Property and Equipment, Net

9 Months Ended

Apr. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net consisted of the following:

(In thousands)	April 30, 2025		July 31, 2024
Land	$	2,362,897	$	2,027,639
Buildings and improvements	1,636,444		1,482,891
Transportation and other equipment	619,789		604,977
Office furniture and equipment	100,891		97,576
Software	116,226		105,001
Property and equipment	4,836,247		4,318,084
Less: Accumulated depreciation and amortization	(1,266,980)		(1,142,246)
Property and equipment, net	$	3,569,267	$	3,175,838

Depreciation and amortization expense on property and equipment was $50.9 million and $47.4 million for the three months ended April 30, 2025 and 2024, respectively, and $151.8 million and $129.2 million for the nine months ended April 30, 2025 and 2024, respectively.