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Net Income Per Common Share (Tables)
 3 Months Ended 9 Months Ended
Apr. 30, 2021
Apr. 30, 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 April 30, 2021 and 2020 (in thousands, except per share amounts):
 Three Months Ended April 30,
 20212020
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$274,629 $274,629 $152,546 $152,546 
Weighted-average Vail Shares outstanding40,262 40,262 40,183 40,183 
Weighted-average Exchangeco Shares outstanding34 34 54 54 
Total Weighted-average shares outstanding40,296 40,296 40,237 40,237 
Effect of dilutive securities— 600 — 507 
Total shares40,296 40,896 40,237 40,744 
Net income per share attributable to Vail Resorts$6.82 $6.72 $3.79 $3.74 

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 1,000 and 4,000 for the three months ended April 30, 2021 and 2020, respectively.
Presented below is basic and diluted EPS for the nine months ended April 30, 2021 and 2020 (in thousands, except per share amounts):
 Nine Months Ended April 30,
 20212020
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$268,661 $268,661 $252,441 $252,441 
Weighted-average Vail Shares outstanding40,242 40,242 40,244 40,244 
Weighted-average Exchangeco Shares outstanding35 35 55 55 
Total Weighted-average shares outstanding40,277 40,277 40,299 40,299 
Effect of dilutive securities— 530 — 601 
Total shares40,277 40,807 40,299 40,900 
Net income per share attributable to Vail Resorts$6.67 $6.58 $6.26 $6.17 

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 2,000 and 1,000 for the nine months ended April 30, 2021 and 2020, respectively.