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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Service revenues and vehicle sales: $ 461,368 $ 419,168
Operating expenses:    
Yard operations 207,694 217,607
Cost of vehicle sales 57,756 38,297
General and administrative 44,478 39,322
Total operating expenses 309,928 295,226
Other (expense) income:    
Interest expense (4,651) (5,595)
Interest income 960 197
Other income (expense), net 1,037 (4,416)
Total other expenses (2,654) (9,814)
Operating income 151,440 123,942
Income before income taxes 148,786 114,128
Income tax expense (34,703) (36,568)
Net income 114,083 77,560
Net income attributable to noncontrolling interest 0 45
Net income attributable to Copart, Inc. $ 114,083 $ 77,515
Basic net income per common share $ 0.49 $ 0.34
Weighted average common shares outstanding 233,888 230,694
Diluted net income per common share $ 0.47 $ 0.32
Diluted weighted average common shares outstanding 244,826 238,791
Service revenues    
Service revenues and vehicle sales: $ 394,806 $ 374,125
Vehicle sales    
Service revenues and vehicle sales: $ 66,562 $ 45,043