Property and Equipment, Net

12 Months Ended

Jul. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4 — Property and Equipment, Net

Property and equipment, net consisted of the following:

	July 31,
(In thousands)	2016			2015
Transportation and other equipment	$	85,083		$	70,133
Office furniture and equipment	51,473			44,837
Software	49,426			65,072
Land	556,780			481,748
Buildings and leasehold improvements	489,566			453,965
	1,232,328			1,115,755
Less: accumulated depreciation and amortization	(415,537		)	(415,353		)
Property and equipment, net	$	816,791		$	700,402

Depreciation expense on property and equipment was $34.2 million, $34.9 million and $37.0 million for the years ended July 31, 2016, 2015 and 2014, respectively. Amortization expense of software was $8.5 million, $5.0 million and $9.8 million for the years ended July 31, 2016, 2015 and 2014, respectively. During the year ended July 31, 2016, the Company retired fully amortized capitalized software of $29.8 million, which were no longer being utilized.