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Acquisitions (Tables)

12 Months Ended

Jul. 31, 2014

Business Acquisition [Line Items]

Schedule of Capital Leased Assets [Table Text Block]

The following table shows the composition of Canyons property, plant and equipment recorded under capital leases as of July 31, 2014 and 2013:

	July 31,
	2014			2013
Land	$	18,500		$	18,500
Land improvements	29,980			29,980
Buildings and building improvements	32,800			32,800
Machinery and equipment	46,605			44,774
Gross property, plant and equipment	127,885			126,054
Accumulated depreciation	(7,596		)	(1,065		)
Property, plant and equipment, net	$	120,289		$	124,989

Canyons [Member]

Business Acquisition [Line Items]

Summary Pro Forma Financial Information

This unaudited pro forma financial information is presented for informational purposes only and does not purport to be indicative of the results of future operations or the results that would have occurred had the transaction taken place on August 1, 2011 (in thousands, except per share amounts).

	Year Ended July 31,
	2013			2012
Pro forma net revenue	$	1,172,159		$	1,074,859
Pro forma net income (loss) attributable to Vail Resorts, Inc.	$	20,714		$	(6,525	)
Pro forma basic net income (loss) per share attributable to Vail Resorts, Inc.	$	0.58		$	(0.18	)
Pro forma diluted net income (loss) per share attributable to Vail Resorts, Inc.	$	0.56		$	(0.18	)

Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed

The following summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands).

	Acquisition Date Fair Value
Accounts receivable	$	2,211
Other current assets	1,698
Property, plant and equipment	5,475
Property, plant and equipment (under capital lease)	127,885
Deferred income tax assets, net	11,869
Intangible assets	30,700
PCMR deposit	57,800
Goodwill	106,414
Total identifiable assets acquired	$	344,052
Accounts payable and accrued liabilities	$	6,723
Deferred revenue	1,134
Other liabilities	21,766
Canyons obligation	305,329
Contingent consideration	9,100
Total liabilities assumed	$	344,052

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

uture minimum lease payments under the Lease as of July 31, 2014 reflected by fiscal year are as follows (in thousands):

2015	$	25,589
2016	26,101
2017	26,623
2018	27,156
2019	27,699
Thereafter	1,952,077
Total future minimum lease payments	2,085,245
Less amount representing interest	(1,773,387		)
Net future minimum lease payments	$	311,858

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

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- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (a)

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Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

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-Publisher FASB

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-Topic 840

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-Subparagraph (b)

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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-Topic 805

-SubTopic 20

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-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

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