Presented below is basic and diluted EPS for the three months ended April 30, 2018 and 2017 (in thousands, except per share amounts):



	Three Months Ended April 30,
	2018				2017
	Basic		Diluted		Basic		Diluted
Net income per share:
Net income attributable to Vail Resorts	$	256,252	$	256,252	$	181,107	$	181,107
Weighted-average Vail Shares outstanding	40,379		40,379		39,996		39,996
Weighted-average Exchangeco Shares outstanding	59		59		72		72
Total Weighted-average shares outstanding	40,438		40,438		40,068		40,068
Effect of dilutive securities	—		1,107		—		1,113
Total shares	40,438		41,545		40,068		41,181
Net income per share attributable to Vail Resorts	$	6.34	$	6.17	$	4.52	$	4.40

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 5,000 and 12,000 for the three months ended April 30, 2018 and 2017, respectively.

Presented below is basic and diluted EPS for the nine months ended April 30, 2018 and 2017 (in thousands, except per share amounts):



	Nine Months Ended April 30,
	2018				2017
	Basic		Diluted		Basic		Diluted
Net income per share:
Net income attributable to Vail Resorts	$	463,558	$	463,558	$	267,699	$	267,699
Weighted-average Vail Shares outstanding	40,313		40,313		38,871		38,871
Weighted-average Exchangeco Shares outstanding	61		61		101		101
Total Weighted-average shares outstanding	40,374		40,374		38,972		38,972
Effect of dilutive securities	—		1,267		—		1,097
Total shares	40,374		41,641		38,972		40,069
Net income per share attributable to Vail Resorts	$	11.48	$	11.13	$	6.87	$	6.68

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 5,000 and 4,000 for the nine months ended April 30, 2018 and 2017, respectively.