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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Service revenues and vehicle sales: $ 553,116 $ 478,198 $ 1,499,382 $ 1,356,472
Operating expenses:        
Yard operations 230,553 201,592 653,707 636,383
Cost of vehicle sales 70,984 57,538 189,952 146,148
General and administrative 44,085 44,449 132,050 124,433
Total operating expenses 345,622 303,579 975,709 906,964
Other (expense) income:        
Interest expense (5,324) (4,416) (15,208) (15,769)
Interest income 240 282 1,878 676
Other income (expense), net 1,719 731 7,538 (4,633)
Total other expense (3,365) (3,403) (5,792) (19,726)
Operating income 207,494 174,619 523,673 449,508
Income before income taxes 204,129 171,216 517,881 429,782
Income tax expense (11,388) (43,811) (79,684) (121,516)
Net income 192,741 127,405 438,197 308,266
Net income attributable to noncontrolling interest 0 57 0 147
Net income attributable to Copart, Inc. $ 192,741 $ 127,348 $ 438,197 $ 308,119
Basic net income per common share $ 0.85 $ 0.55 $ 1.90 $ 1.33
Weighted average common shares outstanding 227,984 232,010 230,922 231,387
Diluted net income per common share $ 0.81 $ 0.52 $ 1.82 $ 1.28
Diluted weighted average common shares outstanding 237,892 242,960 241,158 241,030
Service revenues        
Service revenues and vehicle sales: $ 473,682 $ 410,762 $ 1,285,295 $ 1,186,841
Vehicle sales        
Service revenues and vehicle sales: $ 79,434 $ 67,436 $ 214,087 $ 169,631