Debt Instrument, Covenant, Maximum Leverage

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- Definition

Debt Instrument, Covenant, Minimum Liquidity

+ References

No definition available.

+ Details

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- References

No definition available.

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- Definition

Minimum Liquidity

+ References

No definition available.

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- Definition

Total Consolidated Net Leverage Ratio

+ References

No definition available.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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Period Type:	duration

- Definition

Face (par) amount of debt instrument at time of issuance.

+ References

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Period Type:	instant

- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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Period Type:	instant

- Definition

The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used.

+ References

No definition available.

+ Details

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- Definition

Amount of increase (decrease) of the credit facility.

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Period Type:	duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

+ Details

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Period Type:	instant

- Definition

The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.

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Long-Term Debt (Details) - USD ($)		6 Months Ended
Long-Term Debt (Details) - USD ($)	Dec. 21, 2021	Jan. 31, 2022	Dec. 20, 2021	Jul. 31, 2021	Jul. 21, 2020
Revolving Credit Facility
Line of Credit Facility [Line Items]
Payments of debt issuance costs	$ 2,700,000
Second Amended and Restated Credit Agreement \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum leverage	50,000,000
Minimum liquidity	$ 75,000,000
Total consolidated net leverage ratio		59.00%
Minimum liquidity		$ 2,500,000,000
Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Line of credit facility, commitment fee percentage		0.175%
Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Line of credit facility, commitment fee percentage		0.275%
Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Scenario 1
Line of Credit Facility [Line Items]
Line of credit facility, covenant terms 1	325.00%
Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Scenario 2
Line of Credit Facility [Line Items]
Line of credit facility, covenant terms 1	350.00%
Note Purchase Agreement \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face amount					$ 400,000,000
Note Purchase Agreement \| Senior Notes, Series A
Line of Credit Facility [Line Items]
Interest rate					4.07%
Note Purchase Agreement \| Senior Notes, Series B
Line of Credit Facility [Line Items]
Interest rate					4.19%
Note Purchase Agreement \| Senior Notes, Series C
Line of Credit Facility [Line Items]
Interest rate					4.25%
Note Purchase Agreement \| Senior Notes, Series D
Line of Credit Facility [Line Items]
Interest rate					4.35%
Senior Notes, Series A \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face amount					$ 100,000,000
Senior Notes, Series B \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face amount					100,000,000
Senior Notes, Series C \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face amount					100,000,000
Senior Notes, Series D \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face amount					$ 100,000,000
Base Rate \| Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Line of credit facility, commitment fee percentage		1.00%
Base Rate \| Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Line of credit facility, commitment fee percentage		1.75%
Daily Rate \| Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Applicable interest rate added to reference rate in order to compute variable interest rate		0.00%
Daily Rate \| Second Amended and Restated Credit Agreement \| Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Applicable interest rate added to reference rate in order to compute variable interest rate		0.75%
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Outstanding borrowings		$ 0		$ 0
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Second Amended and Restated Credit Agreement \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, increase (decrease), net	$ 200,000,000
Maximum borrowing capacity	1,250,000,000
Outstanding borrowings	100,000,000		$ 60,000,000
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Second Amended and Restated Credit Agreement \| Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	550,000,000
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Second Amended and Restated Credit Agreement \| Letter of Credit \| CPRT GmbH
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150,000,000
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Second Amended and Restated Credit Agreement \| Letter of Credit \| Copart Autos España, S.L.U.
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150,000,000
WellsFargo,NationalAssociation,TruistBank,BMOHarrisBankN.A.,SantanderBankN.A.,andBankofAmerica,N.A. \| Second Amended and Restated Credit Agreement \| Letter of Credit \| Copart UK Limited
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250,000,000