Property and Equipment, Net Property and Equipment, Net

3 Months Ended

Oct. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

NOTE 3 — Property and Equipment, Net

Property and equipment, net consisted of the following:

(In thousands)	October 31, 2020		July 31, 2020
Land	$	1,333,008	$	1,235,315
Buildings and improvements	974,524		932,976
Transportation and other equipment	282,923		274,422
Office furniture and equipment	73,779		70,926
Software	56,346		52,621
	2,720,580		2,566,260
Less: Accumulated depreciation and amortization	(648,521)		(624,541)
Property and equipment, net	$	2,072,059	$	1,941,719

Depreciation expense on property and equipment was $27.1 million and $20.5 million for the three months ended October 31, 2020 and 2019, respectively.