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Property and Equipment, Net
12 Months Ended
Jul. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
July 31,
(In thousands)20252024
Land$2,394,553 $2,027,639 
Buildings and improvements1,684,171 1,482,891 
Transportation and other equipment580,029 604,977 
Office furniture and equipment100,894 97,576 
Internal-use software120,031 105,001 
 4,879,678 4,318,084 
Less: Accumulated depreciation and amortization(1,281,585)(1,142,246)
Property and equipment, net$3,598,093 $3,175,838 
Depreciation expense on property and equipment was $188.9 million, $167.7 million and $139.9 million for the years ended July 31, 2025, 2024, and 2023, respectively. Amortization expense of software was $13.0 million, $8.6 million, and $7.2 million for the years ended July 31, 2025, 2024 and 2023, respectively.