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Segment Information (Tables)

6 Months Ended

Jan. 31, 2020

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 January 31,								Six Months Ended January 31,
	2020				2019				2020				2019
Net revenue:
Lift	$	484,348			$	447,558			$	526,177			$	472,243
Ski school	102,743				92,244				111,277				96,516
Dining	75,719				65,409				97,348				83,701
Retail/rental	133,713				128,436				181,628				171,778
Other	49,022				42,426				109,947				96,841
Total Mountain net revenue	845,545				776,073				1,026,377				921,079
Lodging	78,887				73,249				161,645				148,149
Total Resort net revenue	924,432				849,322				1,188,022				1,069,228
Real Estate	206				256				4,386				354
Total net revenue	$	924,638			$	849,578			$	1,192,408			$	1,069,582
Segment operating expense:
Mountain	$	472,686			$	424,008			$	734,694			$	646,371
Lodging	73,593				67,492				153,085				138,496
Resort	546,279				491,500				887,779				784,867
Real Estate	1,505				1,389				6,798				2,759
Total segment operating expense	$	547,784			$	492,889			$	894,577			$	787,626
Gain on sale of real property	$	—			$	—			$	207			$	—
Mountain equity investment income, net	$	169			$	160			$	1,360			$	1,110
Reported EBITDA:
Mountain	$	373,028			$	352,225			$	293,043			$	275,818
Lodging	5,294				5,757				8,560				9,653
Resort	378,322				357,982				301,603				285,471
Real Estate	(1,299		)		(1,133		)		(2,205		)		(2,405		)
Total Reported EBITDA	$	377,023			$	356,849			$	299,398			$	283,066
Real estate held for sale and investment	$	96,944			$	101,730			$	96,944			$	101,730
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income attributable to Vail Resorts, Inc.	$	206,370			$	206,349			$	99,895			$	98,554
Net income attributable to noncontrolling interests	10,648				11,641				7,294				8,710
Net income	217,018				217,990				107,189				107,264
Provision for income taxes	67,313				63,973				20,750				27,568
Income before provision for income taxes	284,331				281,963				127,939				134,832
Depreciation and amortization	63,812				55,238				121,657				106,281
Change in estimated fair value of contingent consideration	1,600				700				2,736				1,900
Loss (gain) on disposal of fixed assets and other, net	709				(1,097		)		(1,558		)		(478		)
Investment income and other, net	(361		)		(507		)		(638		)		(970		)
Foreign currency loss (gain) on intercompany loans	798				(450		)		438				1,861
Interest expense, net	26,134				21,002				48,824				39,640
Total Reported EBITDA	$	377,023			$	356,849			$	299,398			$	283,066

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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