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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
Service revenues and vehicle sales: $ 575,140 $ 484,898 $ 1,129,564 $ 946,266
Operating expenses:        
Yard operations 257,351 215,460 498,142 423,154
Cost of vehicle sales 57,900 61,212 116,664 118,968
General and administrative 49,997 43,487 99,475 87,965
Total operating expenses 365,248 320,159 714,281 630,087
Other (expense) income:        
Interest expense (4,914) (5,233) (9,525) (9,884)
Interest income 450 678 1,035 1,638
Other (expense) income, net (354) 4,782 363 5,819
Total other (expense) income (4,818) 227 (8,127) (2,427)
Operating income 209,892 164,739 415,283 316,179
Income before income taxes 205,074 164,966 407,156 313,752
Income tax expense (36,367) (33,593) (20,269) (68,296)
Net income $ 168,707 $ 131,373 $ 386,887 $ 245,456
Basic net income per common share $ 0.73 $ 0.57 $ 1.67 $ 1.06
Weighted average common shares outstanding 232,671 230,798 231,920 232,343
Diluted net income per common share $ 0.71 $ 0.55 $ 1.62 $ 1.01
Diluted weighted average common shares outstanding 238,470 240,660 238,566 242,743
Service revenues        
Service revenues and vehicle sales: $ 510,034 $ 416,807 $ 997,890 $ 811,613
Vehicle sales        
Service revenues and vehicle sales: $ 65,106 $ 68,091 $ 131,674 $ 134,653