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Property and Equipment, Net Property and Equipment, Net
 9 Months Ended
Apr. 30, 2021
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, 2021July 31, 2020
Land$1,409,340 $1,235,315 
Buildings and improvements1,075,383 932,976 
Transportation and other equipment313,091 274,422 
Office furniture and equipment76,846 70,926 
Software63,049 52,621 
 2,937,709 2,566,260 
Less: Accumulated depreciation and amortization(710,178)(624,541)
Property and equipment, net$2,227,531 $1,941,719 
Depreciation expense on property and equipment was $30.2 million and $24.5 million for the three months ended April 30, 2021 and 2020, respectively, and $87.0 million and $67.0 million for the nine months ended April 30, 2021 and 2020, respectively.