XML 55 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Guarantor Subsidiaries And Non-Guarantor Subsidiaries (Tables) | 3 Months Ended
--- | ---
Oct. 31, 2012
Guarantor Subsidiaries And Non Guarantor Subsidiaries |
Supplemental Condensed Consolidating Balance Sheet | Supplemental Condensed Consolidating Balance Sheet As of October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 36,779 |  |  | $ | 7,206 |  |  | $ | — |  |  | $ | 43,985 |
Restricted cash |  | — |  |  | 13,578 |  |  | 948 |  |  | — |  |  | 14,526 |
Trade receivables, net |  | — |  |  | 26,639 |  |  | 3,082 |  |  | — |  |  | 29,721 |
Inventories, net |  | — |  |  | 84,548 |  |  | 204 |  |  | — |  |  | 84,752 |
Other current assets |  | 25,782 |  |  | 22,827 |  |  | 506 |  |  | — |  |  | 49,115 |
Total current assets |  | 25,782 |  |  | 184,371 |  |  | 11,946 |  |  | — |  |  | 222,099 |
Property, plant and equipment, net |  | — |  |  | 1,008,799 |  |  | 47,844 |  |  | — |  |  | 1,056,643 |
Real estate held for sale and investment |  | — |  |  | 227,662 |  |  | — |  |  | — |  |  | 227,662 |
Goodwill, net |  | — |  |  | 268,058 |  |  | 1,801 |  |  | — |  |  | 269,859 |
Intangible assets, net |  | — |  |  | 72,262 |  |  | 19,357 |  |  | — |  |  | 91,619 |
Other assets |  | 6,836 |  |  | 42,299 |  |  | 5,877 |  |  | (9,459 | ) |  | 45,553 |
Investments in subsidiaries |  | 1,684,088 |  |  | (1,996 | ) |  | — |  |  | (1,682,092 | ) |  | — |
Advances |  | (428,299 | ) |  | 425,366 |  |  | 2,933 |  |  | — |  |  | — |
Total assets |  | $ | 1,288,407 |  |  | $ | 2,226,821 |  |  | $ | 89,758 |  |  | $ | (1,691,551 | ) |  | $ | 1,913,435 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 12,906 |  |  | $ | 297,715 |  |  | $ | 7,637 |  |  | $ | — |  |  | $ | 318,258 |
Income taxes payable |  | 17,026 |  |  | — |  |  | — |  |  | — |  |  | 17,026 |
Long-term debt due within one year |  | — |  |  | 629 |  |  | 219 |  |  | — |  |  | 848 |
Total current liabilities |  | 29,932 |  |  | 298,344 |  |  | 7,856 |  |  | — |  |  | 336,132 |
Long-term debt |  | 390,000 |  |  | 41,787 |  |  | 57,738 |  |  | — |  |  | 489,525 |
Other long-term liabilities |  | 28,050 |  |  | 202,602 |  |  | 10,607 |  |  | (9,459 | ) |  | 231,800 |
Deferred income taxes |  | 102,054 |  |  | — |  |  | 1,495 |  |  | — |  |  | 103,549 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 738,371 |  |  | 1,684,088 |  |  | (1,996 | ) |  | (1,682,092 | ) |  | 738,371 |
Noncontrolling interests |  | — |  |  | — |  |  | 14,058 |  |  | — |  |  | 14,058 |
Total stockholders’ equity |  | 738,371 |  |  | 1,684,088 |  |  | 12,062 |  |  | (1,682,092 | ) |  | 752,429 |
Total liabilities and stockholders’ equity |  | $ | 1,288,407 |  |  | $ | 2,226,821 |  |  | $ | 89,758 |  |  | $ | (1,691,551 | ) |  | $ | 1,913,435 |
Supplemental Condensed Consolidating Balance Sheet As of July 31, 2012 (in thousands)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 38,380 |  |  | $ | 7,673 |  |  | $ | — |  |  | $ | 46,053 |
Restricted cash |  | — |  |  | 13,300 |  |  | 984 |  |  | — |  |  | 14,284 |
Trade receivables, net |  | — |  |  | 64,185 |  |  | 1,558 |  |  | — |  |  | 65,743 |
Inventories, net |  | — |  |  | 65,673 |  |  | 200 |  |  | — |  |  | 65,873 |
Other current assets |  | 24,458 |  |  | 15,522 |  |  | 437 |  |  | — |  |  | 40,417 |
Total current assets |  | 24,458 |  |  | 197,060 |  |  | 10,852 |  |  | — |  |  | 232,370 |
Property, plant and equipment, net |  | — |  |  | 1,000,767 |  |  | 48,440 |  |  | — |  |  | 1,049,207 |
Real estate held for sale and investment |  | — |  |  | 237,668 |  |  | — |  |  | — |  |  | 237,668 |
Goodwill, net |  | — |  |  | 268,058 |  |  | 1,711 |  |  | — |  |  | 269,769 |
Intangible assets, net |  | — |  |  | 72,751 |  |  | 19,319 |  |  | — |  |  | 92,070 |
Other assets |  | 7,113 |  |  | 42,939 |  |  | 5,937 |  |  | (9,459 | ) |  | 46,530 |
Investments in subsidiaries |  | 1,775,195 |  |  | (553 | ) |  | — |  |  | (1,774,642 | ) |  | — |
Advances |  | (421,115 | ) |  | 418,001 |  |  | 3,114 |  |  | — |  |  | — |
Total assets |  | $ | 1,385,651 |  |  | $ | 2,236,691 |  |  | $ | 89,373 |  |  | $ | (1,784,101 | ) |  | $ | 1,927,614 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 6,542 |  |  | $ | 215,308 |  |  | $ | 5,688 |  |  | $ | — |  |  | $ | 227,538 |
Income taxes payable |  | 20,721 |  |  | — |  |  | — |  |  | — |  |  | 20,721 |
Long-term debt due within one year |  | — |  |  | 782 |  |  | 208 |  |  | — |  |  | 990 |
Total current liabilities |  | 27,263 |  |  | 216,090 |  |  | 5,896 |  |  | — |  |  | 249,249 |
Long-term debt |  | 390,000 |  |  | 41,817 |  |  | 57,958 |  |  | — |  |  | 489,775 |
Other long-term liabilities |  | 28,104 |  |  | 203,589 |  |  | 10,635 |  |  | (9,459 | ) |  | 232,869 |
Deferred income taxes |  | 137,973 |  |  | — |  |  | 1,420 |  |  | — |  |  | 139,393 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 802,311 |  |  | 1,775,195 |  |  | (553 | ) |  | (1,774,642 | ) |  | 802,311 |
Noncontrolling interests |  | — |  |  | — |  |  | 14,017 |  |  | — |  |  | 14,017 |
Total stockholders’ equity |  | 802,311 |  |  | 1,775,195 |  |  | 13,464 |  |  | (1,774,642 | ) |  | 816,328 |
Total liabilities and stockholders’ equity |  | $ | 1,385,651 |  |  | $ | 2,236,691 |  |  | $ | 89,373 |  |  | $ | (1,784,101 | ) |  | $ | 1,927,614 |
Supplemental Condensed Consolidating Balance Sheet As of October 31, 2011 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 38,060 |  |  | $ | 6,678 |  |  | $ | — |  |  | $ | 44,738 |
Restricted cash |  | — |  |  | 12,881 |  |  | 734 |  |  | — |  |  | 13,615 |
Trade receivables, net |  | — |  |  | 28,664 |  |  | 963 |  |  | — |  |  | 29,627 |
Inventories, net |  | — |  |  | 75,569 |  |  | 220 |  |  | — |  |  | 75,789 |
Other current assets |  | 30,700 |  |  | 26,744 |  |  | 378 |  |  | — |  |  | 57,822 |
Total current assets |  | 30,700 |  |  | 181,918 |  |  | 8,973 |  |  | — |  |  | 221,591 |
Property, plant and equipment, net |  | — |  |  | 1,001,793 |  |  | 48,233 |  |  | — |  |  | 1,050,026 |
Real estate held for sale and investment |  | — |  |  | 263,130 |  |  | — |  |  | — |  |  | 263,130 |
Goodwill, net |  | — |  |  | 268,058 |  |  | — |  |  | — |  |  | 268,058 |
Intangible assets, net |  | — |  |  | 73,205 |  |  | 18,155 |  |  | — |  |  | 91,360 |
Other assets |  | 7,876 |  |  | 33,739 |  |  | 4,568 |  |  | — |  |  | 46,183 |
Investments in subsidiaries |  | 1,633,628 |  |  | (4,696 | ) |  | — |  |  | (1,628,932 | ) |  | — |
Advances |  | (358,390 | ) |  | 365,244 |  |  | (6,854 | ) |  | — |  |  | — |
Total assets |  | $ | 1,313,814 |  |  | $ | 2,182,391 |  |  | $ | 73,075 |  |  | $ | (1,628,932 | ) |  | $ | 1,940,348 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 13,594 |  |  | $ | 298,661 |  |  | $ | 4,337 |  |  | $ | — |  |  | $ | 316,592 |
Income taxes payable |  | 19,568 |  |  | — |  |  | — |  |  | — |  |  | 19,568 |
Long-term debt due within one year |  | — |  |  | 855 |  |  | 208 |  |  | — |  |  | 1,063 |
Total current liabilities |  | 33,162 |  |  | 299,516 |  |  | 4,545 |  |  | — |  |  | 337,223 |
Long-term debt |  | 390,000 |  |  | 42,419 |  |  | 57,958 |  |  | — |  |  | 490,377 |
Other long-term liabilities |  | 28,104 |  |  | 206,828 |  |  | 1,343 |  |  | — |  |  | 236,275 |
Deferred income taxes |  | 99,118 |  |  | — |  |  | — |  |  | — |  |  | 99,118 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 763,430 |  |  | 1,633,628 |  |  | (4,696 | ) |  | (1,628,932 | ) |  | 763,430 |
Noncontrolling interests |  | — |  |  | — |  |  | 13,925 |  |  | — |  |  | 13,925 |
Total stockholders’ equity |  | 763,430 |  |  | 1,633,628 |  |  | 9,229 |  |  | (1,628,932 | ) |  | 777,355 |
Total liabilities and stockholders’ equity |  | $ | 1,313,814 |  |  | $ | 2,182,391 |  |  | $ | 73,075 |  |  | $ | (1,628,932 | ) |  | $ | 1,940,348 |
Supplemental Condensed Consolidating Statement Of Operations | Supplemental Condensed Consolidating Statement of Operations For the three months ended October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 116,004 |  |  | $ | 3,011 |  |  | $ | (2,665 | ) |  | $ | 116,350 |
Total operating expense |  | 113 |  |  | 204,358 |  |  | 4,805 |  |  | (2,627 | ) |  | 206,649 |
Loss from operations |  | (113 | ) |  | (88,354 | ) |  | (1,794 | ) |  | (38 | ) |  | (90,299 | )
Other expense, net |  | (6,610 | ) |  | (1,414 | ) |  | (335 | ) |  | 38 |  |  | (8,321 | )
Equity investment income, net |  | — |  |  | 434 |  |  | — |  |  | — |  |  | 434 |
Loss before benefit from income taxes |  | (6,723 | ) |  | (89,334 | ) |  | (2,129 | ) |  | — |  |  | (98,186 | )
Benefit from income taxes |  | 2,610 |  |  | 34,791 |  |  | 182 |  |  | — |  |  | 37,583 |
Net loss before equity in loss of consolidated subsidiaries |  | (4,113 | ) |  | (54,543 | ) |  | (1,947 | ) |  | — |  |  | (60,603 | )
Equity in loss of consolidated subsidiaries |  | (56,467 | ) |  | (1,924 | ) |  | — |  |  | 58,391 |  |  | — |
Net loss |  | (60,580 | ) |  | (56,467 | ) |  | (1,947 | ) |  | 58,391 |  |  | (60,603 | )
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Net loss attributable to Vail Resorts, Inc. |  | $ | (60,580 | ) |  | $ | (56,467 | ) |  | $ | (1,924 | ) |  | $ | 58,391 |  |  | $ | (60,580 | )
Supplemental Condensed Consolidating Statement of Operations For the three months ended October 31, 2011 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 117,034 |  |  | $ | 2,066 |  |  | $ | (2,727 | ) |  | $ | 116,373 |
Total operating expense |  | 128 |  |  | 200,266 |  |  | 3,042 |  |  | (2,689 | ) |  | 200,747 |
Loss from operations |  | (128 | ) |  | (83,232 | ) |  | (976 | ) |  | (38 | ) |  | (84,374 | )
Other expense, net |  | (6,599 | ) |  | (1,283 | ) |  | (333 | ) |  | 38 |  |  | (8,177 | )
Equity investment income, net |  | — |  |  | 430 |  |  | — |  |  | — |  |  | 430 |
Loss before benefit from income taxes |  | (6,727 | ) |  | (84,085 | ) |  | (1,309 | ) |  | — |  |  | (92,121 | )
Benefit from income taxes |  | 3,044 |  |  | 33,343 |  |  | — |  |  | — |  |  | 36,387 |
Net loss before equity in loss of consolidated subsidiaries |  | (3,683 | ) |  | (50,742 | ) |  | (1,309 | ) |  | — |  |  | (55,734 | )
Equity in loss of consolidated subsidiaries |  | (52,026 | ) |  | (1,284 | ) |  | — |  |  | 53,310 |  |  | — |
Net loss |  | (55,709 | ) |  | (52,026 | ) |  | (1,309 | ) |  | 53,310 |  |  | (55,734 | )
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Net loss attributable to Vail Resorts, Inc. |  | $ | (55,709 | ) |  | $ | (52,026 | ) |  | $ | (1,284 | ) |  | $ | 53,310 |  |  | $ | (55,709 | )
SupplementalCondensedStatementofComprehensiveIncome [Text Block] | Consolidated Condensed Statements of Comprehensive Income (Loss) For the three months ended October 31, 2012 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net loss |  | $ | (60,580 | ) |  | $ | (56,467 | ) |  | $ | (1,947 | ) |  | $ | 58,391 |  |  | $ | (60,603 | )
Foreign currency translation adjustments |  | 294 |  |  | 294 |  |  | 294 |  |  | (588 | ) |  | 294 |
Comprehensive loss |  | (60,286 | ) |  | (56,173 | ) |  | (1,653 | ) |  | 57,803 |  |  | (60,309 | )
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Comprehensive loss attributable to Vail Resorts, Inc. |  | $ | (60,286 | ) |  | $ | (56,173 | ) |  | $ | (1,630 | ) |  | $ | 57,803 |  |  | $ | (60,286 | )
Consolidated Condensed Statements of Comprehensive Income (Loss) For the three months ended October 31, 2011 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net loss |  | $ | (55,709 | ) |  | $ | (52,026 | ) |  | $ | (1,309 | ) |  | $ | 53,310 |  |  | $ | (55,734 | )
Foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive loss |  | (55,709 | ) |  | (52,026 | ) |  | (1,309 | ) |  | 53,310 |  |  | (55,734 | )
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Comprehensive loss attributable to Vail Resorts, Inc. |  | $ | (55,709 | ) |  | $ | (52,026 | ) |  | $ | (1,284 | ) |  | $ | 53,310 |  |  | $ | (55,709 | )
Supplemental Condensed Consolidating Statement Of Cash Flows | Supplemental Condensed Consolidating Statement of Cash Flows For the three months ended October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash (used in) provided by operating activities |  | $ | (38,785 | ) |  | $ | 73,658 |  |  | $ | (296 | ) |  | $ | 34,577 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (35,654 | ) |  | (253 | ) |  | (35,907 | )
Other investing activities, net |  | — |  |  | 255 |  |  | — |  |  | 255 |
Net cash used in investing activities |  | — |  |  | (35,399 | ) |  | (253 | ) |  | (35,652 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  | (6,729 | ) |  | — |  |  | — |  |  | (6,729 | )
Other financing activities, net |  | 3,628 |  |  | 2,170 |  |  | (94 | ) |  | 5,704 |
Advances |  | 41,886 |  |  | (42,030 | ) |  | 144 |  |  | — |
Net cash provided by (used in) financing activities |  | 38,785 |  |  | (39,860 | ) |  | 50 |  |  | (1,025 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | 32 |  |  | 32 |
Net decrease in cash and cash equivalents |  | — |  |  | (1,601 | ) |  | (467 | ) |  | (2,068 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 38,380 |  |  | 7,673 |  |  | 46,053 |
End of period |  | $ | — |  |  | $ | 36,779 |  |  | $ | 7,206 |  |  | $ | 43,985 |
Supplemental Condensed Consolidating Statement of Cash Flows For the three months ended October 31, 2011 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash (used in) provided by operating activities |  | $ | (34,685 | ) |  | $ | 73,005 |  |  | $ | 15 |  |  | $ | 38,335 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (50,893 | ) |  | (110 | ) |  | (51,003 | )
Other investing activities, net |  | — |  |  | (136 | ) |  | — |  |  | (136 | )
Net cash used in investing activities |  | — |  |  | (51,029 | ) |  | (110 | ) |  | (51,139 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Repurchase of common stock |  | (7,869 | ) |  | — |  |  | — |  |  | (7,869 | )
Dividends paid |  | (5,429 | ) |  | — |  |  | — |  |  | (5,429 | )
Other financing activities, net |  | 994 |  |  | (292 | ) |  | (5 | ) |  | 697 |
Advances |  | 46,989 |  |  | (46,989 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 34,685 |  |  | (47,281 | ) |  | (5 | ) |  | (12,601 | )
Net decrease in cash and cash equivalents |  | — |  |  | (25,305 | ) |  | (100 | ) |  | (25,405 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 63,365 |  |  | 6,778 |  |  | 70,143 |
End of period |  | $ | — |  |  | $ | 38,060 |  |  | $ | 6,678 |  |  | $ | 44,738 |

X
- Details
Name: | mtn_GuarantorSubsidiariesAndNonGuarantorSubsidiaries
Namespace Prefix: | mtn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed consolidated balance sheet for the periods presented. + References No definition available. + Details
Name: | mtn_SupplementalBalanceSheetTableTextBlock
Namespace Prefix: | mtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed consolidating cash flows for the periods presented. + References No definition available. + Details
Name: | mtn_SupplementalCondensedConsolidatingStatementOfCashFlowsTableTextBlock
Namespace Prefix: | mtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition SupplementalCondensedStatementofComprehensiveIncome [Text Block] + References No definition available. + Details
Name: | mtn_SupplementalcondensedstatementofcomprehensiveincomeTextBlock
Namespace Prefix: | mtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed consolidating statement of operations for the periods presented. + References No definition available. + Details
Name: | mtn_SupplementalStatementOfOperationsTableTextBlock
Namespace Prefix: | mtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration