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Segment Information (Tables) | 9 Months Ended
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Apr. 30, 2019
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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net revenue: |  |  |  |  |  |  |
Lift | $ | 526,881 |  |  | $ | 452,723 |  |  | $ | 999,124 |  |  | $ | 860,103 |
Ski school | 110,755 |  |  | 101,213 |  |  | 207,271 |  |  | 185,767 |
Dining | 78,928 |  |  | 70,678 |  |  | 162,629 |  |  | 142,890 |
Retail/rental | 114,082 |  |  | 104,162 |  |  | 285,860 |  |  | 265,015 |
Other | 47,252 |  |  | 43,748 |  |  | 144,093 |  |  | 137,776 |
Total Mountain net revenue | 877,898 |  |  | 772,524 |  |  | 1,798,977 |  |  | 1,591,551 |
Lodging | 79,848 |  |  | 68,827 |  |  | 227,997 |  |  | 204,455 |
Total Resort net revenue | 957,746 |  |  | 841,351 |  |  | 2,026,974 |  |  | 1,796,006 |
Real Estate | 241 |  |  | 3,140 |  |  | 595 |  |  | 3,910 |
Total net revenue | $ | 957,987 |  |  | $ | 844,491 |  |  | $ | 2,027,569 |  |  | $ | 1,799,916 |
Segment operating expense: |  |  |  |  |  |  |
Mountain | $ | 410,254 |  |  | $ | 363,878 |  |  | $ | 1,056,625 |  |  | $ | 936,567 |
Lodging | 67,221 |  |  | 58,352 |  |  | 205,717 |  |  | 185,957 |
Resort | 477,475 |  |  | 422,230 |  |  | 1,262,342 |  |  | 1,122,524 |
Real Estate, net | 1,382 |  |  | (597 | ) |  | 4,141 |  |  | 2,301 |
Total segment operating expense | $ | 478,857 |  |  | $ | 421,633 |  |  | $ | 1,266,483 |  |  | $ | 1,124,825 |
Gain on sale of real property | $ | 268 |  |  | $ | — |  |  | $ | 268 |  |  | $ | 515 |
Mountain equity investment income, net | $ | 445 |  |  | $ | 607 |  |  | $ | 1,555 |  |  | $ | 1,094 |
Reported EBITDA: |  |  |  |  |  |  |
Mountain | $ | 468,089 |  |  | $ | 409,253 |  |  | $ | 743,907 |  |  | $ | 656,078 |
Lodging | 12,627 |  |  | 10,475 |  |  | 22,280 |  |  | 18,498 |
Resort | 480,716 |  |  | 419,728 |  |  | 766,187 |  |  | 674,576 |
Real Estate | (873 | ) |  | 3,737 |  |  | (3,278 | ) |  | 2,124 |
Total Reported EBITDA | $ | 479,843 |  |  | $ | 423,465 |  |  | $ | 762,909 |  |  | $ | 676,700 |
Real estate held for sale and investment | $ | 101,251 |  |  | $ | 99,623 |  |  | $ | 101,251 |  |  | $ | 99,623 |
Reconciliation to net income attributable to Vail Resorts, Inc.: |  |  |  |  |  |  |
Total Reported EBITDA | $ | 479,843 |  |  | $ | 423,465 |  |  | $ | 762,909 |  |  | $ | 676,700 |
Depreciation and amortization | (55,260 | ) |  | (54,104 | ) |  | (161,541 | ) |  | (154,132 | )
Change in estimated fair value of contingent consideration | (1,567 | ) |  | 2,454 |  |  | (3,467 | ) |  | 2,454 |
Gain (loss) on disposal of fixed assets and other, net | 27 |  |  | (3,230 | ) |  | 505 |  |  | (2,125 | )
Investment income and other, net | 1,727 |  |  | 736 |  |  | 2,697 |  |  | 1,516 |
Foreign currency loss on intercompany loans | (3,319 | ) |  | (9,502 | ) |  | (5,180 | ) |  | (6,511 | )
Interest expense, net | (19,575 | ) |  | (15,648 | ) |  | (59,215 | ) |  | (46,795 | )
Income before (provision) benefit from income taxes | 401,876 |  |  | 344,171 |  |  | 536,708 |  |  | 471,107 |
(Provision) benefit from income taxes | (93,346 | ) |  | (71,896 | ) |  | (120,914 | ) |  | 17,914 |
Net income | 308,530 |  |  | 272,275 |  |  | 415,794 |  |  | 489,021 |
Net income attributable to noncontrolling interests | (16,396 | ) |  | (16,023 | ) |  | (25,106 | ) |  | (25,463 | )
Net income attributable to Vail Resorts, Inc. | $ | 292,134 |  |  | $ | 256,252 |  |  | $ | 390,688 |  |  | $ | 463,558 |

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