Net Income Per Common Share (Tables)

3 Months Ended

Oct. 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 October 31, 2021 and 2020 (in thousands, except per share amounts):

	Three Months Ended October 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
Net loss per share:
Net loss attributable to Vail Resorts	$	(139,332)	$	(139,332)	$	(153,766)	$	(153,766)
Weighted-average Vail Shares outstanding	40,414		40,414		40,213		40,213
Weighted-average Exchangeco Shares outstanding	34		34		35		35
Total Weighted-average shares outstanding	40,448		40,448		40,248		40,248
Effect of dilutive securities	—		—		—		—
Total shares	40,448		40,448		40,248		40,248
Net loss per share attributable to Vail Resorts	$	(3.44)	$	(3.44)	$	(3.82)	$	(3.82)

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 0.5 million and 0.6 million for the three months ended October 31, 2021 and 2020, respectively.