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Property and Equipment, Net

12 Months Ended

Jul. 31, 2011

Property, Plant and Equipment [Abstract]

(6)

Property and Equipment, Net

Property and equipment consists of the following (in thousands):

    July 31,


    2011
    2010

Transportation and other equipment
              $ 65,009          $ 61,245

Office furniture and equipment
                 53,411             43,307

Software
                 46,761             22,915

Land
                 343,170             306,251

Buildings and leasehold improvements
                 384,366             399,350

                 892,717             833,068

Less accumulated depreciation and amortization
                 (292,329 )            (259,554 )

              $ 600,388          $ 573,514

Depreciation expense on property and equipment was $40.2 million, $39.0 million and $37.3 million for the fiscal years ended July 31, 2011, 2010 and 2009 respectively. Amortization expense of software was $0.8 million, $0.3 million and $0.4 million for the fiscal years ended July 31, 2011, 2010 and 2009 respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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