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Net Income Per Common Share (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Apr. 30, 2021 | Apr. 30, 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 April 30, 2021 and 2020 (in thousands, except per share amounts):
|  | Three Months Ended April 30,
|  | 2021 |  | 2020
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 274,629 |  |  | $ | 274,629 |  |  | $ | 152,546 |  |  | $ | 152,546 |
Weighted-average Vail Shares outstanding |  | 40,262 |  |  | 40,262 |  |  | 40,183 |  |  | 40,183 |
Weighted-average Exchangeco Shares outstanding |  | 34 |  |  | 34 |  |  | 54 |  |  | 54 |
Total Weighted-average shares outstanding |  | 40,296 |  |  | 40,296 |  |  | 40,237 |  |  | 40,237 |
Effect of dilutive securities |  | — |  |  | 600 |  |  | — |  |  | 507 |
Total shares |  | 40,296 |  |  | 40,896 |  |  | 40,237 |  |  | 40,744 |
Net income per share attributable to Vail Resorts |  | $ | 6.82 |  |  | $ | 6.72 |  |  | $ | 3.79 |  |  | $ | 3.74 |
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 1,000 and 4,000 for the three months ended April 30, 2021 and 2020, respectively. | Presented below is basic and diluted EPS for the nine months ended April 30, 2021 and 2020 (in thousands, except per share amounts):
|  | Nine Months Ended April 30,
|  | 2021 |  | 2020
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 268,661 |  |  | $ | 268,661 |  |  | $ | 252,441 |  |  | $ | 252,441 |
Weighted-average Vail Shares outstanding |  | 40,242 |  |  | 40,242 |  |  | 40,244 |  |  | 40,244 |
Weighted-average Exchangeco Shares outstanding |  | 35 |  |  | 35 |  |  | 55 |  |  | 55 |
Total Weighted-average shares outstanding |  | 40,277 |  |  | 40,277 |  |  | 40,299 |  |  | 40,299 |
Effect of dilutive securities |  | — |  |  | 530 |  |  | — |  |  | 601 |
Total shares |  | 40,277 |  |  | 40,807 |  |  | 40,299 |  |  | 40,900 |
Net income per share attributable to Vail Resorts |  | $ | 6.67 |  |  | $ | 6.58 |  |  | $ | 6.26 |  |  | $ | 6.17 |
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 2,000 and 1,000 for the nine months ended April 30, 2021 and 2020, respectively.

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- 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
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