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Net Income Per Common Share (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jan. 31, 2023 | Jan. 31, 2023
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, 2023 and 2022 (in thousands, except per share amounts):
|  | Three Months Ended January 31,
|  | 2023 |  | 2022
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 208,679 |  |  | $ | 208,679 |  |  | $ | 223,391 |  |  | $ | 223,391 |
Weighted-average Vail Shares outstanding |  | 40,327 |  |  | 40,327 |  |  | 40,505 |  |  | 40,505 |
Weighted-average Exchangeco Shares outstanding |  | — |  |  | — |  |  | 33 |  |  | 33 |
Total Weighted-average shares outstanding |  | 40,327 |  |  | 40,327 |  |  | 40,538 |  |  | 40,538 |
Effect of dilutive securities |  | — |  |  | 107 |  |  | — |  |  | 282 |
Total shares |  | 40,327 |  |  | 40,434 |  |  | 40,538 |  |  | 40,820 |
Net income per share attributable to Vail Resorts |  | $ | 5.17 |  |  | $ | 5.16 |  |  | $ | 5.51 |  |  | $ | 5.47 |
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 25,000 and zero for the three months ended January 31, 2023 and 2022, respectively. | Presented below is basic and diluted EPS for the six months ended January 31, 2023 and 2022 (in thousands, except per share amounts):
|  | Six Months Ended January 31,
|  | 2023 |  | 2022
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 71,708 |  |  | $ | 71,708 |  |  | $ | 84,059 |  |  | $ | 84,059 |
Weighted-average Vail Shares outstanding |  | 40,312 |  |  | 40,312 |  |  | 40,460 |  |  | 40,460 |
Weighted-average Exchangeco Shares outstanding |  | 1 |  |  | 1 |  |  | 33 |  |  | 33 |
Total Weighted-average shares outstanding |  | 40,313 |  |  | 40,313 |  |  | 40,493 |  |  | 40,493 |
Effect of dilutive securities |  | — |  |  | 95 |  |  | — |  |  | 344 |
Total shares |  | 40,313 |  |  | 40,408 |  |  | 40,493 |  |  | 40,837 |
Net income per share attributable to Vail Resorts |  | $ | 1.78 |  |  | $ | 1.77 |  |  | $ | 2.08 |  |  | $ | 2.06 |
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 26,000 and 1,000 for the six months ended January 31, 2023 and 2022, 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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