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Net Income Per Common Share (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Apr. 30, 2023 | Apr. 30, 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 April 30, 2023 and 2022 (in thousands, except per share amounts):
|  | Three Months Ended April 30,
|  | 2023 |  | 2022
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 325,006 |  |  | $ | 325,006 |  |  | $ | 372,550 |  |  | $ | 372,550 |
Weighted-average Vail Shares outstanding |  | 39,620 |  |  | 39,620 |  |  | 40,537 |  |  | 40,537 |
Weighted-average Exchangeco Shares outstanding |  | — |  |  | — |  |  | 31 |  |  | 31 |
Total Weighted-average shares outstanding |  | 39,620 |  |  | 39,620 |  |  | 40,568 |  |  | 40,568 |
Effect of dilutive securities |  | — |  |  | 104 |  |  | — |  |  | 110 |
Total shares |  | 39,620 |  |  | 39,724 |  |  | 40,568 |  |  | 40,678 |
Net income per share attributable to Vail Resorts |  | $ | 8.20 |  |  | $ | 8.18 |  |  | $ | 9.18 |  |  | $ | 9.16 |
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 24,000 and 8,000 for the three months ended April 30, 2023 and 2022, respectively. | Presented below is basic and diluted EPS for the nine months ended April 30, 2023 and 2022 (in thousands, except per share amounts):
|  | Nine Months Ended April 30,
|  | 2023 |  | 2022
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 396,714 |  |  | $ | 396,714 |  |  | $ | 456,609 |  |  | $ | 456,609 |
Weighted-average Vail Shares outstanding |  | 40,081 |  |  | 40,081 |  |  | 40,485 |  |  | 40,485 |
Weighted-average Exchangeco Shares outstanding |  | 1 |  |  | 1 |  |  | 33 |  |  | 33 |
Total Weighted-average shares outstanding |  | 40,082 |  |  | 40,082 |  |  | 40,518 |  |  | 40,518 |
Effect of dilutive securities |  | — |  |  | 98 |  |  | — |  |  | 266 |
Total shares |  | 40,082 |  |  | 40,180 |  |  | 40,518 |  |  | 40,784 |
Net income per share attributable to Vail Resorts |  | $ | 9.90 |  |  | $ | 9.87 |  |  | $ | 11.27 |  |  | $ | 11.20 |
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 3,000 for the nine months ended April 30, 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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