XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.20.4

Net Income Per Common Share (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jan. 31, 2021 | Jan. 31, 2021
Earnings Per Share Reconciliation [Abstract] |  |
Summary of Calculation of Basic And Diluted EPS | Presented below is basic and diluted EPS for the three months ended January 31, 2021 and 2020 (in thousands, except per share amounts):
|  | Three Months Ended January 31,
|  | 2021 |  | 2020
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 147,798 |  |  | $ | 147,798 |  |  | $ | 206,370 |  |  | $ | 206,370 |
Weighted-average Vail Shares outstanding |  | 40,253 |  |  | 40,253 |  |  | 40,261 |  |  | 40,261 |
Weighted-average Exchangeco Shares outstanding |  | 35 |  |  | 35 |  |  | 55 |  |  | 55 |
Total Weighted-average shares outstanding |  | 40,288 |  |  | 40,288 |  |  | 40,316 |  |  | 40,316 |
Effect of dilutive securities |  | — |  |  | 521 |  |  | — |  |  | 625 |
Total shares |  | 40,288 |  |  | 40,809 |  |  | 40,316 |  |  | 40,941 |
Net income per share attributable to Vail Resorts |  | $ | 3.67 |  |  | $ | 3.62 |  |  | $ | 5.12 |  |  | $ | 5.04 |
The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. The number of shares issuable upon the exercise of share based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 5,000 and 28,000 for the three months ended January 31, 2021 and 2020, respectively. | Presented below is basic and diluted EPS for the six months ended January 31, 2021 and 2020 (in thousands, except per share amounts):
|  | Six Months Ended January 31,
|  | 2021 |  | 2020
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net (loss) income per share: |  |  |  |  |  |  |  |
Net (loss) income attributable to Vail Resorts |  | $ | (5,968) |  |  | $ | (5,968) |  |  | $ | 99,895 |  |  | $ | 99,895 |
Weighted-average Vail Shares outstanding |  | 40,233 |  |  | 40,233 |  |  | 40,274 |  |  | 40,274 |
Weighted-average Exchangeco Shares outstanding |  | 35 |  |  | 35 |  |  | 55 |  |  | 55 |
Total Weighted-average shares outstanding |  | 40,268 |  |  | 40,268 |  |  | 40,329 |  |  | 40,329 |
Effect of dilutive securities |  | — |  |  | — |  |  | — |  |  | 644 |
Total shares |  | 40,268 |  |  | 40,268 |  |  | 40,329 |  |  | 40,973 |
Net (loss) income per share attributable to Vail Resorts |  | $ | (0.15) |  |  | $ | (0.15) |  |  | $ | 2.48 |  |  | $ | 2.44 |
The number of shares issuable upon the exercise of share based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 0.6 million and 23,000 for the six months ended January 31, 2021 and 2020, respectively.

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

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration