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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Service revenues and vehicle sales $ 939,941 $ 733,910 $ 2,617,533 $ 1,943,881
Operating expenses:        
Yard operations 346,428 258,071 968,936 725,786
Cost of vehicle sales 157,236 94,498 423,948 232,487
General and administrative 63,522 53,230 174,445 150,682
Total operating expenses 567,186 405,799 1,567,329 1,108,955
Operating income 372,755 328,111 1,050,204 834,926
Other expense:        
Interest expense, net (4,492) (5,346) (14,032) (15,227)
Other income, net 1,342 770 1,314 3,103
Total other expense (3,150) (4,576) (12,718) (12,124)
Income before income taxes 369,605 323,535 1,037,486 822,802
Income tax expense 90,985 36,739 211,091 142,281
Net income $ 278,620 $ 286,796 $ 826,395 $ 680,521
Basic net income per common share (in dollars per share) $ 1.17 $ 1.21 $ 3.48 $ 2.88
Weighted average common shares outstanding (in shares) 237,505 236,396 237,277 236,110
Diluted net income per common share (in dollars per share) $ 1.16 $ 1.19 $ 3.42 $ 2.83
Diluted weighted average common shares outstanding (in shares) 240,724 240,208 241,288 240,149
Service revenues        
Service revenues and vehicle sales $ 766,316 $ 623,846 $ 2,145,224 $ 1,671,819
Vehicle sales        
Service revenues and vehicle sales $ 173,625 $ 110,064 $ 472,309 $ 272,062