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Property and Equipment, Net
 12 Months Ended
Jul. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
NOTE 4 — Property and Equipment, Net

Property and equipment, net consisted of the following:
July 31,
(In thousands)20222021
Land$1,526,446 $1,428,262 
Buildings and improvements1,209,331 1,126,414 
Transportation and other equipment429,405 326,622 
Office furniture and equipment84,728 79,928 
Software78,216 66,170 
 3,328,126 3,027,396 
Less: Accumulated depreciation and amortization(842,362)(730,772)
Property and equipment, net$2,485,764 $2,296,624 
Depreciation expense on property and equipment was $121.3 million, $105.5 million and $82.1 million for the years ended July 31, 2022, 2021 and 2020, respectively. Amortization expense of software was $9.2 million, $9.5 million and $10.4 million for the years ended July 31, 2022, 2021 and 2020, respectively.