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Property and Equipment, Net
 3 Months Ended
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, 2024July 31, 2024
Land$2,174,815 $2,027,639 
Buildings and improvements1,531,047 1,482,891 
Transportation and other equipment640,980 604,977 
Office furniture and equipment98,036 97,576 
Software109,305 105,001 
 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.