Consolidated Condensed Statements of Operations (USD $) In Thousands, except Per Share data	3 Months Ended	9 Months Ended
Apr. 30, 2011	Apr. 30, 2010	Apr. 30, 2011	Apr. 30, 2010
Net revenue:
Mountain	$ 351,418	$ 302,213	$ 710,474	$ 602,395
Lodging	49,835	44,877	138,933	124,908
Real estate	13,221	3,164	187,629	4,239
Total net revenue	414,474	350,254	1,037,036	731,542
Segment operating expense (exclusive of depreciation and amortization shown separately below):
Mountain	182,136	156,454	456,496	386,940
Lodging	41,001	39,292	127,675	119,703
Real estate	18,309	8,391	188,716	20,985
Total segment operating expense	241,446	204,137	772,887	527,628
Other operating (expense) income:
Depreciation and amortization	(30,937)	(27,812)	(88,945)	(82,768)
Gain on sale of real property				6,087
(Loss) gain on disposal of fixed assets, net	(35)	18	(343)	(83)
Asset impairment charge (Note 7)	(2,561)		(2,561)
Income from operations	139,495	118,323	172,300	127,150
Mountain equity investment income, net	406	838	1,324	1,299
Investment income	114	141	578	563
Interest expense, net	(8,515)	(3,673)	(25,110)	(12,656)
Loss on extinguishment of debt (Note 4)	(6,615)		(6,615)
Income before provision for income taxes	124,885	115,629	142,477	116,356
Provision for income taxes	(48,045)	(39,238)	(54,140)	(38,397)
Net income	76,840	76,391	88,337	77,959
Net loss (income) attributable to noncontrolling interests	27	(3,602)	58	(5,653)
Net income attributable to Vail Resorts, Inc.	$ 76,867	$ 72,789	$ 88,395	$ 72,306
Per share amounts (Note 3):
Basic net income per share attributable to Vail Resorts, Inc.	$ 2.13	$ 2.01	$ 2.46	$ 2.00
Diluted net income per share attributable to Vail Resorts, Inc.	$ 2.08	$ 1.98	$ 2.41	$ 1.97

The gains and losses included in results of operations resulting from the sale of unimproved land.

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