

 
1,698

 
 
341,558

 
357,045

Less: Allowance for doubtful accounts
 
(5,554
)
 
(5,444
)
Accounts receivable, net
 
$
336,004

 
$
351,601


Advance charges receivable represents amounts paid to third parties on behalf of insurance companies for which the Company will be reimbursed when the vehicle is sold. As advance charges are recovered within one year, the Company has not adjusted the amount of consideration received from the customer for a significant financing component. Trade accounts receivable includes fees and gross auction proceeds to be collected from insurance companies and buyers.