Net Income Per Common Share (Tables)

3 Months Ended

Oct. 31, 2017

Earnings Per Share Reconciliation [Abstract]

Summary of Calculation of Basic And Diluted EPS

Presented below is basic and diluted EPS for the three months ended October 31, 2017 and 2016 (in thousands, except per share amounts):

	Three Months Ended October 31,
	2017						2016
	Basic			Diluted			Basic			Diluted
Net loss per share:
Net loss attributable to Vail Resorts	$	(28,385	)	$	(28,385	)	$	(62,587	)	$	(62,587	)
Weighted-average Vail Shares outstanding	40,147			40,147			36,766			36,766
Weighted-average Exchangeco Shares outstanding	64			64			68			68
Total Weighted-average shares outstanding	40,211			40,211			36,834			36,834
Effect of dilutive securities	—			—			—			—
Total shares	40,211			40,211			36,834			36,834
Net loss per share attributable to Vail Resorts	$	(0.71	)	$	(0.71	)	$	(1.70	)	$	(1.70	)

The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. The number of shares issuable upon the exercise of share based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 1.3 million and 1.7 million for the three months ended October 31, 2017 and 2016, respectively.