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Net Income Per Common Share (Tables)
 3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2021
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 January 31, 2021 and 2020 (in thousands, except per share amounts):
 Three Months Ended January 31,
 20212020
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$147,798 $147,798 $206,370 $206,370 
Weighted-average Vail Shares outstanding40,253 40,253 40,261 40,261 
Weighted-average Exchangeco Shares outstanding35 35 55 55 
Total Weighted-average shares outstanding40,288 40,288 40,316 40,316 
Effect of dilutive securities— 521 — 625 
Total shares40,288 40,809 40,316 40,941 
Net income per share attributable to Vail Resorts$3.67 $3.62 $5.12 $5.04 

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 5,000 and 28,000 for the three months ended January 31, 2021 and 2020, respectively.
Presented below is basic and diluted EPS for the six months ended January 31, 2021 and 2020 (in thousands, except per share amounts):
 Six Months Ended January 31,
 20212020
 BasicDilutedBasicDiluted
Net (loss) income per share:
Net (loss) income attributable to Vail Resorts$(5,968)$(5,968)$99,895 $99,895 
Weighted-average Vail Shares outstanding40,233 40,233 40,274 40,274 
Weighted-average Exchangeco Shares outstanding35 35 55 55 
Total Weighted-average shares outstanding40,268 40,268 40,329 40,329 
Effect of dilutive securities— — — 644 
Total shares40,268 40,268 40,329 40,973 
Net (loss) income per share attributable to Vail Resorts$(0.15)$(0.15)$2.48 $2.44 

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 0.6 million and 23,000 for the six months ended January 31, 2021 and 2020, respectively.