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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Service revenues and vehicle sales $ 867,460 $ 617,031 $ 1,677,592 $ 1,209,971
Operating expenses:        
Yard operations 323,814 235,904 622,508 467,715
Cost of vehicle sales 140,304 73,629 266,712 137,989
General and administrative 56,014 49,277 110,923 97,452
Total operating expenses 520,132 358,810 1,000,143 703,156
Operating income 347,328 258,221 677,449 506,815
Other expense:        
Interest expense, net (4,433) (4,849) (9,540) (9,881)
Other income, net (840) (920) (28) 2,333
Total other expense (5,273) (5,769) (9,568) (7,548)
Income before income taxes 342,055 252,452 667,881 499,267
Income tax expense 54,643 59,012 120,106 105,542
Net income $ 287,412 $ 193,440 $ 547,775 $ 393,725
Basic net income per common share (in dollars per share) $ 1.21 $ 0.82 $ 2.31 $ 1.67
Weighted average common shares outstanding (in shares) 237,186 236,152 237,167 235,971
Diluted net income per common share (in dollars per share) $ 1.19 $ 0.81 $ 2.27 $ 1.64
Diluted weighted average common shares outstanding (in shares) 241,187 240,280 241,244 240,124
Service revenues        
Service revenues and vehicle sales $ 711,090 $ 532,601 $ 1,378,908 $ 1,047,973
Vehicle sales        
Service revenues and vehicle sales $ 156,370 $ 84,430 $ 298,684 $ 161,998