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Accounts Receivable, Net | 12 Months Ended
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Jul. 31, 2021
Accounts Receivable, after Allowance for Credit Loss [Abstract] |
Accounts Receivable, Net | NOTE 2 — Accounts Receivable, Net Accounts receivable, net consisted of:
|  | July 31,
(In thousands) |  | 2021 |  | 2020
Advance charges receivable |  | $ | 385,002 |  |  | $ | 260,196 |
Trade accounts receivable |  | 97,249 |  |  | 94,281 |
Other receivables |  | 4,013 |  |  | 2,120 |
|  | 486,264 |  |  | 356,597 |
Less: Allowance for credit loss |  | (5,636) |  |  | (6,390) |
Accounts receivable, net |  | $ | 480,628 |  |  | $ | 350,207 |
Advance charges receivable represents amounts paid to third parties on behalf of insurance companies for which the Company will be reimbursed when the vehicle is sold. As advance charges are recovered within one year, the Company has not adjusted the amount of consideration received from the customer for a significant financing component. Trade accounts receivable includes fees and gross auction proceeds to be collected from insurance companies and buyers. The movements in the allowance for credit loss was as follows:
|  | July 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Balance at beginning of year |  | $ | 6,390 |  |  | $ | 4,942 |  |  | $ | 5,444 |
Charged to costs and expenses |  | 3,454 |  |  | 5,591 |  |  | 2,409 |
Write-offs |  | (4,208) |  |  | (4,143) |  |  | (2,911) |
Balance at end of year |  | $ | 5,636 |  |  | $ | 6,390 |  |  | $ | 4,942 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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