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Net Income Per Common Share (Tables)
 3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2022
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, 2022 and 2021 (in thousands, except per share amounts):
 Three Months Ended January 31,
 20222021
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$223,391 $223,391 $147,798 $147,798 
Weighted-average Vail Shares outstanding40,505 40,505 40,253 40,253 
Weighted-average Exchangeco Shares outstanding33 33 35 35 
Total Weighted-average shares outstanding40,538 40,538 40,288 40,288 
Effect of dilutive securities— 282 — 521 
Total shares40,538 40,820 40,288 40,809 
Net income per share attributable to Vail Resorts$5.51 $5.47 $3.67 $3.62 

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 zero and 5,000 for the three months ended January 31, 2022 and 2021, respectively.
Presented below is basic and diluted EPS for the six months ended January 31, 2022 and 2021 (in thousands, except per share amounts):
 Six Months Ended January 31,
 20222021
 BasicDilutedBasicDiluted
Net income (loss) per share:
Net income (loss) attributable to Vail Resorts$84,059 $84,059 $(5,968)$(5,968)
Weighted-average Vail Shares outstanding40,460 40,460 40,233 40,233 
Weighted-average Exchangeco Shares outstanding33 33 35 35 
Total Weighted-average shares outstanding40,493 40,493 40,268 40,268 
Effect of dilutive securities— 344 — — 
Total shares40,493 40,837 40,268 40,268 
Net income (loss) per share attributable to Vail Resorts$2.08 $2.06 $(0.15)$(0.15)

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 0.6 million for the six months ended January 31, 2022 and 2021, respectively.