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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Service revenues and vehicle sales $ 1,021,831 $ 939,941 $ 2,871,927 $ 2,617,533
Operating expenses:        
Yard operations 378,958 346,428 1,127,232 968,936
Cost of vehicle sales 159,443 157,236 465,282 423,948
General and administrative 64,506 63,522 183,461 174,445
Total operating expenses 602,907 567,186 1,775,975 1,567,329
Operating income 418,924 372,755 1,095,952 1,050,204
Other expense:        
Interest income (expense), net 17,878 (4,492) 36,780 (14,032)
Other income (expense), net 3,628 1,342 (2,096) 1,314
Total other income (expense) 21,506 (3,150) 34,684 (12,718)
Income before income taxes 440,430 369,605 1,130,636 1,037,486
Income tax expense 89,999 90,985 240,680 211,091
Net income $ 350,431 $ 278,620 $ 889,956 $ 826,395
Basic net income per common share (in dollars per share) $ 0.73 $ 0.59 $ 1.87 $ 1.74
Weighted average common shares outstanding (in shares) 476,787 475,010 476,417 474,554
Diluted net income per common share (in dollars per share) $ 0.72 $ 0.58 $ 1.84 $ 1.71
Diluted weighted average common shares outstanding (in shares) 483,690 481,448 482,718 482,576
Service revenues        
Service revenues and vehicle sales $ 847,249 $ 766,316 $ 2,363,886 $ 2,145,224
Vehicle sales        
Service revenues and vehicle sales $ 174,582 $ 173,625 $ 508,041 $ 472,309