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Net Income Per Common Share (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jan. 31, 2022 | Jan. 31, 2022
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, 2022 and 2021 (in thousands, except per share amounts):
|  | Three Months Ended January 31,
|  | 2022 |  | 2021
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 223,391 |  |  | $ | 223,391 |  |  | $ | 147,798 |  |  | $ | 147,798 |
Weighted-average Vail Shares outstanding |  | 40,505 |  |  | 40,505 |  |  | 40,253 |  |  | 40,253 |
Weighted-average Exchangeco Shares outstanding |  | 33 |  |  | 33 |  |  | 35 |  |  | 35 |
Total Weighted-average shares outstanding |  | 40,538 |  |  | 40,538 |  |  | 40,288 |  |  | 40,288 |
Effect of dilutive securities |  | — |  |  | 282 |  |  | — |  |  | 521 |
Total shares |  | 40,538 |  |  | 40,820 |  |  | 40,288 |  |  | 40,809 |
Net income per share attributable to Vail Resorts |  | $ | 5.51 |  |  | $ | 5.47 |  |  | $ | 3.67 |  |  | $ | 3.62 |
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 zero and 5,000 for the three months ended January 31, 2022 and 2021, respectively. | Presented below is basic and diluted EPS for the six months ended January 31, 2022 and 2021 (in thousands, except per share amounts):
|  | Six Months Ended January 31,
|  | 2022 |  | 2021
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) per share: |  |  |  |  |  |  |  |
Net income (loss) attributable to Vail Resorts |  | $ | 84,059 |  |  | $ | 84,059 |  |  | $ | (5,968) |  |  | $ | (5,968) |
Weighted-average Vail Shares outstanding |  | 40,460 |  |  | 40,460 |  |  | 40,233 |  |  | 40,233 |
Weighted-average Exchangeco Shares outstanding |  | 33 |  |  | 33 |  |  | 35 |  |  | 35 |
Total Weighted-average shares outstanding |  | 40,493 |  |  | 40,493 |  |  | 40,268 |  |  | 40,268 |
Effect of dilutive securities |  | — |  |  | 344 |  |  | — |  |  | — |
Total shares |  | 40,493 |  |  | 40,837 |  |  | 40,268 |  |  | 40,268 |
Net income (loss) per share attributable to Vail Resorts |  | $ | 2.08 |  |  | $ | 2.06 |  |  | $ | (0.15) |  |  | $ | (0.15) |
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 0.6 million for the six months ended January 31, 2022 and 2021, 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=124432515&loc=d3e3550-109257 + Details
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