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Property and Equipment, Net
12 Months Ended
Jul. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net Property and equipment, net consisted of the following:
July 31,
(In thousands)20232022
Land$1,812,001 $1,526,446 
Buildings and improvements1,339,820 1,209,331 
Transportation and other equipment490,136 429,405 
Office furniture and equipment91,031 84,728 
Software89,575 78,216 
 3,822,563 3,328,126 
Less: Accumulated depreciation and amortization(978,224)(842,362)
Property and equipment, net$2,844,339 $2,485,764 
Depreciation expense on property and equipment was $139.9 million, $121.3 million and $105.5 million for the years ended July 31, 2023, 2022, and 2021, respectively. Amortization expense of software was $7.2 million, $9.2 million, and $9.5 million for the years ended July 31, 2023, 2022 and 2021, respectively.