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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2019
Jan. 31, 2018
Service revenues and vehicle sales: $ 484,898 $ 459,106 $ 946,266 $ 878,274
Operating expenses:        
Yard operations 215,460 217,184 423,154 434,791
Cost of vehicle sales 61,212 50,313 118,968 88,610
General and administrative 43,487 40,662 87,965 79,984
Total operating expenses 320,159 308,159 630,087 603,385
Other (expense) income:        
Interest expense (5,233) (5,758) (9,884) (11,353)
Interest income 678 197 1,638 394
Other income (expense), net 4,782 (948) 5,819 (5,364)
Total other income (expense) 227 (6,509) (2,427) (16,323)
Operating income 164,739 150,947 316,179 274,889
Income before income taxes 164,966 144,438 313,752 258,566
Income tax expense (33,593) (41,137) (68,296) (77,705)
Net income 131,373 103,301 245,456 180,861
Net income attributable to noncontrolling interest 0 45 0 90
Net income attributable to Copart, Inc. $ 131,373 $ 103,256 $ 245,456 $ 180,771
Basic net income per common share $ 0.57 $ 0.45 $ 1.06 $ 0.78
Weighted average common shares outstanding 230,798 231,478 232,343 231,086
Diluted net income per common share $ 0.55 $ 0.43 $ 1.01 $ 0.75
Diluted weighted average common shares outstanding 240,660 241,360 242,743 240,076
Service revenues        
Service revenues and vehicle sales: $ 416,807 $ 401,954 $ 811,613 $ 776,079
Vehicle sales        
Service revenues and vehicle sales: $ 68,091 $ 57,152 $ 134,653 $ 102,195