v3.26.3
Property and Equipment, Net
 12 Months Ended
Jul. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 4 — Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

July 31,

 

(In thousands)

 

2026

 

 

2025

 

Land

 

$

2,501,243

 

 

$

2,394,553

 

Buildings and improvements

 

 

1,875,064

 

 

 

1,684,171

 

Transportation and other equipment

 

 

590,708

 

 

 

580,029

 

Office furniture and equipment

 

 

116,908

 

 

 

100,894

 

Internal-use software

 

 

136,416

 

 

 

120,031

 

 

 

5,220,339

 

 

 

4,879,678

 

Less: Accumulated depreciation and amortization

 

 

(1,487,119

)

 

 

(1,281,585

)

Property and equipment, net

 

$

3,733,220

 

 

$

3,598,093

 

 

Depreciation expense on property and equipment was $200.8 million, $188.9 million and $167.7 million for the years ended July 31, 2026, 2025, and 2024, respectively. Amortization expense of software was $15.7 million, $13.0 million, and $8.6 million for the years ended July 31, 2026, 2025 and 2024, respectively.