XML 71 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Details)
$ in Thousands, $ in Millions
12 Months Ended
Jul. 31, 2018
USD ($)
Jul. 31, 2017
USD ($)
Jul. 31, 2018
CAD ($)
Jul. 31, 2016
USD ($)
Business Combination, Contingent Consideration Arrangements, Description 42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Lease, exceeds approximately $35 million, as established at the transaction date, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Lease by the Company.      
Contingent Consideration, Key Assumptions for Valuation The estimated fair value of Contingent Consideration includes the future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed growth factor. The Company estimated the fair value of the Contingent Consideration payments using an option pricing valuation model. Key assumptions included a discount rate of 11.3%, volatility of 17.5% and future period Park City EBITDA and capital expenditures, which are unobservable inputs and thus are considered Level 3 inputs.      
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance would result in a change in the estimated fair value within the range of approximately $4.0 million to $5.3 million.      
Liabilities, Fair Value Disclosure $ 21,900 $ 27,400   $ 11,100
Payments for Rent (3,646)      
Change in Fair Value of Contingent Consideration 1,854 (16,300)    
Level 3 [Member]        
Liabilities, Fair Value Disclosure 21,900 27,400    
Money Market Funds [Member]        
Cash and Cash Equivalents, Fair Value Disclosure 3,021 3,008    
Money Market Funds [Member] | Level 1 [Member]        
Cash and Cash Equivalents, Fair Value Disclosure 3,021 3,008    
Commercial Paper [Member]        
Cash and Cash Equivalents, Fair Value Disclosure 2,401 2,401    
Commercial Paper [Member] | Level 2 [Member]        
Cash and Cash Equivalents, Fair Value Disclosure 2,401 2,401    
Certificates of Deposit [Member]        
Cash and Cash Equivalents, Fair Value Disclosure 11,249 2,405    
Certificates of Deposit [Member] | Level 2 [Member]        
Cash and Cash Equivalents, Fair Value Disclosure $ 11,249 2,405    
Interest Rate Swap [Member]        
Interest Rate Cash Flow Hedge Liability at Fair Value   236    
Interest Rate Swap [Member] | Level 2 [Member]        
Interest Rate Cash Flow Hedge Liability at Fair Value   $ 236    
Canada, Dollars        
Derivative, Notional Amount     $ 125.0