Segment Information (Tables)

9 Months Ended

Apr. 30, 2018

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,
	2018			2017			2018			2017
Net revenue:
Lift	$	452,723		$	419,647		$	860,103		$	799,324
Ski school	101,213			91,704			185,767			173,674
Dining	70,678			65,618			142,890			133,352
Retail/rental	104,162			102,104			265,015			261,816
Other	43,748			42,087			137,776			117,860
Total Mountain net revenue	772,524			721,160			1,591,551			1,486,026
Lodging	68,827			68,601			204,455			201,887
Total Resort net revenue	841,351			789,761			1,796,006			1,687,913
Real Estate	3,140			4,870			3,910			10,181
Total net revenue	$	844,491		$	794,631		$	1,799,916		$	1,698,094
Segment operating expense:
Mountain	$	363,878		$	340,390		$	936,567		$	863,882
Lodging	58,352			57,897			185,957			181,660
Resort	422,230			398,287			1,122,524			1,045,542
Real Estate, net	(597		)	9,818			2,301			17,144
Total segment operating expense	$	421,633		$	408,105		$	1,124,825		$	1,062,686
Gain on sale of real property	$	—		$	—		$	515		$	6,466
Mountain equity investment income, net	$	607		$	521		$	1,094		$	1,510
Reported EBITDA:
Mountain	$	409,253		$	381,291		$	656,078		$	623,654
Lodging	10,475			10,704			18,498			20,227
Resort	419,728			391,995			674,576			643,881
Real Estate	3,737			(4,948		)	2,124			(497		)
Total Reported EBITDA	$	423,465		$	387,047		$	676,700		$	643,384
Real estate held for sale and investment	$	99,623		$	108,217		$	99,623		$	108,217
Reconciliation to net income attributable to Vail Resorts, Inc.:
Total Reported EBITDA	$	423,465		$	387,047		$	676,700		$	643,384
Depreciation and amortization	(54,104		)	(50,029		)	(154,132		)	(140,236		)
Change in estimated fair value of contingent consideration	2,454			(14,500		)	2,454			(15,100		)
Loss on disposal of fixed assets and other, net	(3,230		)	(1,924		)	(2,125		)	(4,705		)
Investment income and other, net	736			210			1,516			5,881
Foreign currency loss on intercompany loans	(9,502		)	(9,065		)	(6,511		)	(3,899		)
Interest expense, net	(15,648		)	(14,248		)	(46,795		)	(40,426		)
Income before (provision) benefit from income taxes	344,171			297,491			471,107			444,899
(Provision) benefit from income taxes	(71,896		)	(100,635		)	17,914			(151,933		)
Net income	272,275			196,856			489,021			292,966
Net income attributable to noncontrolling interests	(16,023		)	(15,749		)	(25,463		)	(25,267		)
Net income attributable to Vail Resorts, Inc.	$	256,252		$	181,107		$	463,558		$	267,699