Segment Information (Tables)

9 Months Ended

Apr. 30, 2017

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,
	2017			2016			2017			2016
Net revenue:
Lift	$	419,647		$	334,789		$	799,324		$	642,627
Ski school	91,704			74,279			173,674			139,703
Dining	65,618			51,000			133,352			108,093
Retail/rental	102,104			79,384			261,816			214,748
Other	42,087			33,353			117,860			101,439
Total Mountain net revenue	$	721,160		$	572,805		$	1,486,026		$	1,206,610
Lodging	68,601			72,933			201,887			200,026
Total Resort net revenue	789,761			645,738			1,687,913			1,406,636
Real estate	4,870			1,734			10,181			14,766
Total net revenue	$	794,631		$	647,472		$	1,698,094		$	1,421,402
Operating expense:
Mountain	340,390			281,968			863,882			729,382
Lodging	57,897			57,422			181,660			176,170
Total Resort operating expense	398,287			339,390			1,045,542			905,552
Real estate	9,818			3,085			17,144			17,043
Total segment operating expense	$	408,105		$	342,475		$	1,062,686		$	922,595
Gain on sale of real property	$	—		$	19		$	6,466		$	1,810
Mountain equity investment income, net	$	521		$	211		$	1,510		$	992
Reported EBITDA:
Mountain	$	381,291		$	291,048		$	623,654		$	478,220
Lodging	10,704			15,511			20,227			23,856
Resort	391,995			306,559			643,881			502,076
Real estate	(4,948		)	(1,332		)	(497		)	(467		)
Total Reported EBITDA	$	387,047		$	305,227		$	643,384		$	501,609
Real estate held for sale and investment	$	108,217		$	116,874		$	108,217		$	116,874
Reconciliation to net income attributable to Vail Resorts, Inc.:
Total Reported EBITDA	$	387,047		$	305,227		$	643,384		$	501,609
Depreciation and amortization	(50,029		)	(41,472		)	(140,236		)	(120,713		)
Change in estimated fair value of contingent consideration	(14,500		)	—			(15,100		)	—
Loss on disposal of fixed assets and other, net	(1,924		)	(164		)	(4,705		)	(3,149		)
Investment income and other, net	210			150			5,881			509
Interest expense and other, net	(23,313		)	(10,400		)	(44,325		)	(31,905		)
Income before provision for income taxes	297,491			253,341			444,899			346,351
Provision for income taxes	(100,635		)	(95,804		)	(151,933		)	(131,613		)
Net income	196,856			157,537			292,966			214,738
Net (income) loss attributable to noncontrolling interests	(15,749		)	95			(25,267		)	289
Net income attributable to Vail Resorts, Inc.	$	181,107		$	157,632		$	267,699		$	215,027