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Property and Equipment, Net Property and Equipment, Net
 9 Months Ended
Apr. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
NOTE 3 — Property and Equipment, Net
Property and equipment, net consisted of the following:
(In thousands)April 30, 2020July 31, 2019
Land$1,149,026  $939,817  
Buildings and improvements902,420  686,615  
Transportation and other equipment268,780  236,282  
Office furniture and equipment68,074  63,200  
Software49,032  39,434  
 2,437,332  1,965,348  
Less: Accumulated depreciation and amortization(599,035) (537,622) 
Property and equipment, net$1,838,297  $1,427,726  
Depreciation expense on property and equipment was $24.5 million and $18.6 million for the three months ended April 30, 2020 and 2019, respectively, and $67.0 million and $55.3 million for the nine months ended April 30, 2020 and 2019, respectively.