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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2018
Jan. 31, 2017
Net revenue:        
Mountain and Lodging services and other $ 594,372 $ 570,640 $ 737,720 $ 685,326
Mountain and Lodging retail and dining 140,069 149,343 216,935 212,826
Resort net revenue 734,441 719,983 954,655 898,152
Real estate 134 5,215 770 5,311
Total net revenue 734,575 725,198 955,425 903,463
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 297,503 282,895 478,779 435,540
Mountain and Lodging retail and dining cost of products sold 57,237 60,809 92,916 89,749
General and administrative 70,736 71,218 128,599 121,966
Resort operating expense 425,476 414,922 700,294 647,255
Real estate 1,207 5,841 2,898 7,326
Total segment operating expense 426,683 420,763 703,192 654,581
Other operating (expense) income:        
Depreciation and amortization (51,404) (49,626) (100,028) (90,207)
Gain on sale of real property 515 0 515 6,466
Change in estimated fair value of contingent consideration (Note 7) 0 (300) 0 (600)
Gain (loss) on disposal of fixed assets and other, net 538 (2,231) 1,105 (2,781)
Income from operations 257,541 252,278 153,825 161,760
Mountain equity investment (loss) income, net (35) 157 487 989
Investment income and other, net 397 1,148 780 5,671
Foreign currency gain on intercompany loans (Note 4) 10,337 5,166 2,991 5,166
Interest expense, net (15,973) (14,214) (31,147) (26,178)
Income before (provision) benefit from income taxes 252,267 244,535 126,936 147,408
(Provision) benefit from income taxes (Note 2) (3,594) (84,807) 89,810 (51,298)
Net income 248,673 159,728 216,746 96,110
Net income attributable to noncontrolling interests (12,982) (10,549) (9,440) (9,518)
Net income attributable to Vail Resorts, Inc. $ 235,691 $ 149,179 $ 207,306 $ 86,592
Per share amounts (Note 3):        
Basic net income per share attributable to Vail Resorts, Inc. $ 5.82 $ 3.72 $ 5.14 $ 2.25
Diluted net income per share attributable to Vail Resorts, Inc. 5.67 3.63 4.97 2.19
Cash dividends declared per share $ 1.053 $ 0.810 $ 2.106 $ 1.620