Segment Information (Tables)

9 Months Ended

Apr. 30, 2016

Segment Reporting [Abstract]

Summary Of Financial Information By Reportable Segment

The following table presents financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):

	Three Months Ended April 30,						Nine Months Ended April 30,
	2016			2015			2016			2015
Net revenue:
Lift	$	334,789		$	285,249		$	642,627		$	524,537
Ski school	74,279			66,216			139,703			123,511
Dining	51,000			44,003			108,093			90,661
Retail/rental	79,384			71,078			214,748			195,563
Other	33,353			33,005			101,439			88,696
Total Mountain net revenue	572,805			499,551			1,206,610			1,022,968
Lodging	72,933			67,323			200,026			185,180
Total Resort net revenue	645,738			566,874			1,406,636			1,208,148
Real estate	1,734			12,469			14,766			29,694
Total net revenue	$	647,472		$	579,343		$	1,421,402		$	1,237,842
Operating expense:
Mountain	$	281,968		$	244,675		$	729,382		$	645,593
Lodging	57,422			54,726			176,170			166,407
Total Resort operating expense	339,390			299,401			905,552			812,000
Real estate	3,085			14,028			17,043			35,513
Total segment operating expense	$	342,475		$	313,429		$	922,595		$	847,513
Gain on litigation settlement	$	—		$	—		$	—		$	16,400
Gain on sale of real property	19			151			1,810			151
Mountain equity investment income (loss), net	211			(129		)	992			396
Reported EBITDA:
Mountain	$	291,048		$	254,747		$	478,220		$	394,171
Lodging	15,511			12,597			23,856			18,773
Resort	306,559			267,344			502,076			412,944
Real estate	(1,332		)	(1,408		)	(467		)	(5,668		)
Total Reported EBITDA	$	305,227		$	265,936		$	501,609		$	407,276
Real estate held for sale and investment	$	116,874		$	137,740		$	116,874		$	137,740
Reconciliation to net income attributable to Vail Resorts, Inc.:
Total Reported EBITDA	$	305,227		$	265,936		$	501,609		$	407,276
Depreciation and amortization	(41,472		)	(38,242		)	(120,713		)	(111,587		)
Change in fair value of Contingent Consideration	—			—			—			4,550
Loss on disposal of fixed assets and other, net	(164		)	(71		)	(3,149		)	(852		)
Investment income, net	150			119			509			155
Interest expense	(10,400		)	(13,735		)	(31,905		)	(41,110		)
Income before provision for income taxes	253,341			214,007			346,351			258,432
Provision for income taxes	(95,804		)	(80,605		)	(131,613		)	(73,654		)
Net income	$	157,537		$	133,402		$	214,738		$	184,778
Net loss attributable to noncontrolling interests	95			8			289			118
Net income attributable to Vail Resorts, Inc.	$	157,632		$	133,410		$	215,027		$	184,896