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v3.24.3

Property and Equipment, Net | 3 Months Ended
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Oct. 31, 2024
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, 2024 |  | July 31, 2024
Land |  | $ | 2,174,815 |  |  | $ | 2,027,639 |
Buildings and improvements |  | 1,531,047 |  |  | 1,482,891 |
Transportation and other equipment |  | 640,980 |  |  | 604,977 |
Office furniture and equipment |  | 98,036 |  |  | 97,576 |
Software |  | 109,305 |  |  | 105,001 |
|  | 4,554,183 |  |  | 4,318,084 |
Less: Accumulated depreciation and amortization |  | (1,191,028) |  |  | (1,142,246) |
Property and equipment, net |  | $ | 3,363,155 |  |  | $ | 3,175,838 |
Depreciation expense on property and equipment was $50.1 million and $40.0 million for the three months ended October 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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