XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2017
Jan. 31, 2016
Net revenue:        
Mountain $ 654,099 $ 532,872 $ 764,866 $ 633,805
Lodging 65,884 62,807 133,286 127,093
Real estate 5,215 3,684 5,311 13,032
Total net revenue 725,198 599,363 903,463 773,930
Segment operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain 355,239 296,256 523,492 447,414
Lodging 59,683 57,311 123,763 118,748
Real estate 5,841 4,617 7,326 13,958
Total segment operating expense 420,763 358,184 654,581 580,120
Other operating (expense) income:        
Depreciation and amortization (49,626) (40,541) (90,207) (79,241)
Gain on sale of real property 0 632 6,466 1,791
Change in estimated fair value of contingent consideration (Note 7) (300) 0 (600) 0
Loss on disposal of fixed assets and other, net (2,231) (1,206) (2,781) (2,985)
Income from operations 252,278 200,064 161,760 113,375
Mountain equity investment income (loss), net 157 (61) 989 781
Investment income and other, net 1,148 161 5,671 359
Interest expense and other, net (9,048) (10,910) (21,012) (21,505)
Income before provision for income taxes 244,535 189,254 147,408 93,010
Provision for income taxes (84,807) (72,383) (51,298) (35,809)
Net income 159,728 116,871 96,110 57,201
Net (income) loss attributable to noncontrolling interests (10,549) 111 (9,518) 194
Net income attributable to Vail Resorts, Inc. $ 149,179 $ 116,982 $ 86,592 $ 57,395
Per share amounts (Note 3):        
Basic net income per share attributable to Vail Resorts, Inc. $ 3.72 $ 3.23 $ 2.25 $ 1.58
Diluted net income per share attributable to Vail Resorts, Inc. 3.63 3.14 2.19 1.54
Cash dividends declared per share $ 0.8100 $ 0.6225 $ 1.6200 $ 1.2450