XML 62 R22.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases (Tables) | 6 Months Ended
--- | ---
Jan. 31, 2020
Leases [Abstract] |
Lease, Cost [Table Text Block] | The components of lease expense for the three and six months ended January 31, 2020, were as follows (in thousands):
|  | Three Months Ended January 31, 2020 |  | Six Months Ended January 31, 2020
Finance leases: |  |  |  |
Amortization of the finance ROU assets |  | $ | 2,438 |  |  | $ | 4,876 |
Interest on lease liabilities |  | $ | 8,509 |  |  | $ | 17,017 |
Operating leases: |  |  |  |
Operating lease expense |  | $ | 10,411 |  |  | $ | 20,448 |
Short-term lease expense 1 |  | $ | 2,459 |  |  | $ | 4,812 |
Variable lease expense |  | $ | 1,339 |  |  | $ | 2,181 |
1 Short-term lease expense is attributable to leases with terms of 12 months or less which are not included within the Company’s Consolidated Condensed Balance Sheet.
Leasing Cash Flows, Supplemental Disclosures [Text Block] | The following table presents the supplemental cash flow information associated with the Company’s leasing activities for the six months ended January 31, 2020 (in thousands):
|  | Six Months Ended January 31, 2020
Cash flow supplemental information: |  |
Operating cash outflows for operating leases |  | $ | 25,435 |
Operating cash outflows for finance leases |  | $ | 15,180 |
Financing cash outflows for finance leases |  | $ | 5,387 |
Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block] | Weighted-average remaining lease terms and discount rates are as follows:
|  | As of January 31, 2020
Weighted-average remaining lease term (in years) |  |
Operating leases |  | 10.7 |
Finance leases |  | 43.4 |
Weighted-average discount rate |  |
Operating leases |  | 4.5 | %
Finance leases |  | 10.0 | %
Schedule of Future Minimum Lease Payments for Operating and Finance Leases [Table Text Block] | Future minimum lease payments for operating and finance leases as of January 31, 2020 reflected by fiscal year (August 1 through July 31) are as follows (in thousands):
| Operating Leases |  | Finance Leases
2020 (February 2020 through July 2020) | $ | 30,141 |  |  | $ | 14,126 |
2021 | 45,805 |  |  | 28,818 |
2022 | 42,606 |  |  | 29,394 |
2023 | 37,666 |  |  | 29,982 |
2024 | 33,889 |  |  | 30,582 |
Thereafter | 166,166 |  |  | 1,805,048 |
Total future minimum lease payments | 356,273 |  |  | 1,937,950 |
Less amount representing interest | (92,149 | ) |  | (1,594,803 | )
Total lease liabilities | $ | 264,124 |  |  | $ | 343,147 |
Future minimum lease payments in accordance with Topic 840 as of July 31, 2019, reflected by fiscal year, were as follows (in thousands):
| Operating Leases |  | Capital Leases
2020 | $ | 44,984 |  |  | $ | 28,253 |
2021 | 42,512 |  |  | 28,818 |
2022 | 39,440 |  |  | 29,394 |
2023 | 34,840 |  |  | 29,982 |
2024 | 30,836 |  |  | 30,582 |
Thereafter | 142,526 |  |  | 1,805,048 |
Total future minimum lease payments | $ | 335,138 |  |  | $ | 1,952,077 |
Less amount representing interest |  |  | (1,611,816 | )
Net future minimum lease payments |  |  | $ | 340,261 |

X
- Definition Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block] + References No definition available. + Details
Name: | mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock
Namespace Prefix: | mtn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
Name: | us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration