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Property and Equipment, Net
 3 Months Ended
Oct. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
(In thousands)October 31, 2023July 31, 2023
Land$1,896,396 $1,812,001 
Buildings and improvements1,365,786 1,339,820 
Transportation and other equipment506,959 490,136 
Office furniture and equipment91,436 91,031 
Software92,580 89,575 
 3,953,157 3,822,563 
Less: Accumulated depreciation and amortization(1,009,620)(978,224)
Property and equipment, net$2,943,537 $2,844,339 
Depreciation expense on property and equipment was $40.0 million and $37.2 million for the three months ended October 31, 2023 and 2022, respectively.