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Segment Information (Tables) | 9 Months Ended
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Apr. 30, 2021
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,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net revenue: |  |  |  |  |  |  |
Lift | $ | 577,680 |  |  | $ | 374,818 |  |  | $ | 1,041,546 |  |  | $ | 900,995 |
Ski school | 80,390 |  |  | 76,563 |  |  | 138,824 |  |  | 187,840 |
Dining | 45,294 |  |  | 61,632 |  |  | 80,172 |  |  | 158,980 |
Retail/rental | 91,286 |  |  | 78,133 |  |  | 203,718 |  |  | 259,761 |
Other | 34,533 |  |  | 44,158 |  |  | 101,092 |  |  | 154,105 |
Total Mountain net revenue | 829,183 |  |  | 635,304 |  |  | 1,565,352 |  |  | 1,661,681 |
Lodging | 59,095 |  |  | 58,385 |  |  | 138,787 |  |  | 220,030 |
Total Resort net revenue | 888,278 |  |  | 693,689 |  |  | 1,704,139 |  |  | 1,881,711 |
Real Estate | 800 |  |  | 398 |  |  | 1,369 |  |  | 4,784 |
Total net revenue | $ | 889,078 |  |  | $ | 694,087 |  |  | $ | 1,705,508 |  |  | $ | 1,886,495 |
Segment operating expense: |  |  |  |  |  |  |
Mountain | $ | 372,205 |  |  | $ | 333,785 |  |  | $ | 917,355 |  |  | $ | 1,068,479 |
Lodging | 54,862 |  |  | 55,460 |  |  | 149,468 |  |  | 208,545 |
Total Resort operating expense | 427,067 |  |  | 389,245 |  |  | 1,066,823 |  |  | 1,277,024 |
Real Estate | 2,023 |  |  | 1,128 |  |  | 5,088 |  |  | 7,926 |
Total segment operating expense | $ | 429,090 |  |  | $ | 390,373 |  |  | $ | 1,071,911 |  |  | $ | 1,284,950 |
Gain on sale of real property | $ | 189 |  |  | $ | — |  |  | $ | 189 |  |  | $ | 207 |
Mountain equity investment income (loss), net | $ | 1,011 |  |  | $ | (90) |  |  | $ | 6,177 |  |  | $ | 1,270 |
Reported EBITDA: |  |  |  |  |  |  |
Mountain | $ | 457,989 |  |  | $ | 301,429 |  |  | $ | 654,174 |  |  | $ | 594,472 |
Lodging | 4,233 |  |  | 2,925 |  |  | (10,681) |  |  | 11,485 |
Resort | 462,222 |  |  | 304,354 |  |  | 643,493 |  |  | 605,957 |
Real Estate | (1,034) |  |  | (730) |  |  | (3,530) |  |  | (2,935) |
Total Reported EBITDA | $ | 461,188 |  |  | $ | 303,624 |  |  | $ | 639,963 |  |  | $ | 603,022 |
Real estate held for sale and investment | $ | 96,259 |  |  | $ | 96,565 |  |  | $ | 96,259 |  |  | $ | 96,565 |
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA: |  |  |  |  |  |  |
Net income attributable to Vail Resorts, Inc. | $ | 274,629 |  |  | $ | 152,546 |  |  | $ | 268,661 |  |  | $ | 252,441 |
Net income attributable to noncontrolling interests | 2,661 |  |  | 7,285 |  |  | 738 |  |  | 14,579 |
Net income | 277,290 |  |  | 159,831 |  |  | 269,399 |  |  | 267,020 |
Provision for income taxes | 76,897 |  |  | 26,440 |  |  | 66,640 |  |  | 47,190 |
Income before provision for income taxes | 354,187 |  |  | 186,271 |  |  | 336,039 |  |  | 314,210 |
Depreciation and amortization | 64,071 |  |  | 64,730 |  |  | 189,362 |  |  | 186,387 |
Asset impairments | — |  |  | 28,372 |  |  | — |  |  | 28,372 |
Change in estimated fair value of contingent consideration | 10,400 |  |  | (8,000) |  |  | 12,202 |  |  | (5,264) |
(Gain) loss on disposal of fixed assets and other, net | (1,999) |  |  | 380 |  |  | 762 |  |  | (1,178) |
Investment income and other, net | (347) |  |  | (361) |  |  | (857) |  |  | (999) |
Foreign currency (gain) loss on intercompany loans | (4,157) |  |  | 7,753 |  |  | (9,832) |  |  | 8,191 |
Interest expense, net | 39,033 |  |  | 24,479 |  |  | 112,287 |  |  | 73,303 |
Total Reported EBITDA | $ | 461,188 |  |  | $ | 303,624 |  |  | $ | 639,963 |  |  | $ | 603,022 |

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