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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Net revenue:        
Mountain and Lodging services and other $ 700,033 $ 653,510 $ 1,437,753 $ 1,338,836
Mountain and Lodging retail and dining 141,318 136,251 358,253 349,077
Resort net revenue 841,351 789,761 1,796,006 1,687,913
Real estate 3,140 4,870 3,910 10,181
Total net revenue 844,491 794,631 1,799,916 1,698,094
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 301,760 281,778 780,539 717,318
Mountain and Lodging retail and dining cost of products sold 54,289 52,673 147,205 142,422
General and administrative 66,181 63,836 194,780 185,802
Resort operating expense 422,230 398,287 1,122,524 1,045,542
Real estate (597) 9,818 2,301 17,144
Total segment operating expense 421,633 408,105 1,124,825 1,062,686
Other operating (expense) income:        
Depreciation and amortization (54,104) (50,029) (154,132) (140,236)
Gain on sale of real property 0 0 515 6,466
Change in estimated fair value of contingent consideration (Note 7) 2,454 (14,500) 2,454 (15,100)
Loss on disposal of fixed assets and other, net (3,230) (1,924) (2,125) (4,705)
Income from operations 367,978 320,073 521,803 481,833
Mountain equity investment income, net 607 521 1,094 1,510
Investment income and other, net 736 210 1,516 5,881
Foreign currency loss on intercompany loans (Note 4) (9,502) (9,065) (6,511) (3,899)
Interest expense, net (15,648) (14,248) (46,795) (40,426)
Income before (provision) benefit from income taxes 344,171 297,491 471,107 444,899
(Provision) benefit from income taxes (Note 2) (71,896) (100,635) 17,914 (151,933)
Net income 272,275 196,856 489,021 292,966
Net income attributable to noncontrolling interests (16,023) (15,749) (25,463) (25,267)
Net income attributable to Vail Resorts, Inc. $ 256,252 $ 181,107 $ 463,558 $ 267,699
Per share amounts (Note 3):        
Basic net income per share attributable to Vail Resorts, Inc. $ 6.34 $ 4.52 $ 11.48 $ 6.87
Diluted net income per share attributable to Vail Resorts, Inc. 6.17 4.40 11.13 6.68
Cash dividends declared per share $ 1.470 $ 1.053 $ 3.576 $ 2.673