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Net Income Per Common Share (Tables)
 9 Months Ended
Apr. 30, 2024
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, 2024 and 2023 (in thousands, except per share amounts):
 Three Months Ended April 30,
 20242023
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$361,995 $361,995 $325,006 $325,006 
Weighted-average Vail Shares outstanding37,839 37,839 39,620 39,620 
Effect of dilutive securities— 97 — 104 
Total shares37,839 37,936 39,620 39,724 
Net income per share attributable to Vail Resorts$9.57 $9.54 $8.20 $8.18 
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 11,000 and 24,000 for the three months ended April 30, 2024 and 2023, respectively.

Presented below is basic and diluted EPS for the nine months ended April 30, 2024 and 2023 (in thousands, except per share amounts):
 Nine Months Ended April 30,
 20242023
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$405,782 $405,782 $396,714 $396,714 
Weighted-average Vail Shares outstanding37,974 37,974 40,081 40,081 
Weighted-average Exchangeco Shares outstanding— — 1 1 
Total Weighted-average shares outstanding37,974 37,974 40,082 40,082 
Effect of dilutive securities— 93 — 98 
Total shares37,974 38,067 40,082 40,180 
Net income per share attributable to Vail Resorts$10.69 $10.66 $9.90 $9.87 
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 16,000 and 25,000 for the nine months ended April 30, 2024 and 2023 respectively.