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Segment Information (Tables)
9 Months Ended
Apr. 30, 2013
Segment Reporting [Abstract]  
Summary Of Financial Information By Reportable Segment
The following table presents financial information by reportable segment which is used by management in evaluating performance and allocating resources (in thousands):
 
 
 
Three Months Ended April 30,
 
Nine Months Ended April 30,
 
 
2013
 
2012
 
2013
 
2012
Net revenue:
 
 
 
 
 
 
 
 
Lift tickets
 
$
215,163

 
$
188,712

 
$
390,820

 
$
342,411

Ski school
 
53,531

 
47,040

 
95,254

 
84,292

Dining
 
37,876

 
31,388

 
74,075

 
61,757

Retail/rental
 
66,329

 
60,144

 
176,802

 
160,958

Other
 
29,118

 
27,302

 
78,719

 
70,776

Total Mountain net revenue
 
402,017

 
354,586

 
815,670

 
720,194

Lodging
 
53,834

 
53,972

 
152,885

 
155,872

Total Resort net revenue
 
455,851

 
408,558

 
968,555

 
876,066

Real estate
 
13,840

 
12,587

 
39,937

 
34,784

Total net revenue
 
$
469,691

 
$
421,145

 
$
1,008,492

 
$
910,850

Operating expense:
 
 
 
 
 
 
 
 
Mountain
 
$
207,953

 
$
184,211

 
$
536,498

 
$
478,256

Lodging
 
45,446

 
47,103

 
142,055

 
149,497

Total Resort operating expense
 
253,399

 
231,314

 
678,553

 
627,753

Real estate
 
16,996

 
16,069

 
49,349

 
46,479

Total segment operating expense
 
$
270,395

 
$
247,383

 
$
727,902

 
$
674,232

Mountain equity investment income, net
 
$
266

 
$
336

 
$
799

 
$
944

Reported EBITDA:
 
 
 
 
 
 
 
 
Mountain
 
$
194,330

 
$
170,711

 
$
279,971

 
$
242,882

Lodging
 
8,388

 
6,869

 
10,830

 
6,375

Resort
 
202,718

 
177,580

 
290,801

 
249,257

Real estate
 
(3,156
)
 
(3,482
)
 
(9,412
)
 
(11,695
)
Total Reported EBITDA
 
$
199,562

 
$
174,098

 
$
281,389

 
$
237,562

 
 
 
 
 
 
 
 
 
Real estate held for sale and investment
 
$
201,861

 
$
248,262

 
$
201,861

 
$
248,262

 
 
 
 
 
 
 
 
 
Reconciliation to net income attributable to Vail Resorts, Inc.:
 
 
 
 
 
 
 
 
Total Reported EBITDA
 
$
199,562

 
$
174,098

 
$
281,389

 
$
237,562

Depreciation and amortization
 
(33,730
)
 
(33,266
)
 
(98,827
)
 
(95,245
)
Loss on disposal of fixed assets, net
 
(224
)
 
(90
)
 
(757
)
 
(1,123
)
Investment income (loss), net
 
153

 
(18
)
 
306

 
356

Interest expense, net
 
(8,359
)
 
(8,443
)
 
(25,268
)
 
(25,226
)
Income before provision for income taxes
 
157,402

 
132,281

 
156,843

 
116,324

Provision for income taxes
 
(59,814
)
 
(52,753
)
 
(59,329
)
 
(46,108
)
Net income
 
$
97,588

 
$
79,528

 
$
97,514

 
$
70,216

Net loss attributable to noncontrolling interests
 
52

 
41

 
97

 
34

Net income attributable to Vail Resorts, Inc.
 
$
97,640

 
$
79,569

 
$
97,611

 
$
70,250