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Revenue (Notes) | 6 Months Ended
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Jan. 31, 2022
Revenue [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Recognition Revenue from the sale of pass products is recognized as lift revenue throughout the ski season, as the Company's performance obligations are satisfied as control of the service (e.g., access to ski areas throughout the ski season) is transferred to customers. In accordance with Topic 606, the Company estimates progress towards satisfaction of its performance obligations using an output method that best depicts the transfer of control of the service to its customers. Historically, the output method measured progress toward satisfaction of the Company’s performance obligations based on the estimated number of pass product holder visits relative to total expected visits, based on historical data, which the Company believed to provide a faithful depiction of its customers’ pass product usage. When sufficient historical data to determine usage patterns was not available, such as in the case of new product offerings, progress was measured on a straight-line basis throughout the ski season until sufficient historical usage patterns were available. Beginning August 1, 2021, progress towards satisfaction of the Company’s performance obligations for all passes is measured using an output method based on the skiable days of the season to date relative to the total estimated skiable days of the season, which effectively results in revenue being recorded on a straight-line basis throughout the ski season. Total estimated skiable days is based on actual resort opening and estimated closing dates. The Company believes this method best estimates the value transferred to the customer to date relative to the remaining services promised under the contract. Due to the strong correlation between historical pass product usage and skiable days, the change in the Company’s method of estimating progress toward satisfaction of the performance obligation alone does not have a material effect on the recognition pattern of pass product revenue. Disaggregation of Revenues The following table presents net revenues disaggregated by segment and major revenue type for the three and six months ended January 31, 2022 and 2021 (in thousands):
|  | Three Months Ended January 31, |  | Six Months Ended January 31,
|  | 2022 |  | 2021(1) |  | 2022 |  | 2021(1)
Mountain net revenue: |  |  |  |  |  |  |  |
Lift |  | $ | 521,582 |  |  | $ | 430,775 |  |  | $ | 535,911 |  |  | $ | 463,866 |
Ski School |  | 92,072 |  |  | 56,390 |  |  | 93,545 |  |  | 58,434 |
Dining |  | 54,049 |  |  | 32,227 |  |  | 66,569 |  |  | 35,295 |
Retail/Rental |  | 126,831 |  |  | 90,126 |  |  | 155,207 |  |  | 112,432 |
Other |  | 39,841 |  |  | 32,460 |  |  | 92,443 |  |  | 71,430 |
Total Mountain net revenue |  | $ | 834,375 |  |  | $ | 641,978 |  |  | $ | 943,675 |  |  | $ | 741,457 |
Lodging net revenue: |  |  |  |  |  |  |  |
Owned hotel rooms |  | $ | 13,584 |  |  | $ | 6,708 |  |  | $ | 35,067 |  |  | $ | 14,073 |
Managed condominium rooms |  | 33,125 |  |  | 20,336 |  |  | 46,209 |  |  | 29,665 |
Dining |  | 8,375 |  |  | 2,448 |  |  | 18,650 |  |  | 3,541 |
Transportation |  | 5,766 |  |  | 2,947 |  |  | 7,559 |  |  | 2,947 |
Golf |  | — |  |  | — |  |  | 5,118 |  |  | 3,691 |
Other |  | 9,269 |  |  | 7,894 |  |  | 21,736 |  |  | 17,266 |
|  | 70,119 |  |  | 40,333 |  |  | 134,339 |  |  | 71,183 |
Payroll cost reimbursements |  | 1,861 |  |  | 2,018 |  |  | 3,602 |  |  | 3,221 |
Total Lodging net revenue |  | $ | 71,980 |  |  | $ | 42,351 |  |  | $ | 137,941 |  |  | $ | 74,404 |
Total Resort net revenue |  | $ | 906,355 |  |  | $ | 684,329 |  |  | $ | 1,081,616 |  |  | $ | 815,861 |
Total Real Estate net revenue |  | 180 |  |  | 315 |  |  | 495 |  |  | 569 |
Total net revenue |  | $ | 906,535 |  |  | $ | 684,644 |  |  | $ | 1,082,111 |  |  | $ | 816,430 |
(1) Segment results for the three and six months ended January 31, 2021 have been retrospectively adjusted to reflect current period presentation. See Note 10 for additional information. Contract Balances Deferred revenue balances of a short-term nature were $611.5 million and $456.5 million as of January 31, 2022 and July 31, 2021, respectively. Deferred revenue balances of a long-term nature, comprised primarily of long-term private club initiation fee revenue, was $120.6 million and $121.0 million as of January 31, 2022 and July 31, 2021, respectively. For the three and six months ended January 31, 2022, the Company recognized approximately $177.6 million and $223.0 million, respectively, of revenue that was included in the deferred revenue balance as of July 31, 2021. As of January 31, 2022, the weighted average remaining period over which revenue for unsatisfied performance obligations on long-term private club contracts will be recognized was approximately 16 years. Trade receivables, net were $167.1 million and $345.4 million as of January 31, 2022 and July 31, 2021, respectively. Costs to Obtain Contracts with Customers As of January 31, 2022, $11.7 million of costs to obtain contracts with customers were recorded within other current assets on the Company’s Consolidated Condensed Balance Sheet. The amounts capitalized are subject to amortization generally beginning in the second quarter of fiscal 2022, commensurate with the revenue recognized for related pass products. The Company recorded amortization of $10.0 million and $10.1 million, respectively, for these costs during the three and six months ended January 31, 2022, which was recorded within Mountain and Lodging operating expenses on the Company’s Consolidated Condensed Statement of Operations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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