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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Service revenues and vehicle sales $ 2,205,583 $ 2,041,957 $ 1,805,695
Operating Costs and Expenses 1,389,484 1,325,482 1,221,350
Operating expenses:      
Yard operations 972,487 888,111 846,868
Cost of vehicle sales 225,294 255,504 196,461
General and administrative 191,703 181,867 176,890
Impairment of long-lived assets 0 0 1,131
Total operating expenses 1,389,484 1,325,482 1,221,350
Operating income 816,099 716,475 584,345
Other expense:      
Interest expense (20,230) (19,810) (20,368)
Interest income 1,359 2,225 1,293
Other income (expense), net 3,611 6,061 (2,759)
Total other expense (15,260) (11,524) (21,834)
Income before income taxes 800,839 704,951 562,511
Income tax expense 100,932 113,258 144,504
Net income 699,907 591,693 418,007
Net income attributable to noncontrolling interest 0 0 140
Net income attributable to Copart, Inc. $ 699,907 $ 591,693 $ 417,867
Basic net income per common share $ 3.00 $ 2.57 $ 1.80
Weighted average common shares outstanding 233,202 230,489 231,793
Diluted net income per common share $ 2.93 $ 2.46 $ 1.73
Diluted weighted average common shares outstanding 238,656 240,453 241,877
Service revenues      
Service revenues and vehicle sales $ 1,947,140 $ 1,755,694 $ 1,578,502
Vehicle sales      
Service revenues and vehicle sales $ 258,443 $ 286,263 $ 227,193