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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Service revenues and vehicle sales: $ 554,424 $ 461,368
Operating expenses:    
Yard operations 240,791 207,694
Cost of vehicle sales 58,764 57,756
General and administrative 49,478 44,478
Total operating expenses 349,033 309,928
Other (expense) income:    
Interest expense (4,611) (4,651)
Interest income 585 960
Other income, net 717 1,037
Total other expense (3,309) (2,654)
Operating income 205,391 151,440
Income before income taxes 202,082 148,786
Income tax (benefit) expense 16,098 (34,703)
Net income $ 218,180 $ 114,083
Basic net income per common share $ 0.94 $ 0.49
Weighted average common shares outstanding 231,169 233,888
Diluted net income per common share $ 0.91 $ 0.47
Diluted weighted average common shares outstanding 238,662 244,826
Service revenues    
Service revenues and vehicle sales: $ 487,856 $ 394,806
Vehicle sales    
Service revenues and vehicle sales: $ 66,568 $ 66,562