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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Service revenues and vehicle sales: $ 617,031 $ 575,140 $ 1,209,971 $ 1,129,564
Operating Costs and Expenses 358,810 365,248 703,156 714,281
Interest expense, net (4,849) (4,464) (9,881) (8,490)
Operating expenses:        
Yard operations 235,904 257,351 467,715 498,142
Cost of vehicle sales 73,629 57,900 137,989 116,664
General and administrative 49,277 49,997 97,452 99,475
Total operating expenses 358,810 365,248 703,156 714,281
Other expense:        
Interest expense, net (4,849) (4,464) (9,881) (8,490)
Other income, net (920) (354) 2,333 363
Total other expense (5,769) (4,818) (7,548) (8,127)
Operating income 258,221 209,892 506,815 415,283
Income before income taxes 252,452 205,074 499,267 407,156
Income tax expense (59,012) (36,367) (105,542) (20,269)
Net income $ 193,440 $ 168,707 $ 393,725 $ 386,887
Basic net income per common share $ 0.82 $ 0.73 $ 1.67 $ 1.67
Weighted average common shares outstanding 236,152 232,671 235,971 231,920
Diluted net income per common share $ 0.81 $ 0.71 $ 1.64 $ 1.62
Diluted weighted average common shares outstanding 240,280 238,470 240,124 238,566
Service revenues        
Service revenues and vehicle sales: $ 532,601 $ 510,034 $ 1,047,973 $ 997,890
Vehicle sales        
Service revenues and vehicle sales: $ 84,430 $ 65,106 $ 161,998 $ 131,674