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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Service revenues and vehicle sales $ 810,132 $ 592,940
Operating expenses:    
Yard operations 298,694 231,811
Cost of vehicle sales 126,408 64,360
General and administrative 54,909 48,175
Total operating expenses 480,011 344,346
Operating income 330,121 248,594
Other expense:    
Interest expense, net (5,107) (5,032)
Other income, net 812 3,253
Total other expense (4,295) (1,779)
Income before income taxes 325,826 246,815
Income tax expense 65,463 46,530
Net income $ 260,363 $ 200,285
Basic net income per common share (in dollars per share) $ 1.10 $ 0.85
Weighted average common shares outstanding (in shares) 237,068 235,791
Diluted net income per common share (in dollars per share) $ 1.08 $ 0.83
Diluted weighted average common shares outstanding (in shares) 241,221 239,968
Service revenues    
Service revenues and vehicle sales $ 667,818 $ 515,372
Vehicle sales    
Service revenues and vehicle sales $ 142,314 $ 77,568