Item 6. Selected Financial Data

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Item 6. Selected Financial Data

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The following selected consolidated financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7., and “Financial Statements and Supplementary Data” in Item 8. Our historical results of operations are not necessarily indicative of results of operations to be expected for any future period.

	Fiscal Year Ended July 31,
	2014			2013			2012			2011*			2010
(In thousands, except per share)
Operating Data
Revenues	$	1,163,489		$	1,046,386		$	924,191		$	872,246		$	772,879
Operating income		274,934			282,992			286,353			265,290			239,070
Income from continuing operations before income taxes		270,035			276,872			278,056			263,877			239,495
Income tax expense		(91,348	)		(96,847	)		(95,937	)		(97,502	)		(87,868	)
Net income	$	178,687		$	180,025		$	182,119		$	166,375		$	151,627
Basic net income per common share	$	1.42		$	1.44		$	1.42		$	1.10		$	0.90
Weighted average shares		125,693			124,912			128,120			151,298			168,330
Diluted net income per common share	$	1.36		$	1.39		$	1.39		$	1.08		$	0.89
Weighted average shares		131,230			129,781			131,428			153,352			170,054
Balance Sheet Data
Cash and cash equivalents	$	158,668		$	63,631		$	140,112		$	74,009		$	268,188
Working capital		168,007			67,893			134,908			75,242			330,191
Total assets		1,506,804			1,334,481			1,154,000			1,084,436			1,228,812
Total debt		302,901			372,457			444,120			375,756			975
Stockholders’ equity		1,003,499			762,401			561,117			555,172			1,087,234

*		As a result of the adoption of Accounting Standards Update 2009–13, Revenue Arrangements with Multiple Deliverables, for fiscal 2011, we accelerated recognition of $14.4 million in service revenue and $13.5 million in related yard operation expenses.

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