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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Service revenues and vehicle sales: $ 592,940 $ 554,424
Operating Costs and Expenses 344,346 349,033
Interest expense, net (5,032) (4,026)
Operating expenses:    
Yard operations 231,811 240,791
Cost of vehicle sales 64,360 58,764
General and administrative 48,175 49,478
Total operating expenses 344,346 349,033
Other expense:    
Interest expense, net (5,032) (4,026)
Other income, net 3,253 717
Total other expense (1,779) (3,309)
Operating income 248,594 205,391
Income before income taxes 246,815 202,082
Income tax expense (benefit) (46,530) 16,098
Net income $ 200,285 $ 218,180
Basic net income per common share $ 0.85 $ 0.94
Weighted average common shares outstanding 235,791 231,169
Diluted net income per common share $ 0.83 $ 0.91
Diluted weighted average common shares outstanding 239,968 238,662
Service revenues    
Service revenues and vehicle sales: $ 515,372 $ 487,856
Vehicle sales    
Service revenues and vehicle sales: $ 77,568 $ 66,568