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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
Service revenues and vehicle sales $ 956,724 $ 867,460 $ 1,850,096 $ 1,677,592
Operating expenses:        
Yard operations 375,497 323,814 748,274 622,508
Cost of vehicle sales 154,727 140,304 305,839 266,712
General and administrative 60,975 56,014 118,955 110,923
Total operating expenses 591,199 520,132 1,173,068 1,000,143
Operating income 365,525 347,328 677,028 677,449
Other expense:        
Interest income (expense), net 14,480 (4,433) 18,902 (9,540)
Other expense, net (2,902) (840) (5,724) (28)
Total other income (expense) 11,578 (5,273) 13,178 (9,568)
Income before income taxes 377,103 342,055 690,206 667,881
Income tax expense 83,426 54,643 150,681 120,106
Net income $ 293,677 $ 287,412 $ 539,525 $ 547,775
Basic net income per common share (in dollars per share) $ 0.62 $ 0.61 $ 1.13 $ 1.15
Weighted average common shares outstanding (in shares) 476,376 474,372 476,237 474,334
Diluted net income per common share (in dollars per share) $ 0.61 $ 0.60 $ 1.12 $ 1.14
Diluted weighted average common shares outstanding (in shares) 482,536 482,374 482,238 482,488
Service revenues        
Service revenues and vehicle sales $ 789,797 $ 711,090 $ 1,516,637 $ 1,378,908
Vehicle sales        
Service revenues and vehicle sales $ 166,927 $ 156,370 $ 333,459 $ 298,684