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Acquisitions (Tables) | 12 Months Ended
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Jul. 31, 2019
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro Forma Financial Information for Falls Creek, Hotham, Stevens Pass and Triple Peaks The following presents the unaudited pro forma consolidated financial information of the Company as if the acquisitions of Falls Creek, Hotham, Stevens Pass and Triple Peaks were completed on August 1, 2017, the beginning of the fiscal year preceding the fiscal year in which the acquisitions occurred. The following unaudited pro forma financial information includes adjustments for (i) depreciation on acquired property, plant and equipment; (ii) amortization of intangible assets recorded at the date of the transactions; (iii) lease expenses incurred by the prior owners which the Company will not be subject to; (iv) transaction and business integration related costs; and (v) interest expense associated with financing the transactions. 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, 2017 (in thousands, except per share amounts).
| Year Ended July 31,
| 2019 | 2018
Pro forma net revenue | $ | 2,303,728 |  | $ | 2,197,659 |
Pro forma net income attributable to Vail Resorts, Inc. | $ | 307,060 |  | $ | 389,086 |
Pro forma basic net income per share attributable to Vail Resorts, Inc. | $ | 7.61 |  | $ | 9.63 |
Pro forma diluted net income per share attributable to Vail Resorts, Inc. | $ | 7.46 |  | $ | 9.35 |
Falls Creek and Hotham [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):
| Acquisition Date Estimated Fair Value
Current assets | $ | 6,986 |
Property, plant and equipment | 54,889 |
Goodwill | 71,538 |
Identifiable intangible assets and other assets | 5,833 |
Liabilities | (11,894 | )
Net assets acquired | $ | 127,352 |
Whistler Blackcomb [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following summarizes the purchase consideration and the estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands, except exchange ratio and share price):
(in thousands, except exchange ratio and share price amounts) |  | Acquisition Date Estimated Fair Value
Total Whistler Blackcomb shares acquired |  | 38,500 |
Exchange ratio as of October 14, 2016 |  | 0.097294 |
Total Vail Resorts shares issued to Whistler Blackcomb shareholders |  | 3,746 |
Vail Resorts closing share price on October 14, 2016 |  | $ | 153.41 |
Total value of Vail Resorts shares issued |  | $ | 574,645 |
Total cash consideration paid at C$17.50 ($13.31 on October 17, 2016) per Whistler Blackcomb share |  | 512,558 |
Total purchase consideration to Whistler Blackcomb shareholders |  | 1,087,203 |
Estimated fair value of previously held investment in Whistler Blackcomb |  | 4,308 |
Estimated fair value of Nippon Cable’s 25% interest in Whistler Blackcomb |  | 180,803 |
Total estimated purchase consideration |  | $ | 1,272,314 |
Allocation of total estimated purchase consideration: |  |
Estimated fair values of assets acquired: |  |
Current assets |  | $ | 36,820 |
Property, plant and equipment |  | 332,609 |
Real estate held for sale and investment |  | 8,216 |
Goodwill |  | 956,459 |
Identifiable intangibles |  | 150,681 |
Deferred income taxes, net |  | 7,992 |
Other assets |  | 1,973 |
Current liabilities |  | (74,358 | )
Assumed long-term debt |  | (144,922 | )
Other long-term liabilities |  | (3,156 | )
Net assets acquired |  | $ | 1,272,314 |
During the year ended July 31, 2018, the Company recorded adjustments in the measurement period to its purchase price allocation which decreased the estimated fair value of noncontrolling interest and season pass holder relationships intangible asset with a corresponding net decrease to goodwill. The estimated fair values of definite-lived and indefinite-lived identifiable intangible assets were determined using significant estimates and assumptions. The estimated fair value and estimated useful lives of identifiable intangible assets, where applicable, are as follows.
| Estimated Fair Value |  | Weighted Average Amortization Period
| ($ in thousands) |  | (in years) (1)
Trademarks | $ | 139,977 |  |  | n/a
Season pass holder relationships | 6,596 |  |  | 5
Property management contracts | 4,108 |  |  | n/a
Total acquired identifiable intangible assets | $ | 150,681 |  |  |
(1) Trademarks and property management contracts are indefinite-lived intangible assets. The excess of the purchase consideration over the aggregate estimated fair values of assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected cost efficiencies from the elimination of certain public company costs as well as other select areas of general and administrative functions, synergies, including utilization of the Company’s yield management strategies at Whistler Blackcomb and increased pass product sales and visitation across the Company’s resort portfolio, the assembled workforce of Whistler Blackcomb and other factors. The goodwill is not deductible for income tax purposes. The operating results of Whistler Blackcomb, which are primarily recorded in the Mountain segment, contributed $257.8 million of net revenue and $65.6 million of earnings for the year ended July 31, 2017, prospectively from the acquisition date of October 17, 2016. The Company recognized $3.2 million of Whistler Blackcomb transaction related expenses in Mountain operating expense in the Consolidated Statement of Operations for the year ended July 31, 2017.
Stevens Pass [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):
| Acquisition Date Estimated Fair Value
Current assets | $ | 752 |
Property, plant and equipment | 34,865 |
Goodwill | 28,878 |
Identifiable intangible assets | 2,680 |
Deferred income taxes, net | 886 |
Liabilities | (4,029 | )
Net assets acquired | $ | 64,032 |
Triple Peaks, LLC [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):
| Acquisition Date Estimated Fair Value
Current assets | $ | 5,197 |
Property, plant and equipment | 159,799 |
Goodwill | 51,633 |
Identifiable intangible assets | 27,360 |
Deferred income taxes, net | 3,093 |
Liabilities | (17,989 | )
Net assets acquired | $ | 229,093 |

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