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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2019
Service revenues and vehicle sales $ 2,692,511 $ 2,205,583 $ 2,041,957
Operating Costs and Expenses 1,556,085 1,389,484 1,325,482
Operating expenses:      
Yard operations 1,003,292 972,487 888,111
Cost of vehicle sales 346,128 225,294 255,504
General and administrative 206,665 191,703 181,867
Total operating expenses 1,556,085 1,389,484 1,325,482
Operating income 1,136,426 816,099 716,475
Other expense:      
Interest expense, net (20,247) (18,871) (17,585)
Other income, net 5,667 3,611 6,061
Total other expense (14,580) (15,260) (11,524)
Income before income taxes 1,121,846 800,839 704,951
Income tax expense 185,351 100,932 113,258
Net income $ 936,495 $ 699,907 $ 591,693
Basic net income per common share $ 3.96 $ 3.00 $ 2.57
Weighted average common shares outstanding 236,252 233,202 230,489
Diluted net income per common share $ 3.90 $ 2.93 $ 2.46
Diluted weighted average common shares outstanding 240,290 238,656 240,453
Service revenues      
Service revenues and vehicle sales $ 2,291,867 $ 1,947,140 $ 1,755,694
Vehicle sales      
Service revenues and vehicle sales $ 400,644 $ 258,443 $ 286,263