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Quarterly Information (Tables) | 12 Months Ended
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Jul. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly financial information |
|  | Fiscal Quarter |  |  |  |  |  |
Fiscal Year 2020 (In thousands, except per share data) |  | First |  | Second |  | Third |  | Fourth
Total revenue |  | $ | 554,424 |  |  | $ | 575,140 |  |  | $ | 550,360 |  |  | $ | 525,659 |
Gross profit |  | 254,869 |  |  | 259,889 |  |  | 242,613 |  |  | 250,431 |
Operating income |  | 205,391 |  |  | 209,892 |  |  | 195,101 |  |  | 205,715 |
Income before income taxes |  | 202,082 |  |  | 205,074 |  |  | 191,800 |  |  | 201,883 |
Net income attributable to Copart, Inc. |  | 218,180 |  |  | 168,707 |  |  | 147,487 |  |  | 165,533 |
Basic net income per common share |  | $ | 0.94 |  |  | $ | 0.73 |  |  | $ | 0.63 |  |  | $ | 0.70 |
Diluted net income per common share |  | $ | 0.91 |  |  | $ | 0.71 |  |  | $ | 0.62 |  |  | $ | 0.69 |
|  | Fiscal Quarter |  |  |  |  |  |
Fiscal Year 2019 (In thousands, except per share data) |  | First |  | Second |  | Third |  | Fourth
Total revenue |  | $ | 461,368 |  |  | $ | 484,898 |  |  | $ | 553,116 |  |  | $ | 542,575 |
Gross profit |  | 195,918 |  |  | 208,226 |  |  | 251,579 |  |  | 242,619 |
Operating income |  | 151,440 |  |  | 164,739 |  |  | 207,494 |  |  | 192,802 |
Income before income taxes |  | 148,786 |  |  | 164,966 |  |  | 204,129 |  |  | 187,070 |
Net income attributable to Copart, Inc. |  | 114,083 |  |  | 131,373 |  |  | 192,741 |  |  | 153,496 |
Basic net income per common share |  | $ | 0.49 |  |  | $ | 0.57 |  |  | $ | 0.85 |  |  | $ | 0.67 |
Diluted net income per common share |  | $ | 0.47 |  |  | $ | 0.55 |  |  | $ | 0.81 |  |  | $ | 0.64 |
(1)Earnings per share were computed independently for each of the periods presented; therefore, the sum of the earnings per share amounts for the quarters may not equal the total for the year.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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