Quarterly Information

12 Months Ended

Jul. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Information (in thousands, except per share data) (Unaudited)

NOTE 18 — Quarterly Financial Information (Unaudited)⁽¹⁾

	Fiscal Quarter
Fiscal Year 2020 (In thousands, except per share data)	First		Second		Third		Fourth
Total revenue	$	554,424	$	575,140	$	550,360	$	525,659
Gross profit	254,869		259,889		242,613		250,431
Operating income	205,391		209,892		195,101		205,715
Income before income taxes	202,082		205,074		191,800		201,883
Net income attributable to Copart, Inc.	218,180		168,707		147,487		165,533
Basic net income per common share	$	0.94	$	0.73	$	0.63	$	0.70
Diluted net income per common share	$	0.91	$	0.71	$	0.62	$	0.69

	Fiscal Quarter
Fiscal Year 2019 (In thousands, except per share data)	First		Second		Third		Fourth
Total revenue	$	461,368	$	484,898	$	553,116	$	542,575
Gross profit	195,918		208,226		251,579		242,619
Operating income	151,440		164,739		207,494		192,802
Income before income taxes	148,786		164,966		204,129		187,070
Net income attributable to Copart, Inc.	114,083		131,373		192,741		153,496
Basic net income per common share	$	0.49	$	0.57	$	0.85	$	0.67
Diluted net income per common share	$	0.47	$	0.55	$	0.81	$	0.64

(1)Earnings per share were computed independently for each of the periods presented; therefore, the sum of the earnings per share amounts for the quarters may not equal the total for the year.